CFPB Press Release Regarding Kickbacks
Late yesterday afternoon the Consumer Financial Protection Bureau (CFPB) released a press release regarding Prospect Mortgage to pay $3.5 Million fine for illegal kickback Scheme. The Real Estate Brokers and Mortgage Servicer that took kickbacks from Prospect are also ordered to pay $495,000. What is a kickback? It is a form of negotiated bribery in which […]
Fed Rates Have Increased
[video_embed name=”Fed Rates Increased”] As you know by now the Fed funds rate increased, just as predicted, and discuss at the FOMC meeting in mid-December. Do not to be fooled by the advertisements stating mortgage rates for 2017 are going up. When you hear “the Fed rates are going to go up, so hurry up and purchase […]
VA Loan Limits -2017 Announced
VA loan limits for 2017 have been released. Following suit with Conventional loans limits for 1-unit properties. Given the cost of housing in Denver and Colorado continue to increase it is no surprise to see VA loan limits going up. Denver is considered a high cost area which is why you will see loan limits higher […]
Mortgage Rates After The Election
[video_embed name=”Mortgage Rates After Election”] Mortgage Rates After The Election The mortgage rates after the election, we all wondered if it would happen, and it happened, rates when up just a day after the election. What does this mean and what did that rate rise cost you? Here is a breakdown of what this may mean […]
Time To Buy A Home
When is a good time to buy a home? This is a good question. Ideally, when you are considering to buy a home the decision should be based on these factors, need vs. want, timing, and finances. It should never be pushed or persuaded from the assumption or outcome of the current Real Estate market […]
High Balance Loan
[video_embed name=”High Balance”] Structure and Strategy Are you looking for a low rate? Are you purchasing a home above $417,000? What are the conforming loan limits in the Denver Metro area? How much do you have to put down? Do you have to put 20% Down? All of these are really good questions and are […]
Appraisals In Denver
[video_embed name=”Appraisals Denver”] Appraisals In Denver This has become somewhat of an issue for the Real Estate market. Whether you are buying, selling or refinancing, appraisals are taking on average 4-6 weeks! Luckily our average turn time is 3 weeks but this is still problematic. Basically, there are more appraisal orders than there are appraisers […]
Top 5 Reasons You Need To Wait To Purchase
When you are looking to purchase a home there are pertinent questions a lender will ask in order to help facilitate how they can help you. Listed below are the top five questions a lender should initially ask you when you call looking to get pre-qualified for a home purchase. Top 5 questions a lender […]
Low Mortgage Rates Online
Proceed with caution when looking at these low mortgage rates online. What you see is not always what you will get. Lenders advertising these low rates are doing a great job because they are getting you in the door by making their phones ring. Be careful when seeing these advertisements. A past client of […]
Quick Mortgage Pre-Approval
Whether you are looking to refinance or to purchase a home there are way too many advertisements giving you a “streamlined” option to get a quick mortgage pre-approval. I am extremely perplexed about the calls and conversations I’ve been having these past few weeks. Most of the calls state that they have already spoken with […]
Should you buy or rent?
Most of the calls we receive are renters who have just been notified of their pending rent increase and they are realizing it may make more financial sense to buy rather than continue renting. Or folks moving to Denver from another city. As they put it, they don’t want to be “throwing our money away […]
Home Purchase-21 Day Closing
If you have been out there looking in the Denver area for a home to purchase, I’m sure you are getting frustrated. With little inventory it makes for a very competitive and exhausted market. With this in mind we have created a alternative option in order to help give you an “edge” when submitting an […]
