Living in Denver Colorado: Pros and Cons Revealed
Denver, Colorado, is a big city and the capital of the state. It’s the most populated city in Colorado, with about 715,522 people in 2020, up by 19.22% since 2010. It ranks as the 19th most populated city in the United States and the fifth most populated state capital. Denver has pretty nature and cool […]
What Is a Mortgage? How They Work and its Types
Have you ever wondered how people can afford to buy a house? Well, one big reason is something called a mortgage. It’s like a special kind of loan that helps you buy a home, even if you don’t have all the money upfront. In America, people owe a total of $12.14 trillion on 84.0 million […]
FHA’s New ADU Underwriting Guidelines
A Bright Future for Renters-turned-Investors through FHA’s new announcement for ADU income. Attention, Millennial and Gen-Z renters! If you’ve been eagerly waiting for a window of opportunity to delve into real estate investment, now might just be your time! With the new FHA underwriting guidelines for ADU financing, you could find yourself taking advantage of […]
The Magic of House Hacking: A Duplex & FHA Mortgage Combo
Ever fancied the idea of someone else making half your mortgage payments? No, we’re not delusional. And yes, it’s a genuine possibility. Let’s dive into a clever, yet completely achievable, strategy to get the most out of your first home-buying experience in 2023. The Charm of a Duplex For the uninitiated, a duplex is essentially […]
2 Reports That Say Now Is a Great Time to Sell Your House
Heading into the spring buying market, there are strong trends starting to emerge. The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at a slower rate. The homeownership rate has reached heights last seen in 2014, with millennials […]
Millennials are Buying more Homes and Mortgage Brokers are Winning More Business with Real Estate Agents
Millennials are buying more homes than ever and Mortgage Brokers are winning more business with Real Estate Agents. According to a new report from Realtor.com, millennials are taking over the mortgage market in the U.S. Home-loan data analyzed by Realtor.com show millennials — defined here as the generation aged 19 to 37 — have purchased a larger […]
Why it’s Important to Get Pre-approved Before You Shop for Homes in Denver
Imagine finding your dream home, making an offer, and then losing out because you weren’t preapproved for a mortgage and someone else was. Getting pre-approved is a critical step in the home buying process for several key reasons. Know your budget When you get pre-approved for a loan, your lender will pre-approve a mortgage amount […]
What’s the Best Use of Your Investment Property?
The residential rental market is a fast-growing segment of home buying in Denver and Colorado. The demand for single-family rentals, defined as either detached homes or townhouses, has risen 30% in the past three years. At the same time, the short-term, or vacation rental market is also booming. The popularity of online marketplaces like Airbnb, HomeAway, […]
Do You Know How Much Your Home Has Increased in Value?
Last year, we saw headlines about a possible housing market bubble, and many wondered if Americans still felt confident about the value of their homes. Recently, the 2018 Houzz & Home Study revealed: “Homeowners with mortgages have seen their home equity more than double since 2011, increasing to a record-setting $8.3 trillion in 2017.” The […]
3 Things You Need to Know in a Shifting Real Estate Market
Whether you are thinking of selling your house or buying a home, today’s real estate headlines can be confusing – perhaps even concerning. What is happening with mortgage rates? Are home values dropping or are they just rising at a slower pace? What impact will the economy have on the housing market? If you are […]
Here’s how that Fed rate hike will impact you
With the Federal Reserve’s latest quarter-point (.25%) interest rate increase, the central bank officials now forecast two hikes next year, down from three rate raises previously projected. The decision affects rates on all kinds of borrowing, from home mortgages to credit cards. An increase to interest rates usually causes consumer interest rates to rise, but the […]
4 Great Reasons to Consider Buying a Home Today Instead of Waiting
1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insight report revealed that national home prices increased 5.4% year over year in October 2018 and are forecast to increase 4.8% from October 2018 to October 2019. The bottom in home prices has come and gone. Home values will continue to appreciate, thus waiting no longer makes sense. […]
