Self-employed Mortgage Success Stories

Self-employed Mortgage Success Stories

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 […]

New Alimony Rule Will Help More Borrowers Qualify

New Alimony Rule Will Help More Borrowers Qualify

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 […]

How the Seller and Buyer Both Win

How the Seller and Buyer Both Win

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 […]

What to Do and Not Do When Shopping for a Home in Denver

What to Do and Not Do When Shopping for a Home in Denver

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 […]

Home Loan Types Available Based On Credit Score

Home Loan Types Available Based On Credit Score

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, […]

Average Monthly Mortgage Payment in Boulder, Colorado

Average Monthly Mortgage Payment in Boulder, Colorado

Summary: Based on the current median home sold price of $954,800 from Realtor.com, along with average mortgage rates for a 30-year fixed jumbo loan at 3.375% and 20-percent down, the average mortgage payment in Boulder is approximately $3,377 as of October 2021. Just a year ago, the average payment was $2,722 based on a median […]

7 Denver Neighborhoods Ranked in U.S. Most Competitive

7 Denver Neighborhoods Ranked in U.S. Most Competitive

According to a December 2016 report by Redfin, 7 Denver metro area neighborhoods are among the most competitive in the U.S. for home-buyers.  The town of Wheatridge, a western suburb of Denver, is in the top ten. The popular neighborhoods in the Denver metro area are; West Pleasant View in Golden,  College View in Denver, […]

Mortgage Loan Limits Go Up in 2017 for Counties around Denver

Mortgage Loan Limits Go Up in 2017 for Counties around Denver

Mortgage loan limits for Denver – Aurora – Lakewood in Colorado went up in 2017 largely in response to rapidly rising home prices. This is probably due to Denver having some of the most competitive neighborhoods in the U.S to buy a home. FHA, VA and conventional loan types will have new loan limits. In […]