Big News for Condo Buyers and Owners This is huge news for condominium buyers and owners! Prior to October 15th, 2019, Federal Housing Administration (FHA) required that the condo being purchased had to be in a complex that was FHA approved. However, many HOAs let their FHA approval status expire, putting it back on the…

In Colorado, especially in Denver, the housing market is very competitive. So, how do you get your home offer accepted? The first thing is to make sure that your offer is competitive with the other offers. It is key to listen to your real estate agent on how to structure your bid and, to know…

When Should I Lock My Rate? Whether you are refinancing or buying a home, here are a few things to think about when you are trying to decide whether to lock your rate or wait! What is a rate lock? Rate locking means, exactly that… locking your rate. When you lock your rate on a…

To be honest, there is one answer to this question that will stand the test of time… The best time to buy is when you have enough money saved up for a down payment and an income that comfortably allows you to cover a mortgage payment. Many financial planners suggest that your mortgage payment should…

What Does A Fed Rate Cut Mean for Mortgages? We often get the question, when is the best time to lock in my rate? This question tends to heighten in volume when a Fed meeting is around the corner. In short, do not let the rumor that rates are going down deter you from locking…

Qualifying with $0 Down using USDA Loans The USDA Home Loan in Colorado is an under-utilized program designed to help buyers purchase homes in small towns, rural areas, and even the outskirts of front range cities with 100% financing assistance. The program offers low mortgage insurance and the ability to refinance similar to any other…

How To Get Rid Of Mortgage Insurance One of the most popular questions we get, is how do I get rid of my mortgage insurance? For those that don’t know, mortgage insurance, also known as PMI, is a lender’s protection program in the event of a default on the loan. PMI is required for anyone…

Cleaned out the garage a few weeks ago and came across old electronics, batteries, paint, oil, high pressure air tanks, and all kinds of other hazardous material that I didn’t want to send to the landfill. So I did a little research and found out where to take it, and discovered a place that takes…

Have you heard the “rule” that for a refinance to make sense, you have to lower your rate by at least 1%? With rates at the lowest level we have seen for a long time, and the Fed talking about a rate cut in the near future, I dive into the 1% myth this week.