Is It Worth It To Pay PMI? One thing that’s a concern for home buyers right now is if you have less than 20% down payment you have to pay mortgage insurance or PMI. What is mortgage insurance? This is basically an insurance policy that ensures the lender in case you were to foreclose or…

Dovish vs Hawkish Economic Policy – What Does That mean I wanted to talk about another concept around the Fed and around economists. It’s two terms that are used commonly around economic policy, and those are dove and hawk. And I want to talk a little bit about what those mean, because you might have…

What is velocity of money? And you might be asking yourself, why is this important? Why would I even want to learn about what velocity of money is? So I’m going to talk about that as well. And simply put velocity of money is the rate at which money changes hands in the economy. When…

First Time Home Buyer Tax Advantaged Savings Account If you’re a first time home buyer, you know that it’s very hard to save up enough for a down payment to buy a home. So that’s why I wanted to talk today about a very unique program that’s available in Colorado and most other states called…

I’ve got a secret for you, in case you haven’t seen it, don’t tell anybody, but mortgage rates are up. I’m being facetious of course, unless you’ve been living under a rock, you’ve probably seen that mortgage rates are up and especially if you’re in the real estate business, you know that real estates are…

If you’re selling a house right now that more houses have hit the market, so are you looking for a strategy to make your listing stand out? How about if you offered the buyer a 30 year fixed interest rate in the 3% range? I’m not joking right now. If you are looking at buying…

The Buy A Home Now Or Wait Conundrum-I want to talk about a question that’s on a lot of people’s minds right now, and that is, should I buy a home right now? I mean, mortgage rates are up to the highest level we’ve seen in over 12 years. Home prices are up. We’ve seen…

RJ Baxter: Hi, I’m RJ Baxter from . I’m here with Andrew Sams from Alpine Building Performance, and he’s a home inspector in the area. He’s going to talk a little bit about the importance of the proper water drainage from your house and the kind of damage that it can do if it’s not…

I wanted show you guys a quick chart that I saw today that just reinforces what I was talking about earlier in the week on my video about the fact that you’ve probably noticed there’s more homes for sale on the market right now. There’s been more and more listings coming on the market. Some…

This blog was originally a transcript from a 2022 video on this topic.  Go here for a more in depth article on FHA minimum property standards and appraisal requirements. Download the minimum property standards checklist here If you are out looking at homes this weekend and you are seeking an FHA loan, or if you’re…