Mortgage Advice and Real Estate Updates
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, it seems to be a […]
For starters, depending on your income, you may be able to buy a higher priced home. Denver’s maximum conforming loan limit is now $575,000, which is up from $529,000. The Denver counties enjoying this increase are Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park. Boulder is now $644,000 in 2020 up […]
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 young professionals. Let’s review the […]
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 some home buyers so they […]
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 mortgage with the strict underwriting […]
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 to qualify for financing. This […]
Here is a wonderful tip for a homeowner who needs to make a specific amount when selling their home. Actually, it it is probably not so new to many of the experienced real estate agents, but it will help the newbies and those needing a refresher. The sellers’ net profit will not change if they […]
The following is a short list of things you should and should not do when buying a home in Denver or Boulder. Mistakes to Avoid During Your House Search #1 Not being prepared to compete in a seller’s market. The Denver metropolitan area, including Boulder, has been in a hot market for years where housing […]
In order to qualify for a home loan, there are many contributing factors. Keep in mind that one of the crucial factors is your credit score. Just a single point below certain lender thresholds can make a big impact on whether you qualify for financing or not. Since your credit score is a three-digit number, […]
Summary: Based on the current median home price of $789,637, along with average mortgage rates for a 30-year fixed conforming loan at 3.84%, the average mortgage payment in Boulder is approximately $3,015 as of 2020. Having said that, your monthly payments may be affected by a few parameters. For the typical homeowner, mortgage payments in […]
