Imagine you own a high-six or seven-figure brokerage account, but your liquid cash isn’t enough to fund a down payment on a luxury home in Boulder or Denver. You could sell stock but that will trigger capital gains, and you lose exposure to future upside. Instead you borrow against your Read more
Colorado investors and homeowners can access equity from rehabbed properties in six months with non-QM loans from a Colorado lending expert. Conventional loans demand a 12-month wait. Our non-QM loans offer a faster solution. This brief guide helps you start the process for homes valued over $1M or more in Read more
As mortgage rates eclipsed 7%, homebuilders employed an intricate strategy to drive sales – subsidizing rate buydowns to reduce monthly payments. This phenomenon flies under the radar but understanding its financial mechanics and marketplace role helps buyers evaluate the best purchase path. What is a Rate Buydown?A rate buydown allows Read more
Ready to take the next step and move to Colorado but not sure which small to medium-sized city should be your new home? If you need some help picking which one fits your lifestyle the best, it helps to start off with an overview of Colorado Springs and Fort Collins Read more
The roommate factor is of great importance as a young adult’s method when deciding to rent or buy a home. Renting versus owning is a long standing debate among homeowners and renters. As of now, renters can easily win the debate by splitting rent with a roommate and saving. Initially, Read more
For starters, depending on your income, you may be able to buy a higher priced home. Denver’s maximum conforming loan limit is now $816,500, which is up from $787,500. The Denver counties enjoying this increase are Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park. Boulder county Read more
Young Colorado professionals have just about all they can handle, and they really don’t want to be concerned with identifying the best places to live around Denver. So, just in case you fit that description, we put together a list of the best areas to accommodate the hectic lifestyle of Read more
Buying a Home from a Builder in Colorado In the Metro Denver area, the average detached new home sales price is approximately $534,870 for the past 12 months as of June 30. This represents a 4% increase from a year ago. This price point has caused an affordability issue for Read more
Having a flexible work schedule is pretty much the norm for people who own their own business or are independent contractors. Sometimes the income for one month is huge while other months can be small or nil. Lenders understand this, which is why it can be difficult to obtain a Read more
Let’s see how alimony calculations have become more friendly for the former spouse paying their ex-spouse. Fannie Mae recently made it acceptable for lenders to decrease a borrower’s income by the amount of the alimony as opposed to including it to his or her debt-to-income ratio, which made it harder Read more