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Rent vs. Buy

Rent vs. Buy

What Is it better, rent vs. buy?  In Denver, it’s 43 percent cheaper to buy, which analysts blame on a tight rental market that isn’t being replenished by new construction. Newcomers are flooding in and it’s making the market to rent tougher than ever. According to the Colorado Division of Housing, average monthly rent rose $63 in 2013 to $1,041 and is expected to continue to rise into 2015.

Per the CDH, “People continue to move here and people continue to form households here. New households include people marrying and moving into their own homes, people moving from other states, and people divorcing and creating two households from one.”

Business is booming in the Rocky Mountain State, and real estate reflects that boom. let the Mortgage Maestro answer all of your questions. Schedule a consultation today!

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Licensed in Colorado as Maestro LLC (DBA Mortgage Maestro Group) is an Equal Housing Lender.

387 N Corona St #646, Denver, CO 80218.

NMLS Unique Identifier #1838215

Consumers wishing to file a complaint against a company or a residential Mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the Department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov.

Home Mortgage Disclosure Act Notice. The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s website.

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