Saving Money For Down Payment

  Good credit? Earn good money? But nothing saved for Down Payment? I know there are many aspects of buying your first home that can be frustrating, one of those on the list…not having the funds for down payment. Well, I know in this day and age it is hard to save money, however, there […]

Denver Real Estate- Rising Mortgage Rates – Have You Concerned?

Here we are, the days are getting longer! You would think the Denver real estate market would be about to wake up from its winter slumber. Wait this is not 2012. So, unless you have been under a rock, that is not the case in Denver. The news to start 2018 in Denver real estate has been […]

Mortgage Calculator Malfunction

Looking for a mortgage calculator to give you the magic answer?  What exactly is the magic answer?  The answer you are looking for is seeing how much home you can afford. What amount are you pre-qualified for to purchase? What the mortgage calculator doesn’t give you is the expected interest rate for you. Same for […]

Purchasing a Multi-Unit

We’ve seen an increased interest in wanting to purchase multi-unit housing. Most of the inquiries want to know the minimum down payment. There seems to be a common misconception regarding the minimum down payment requirement. Most don’t realize that you can use FHA financing. You must live in one of the units, purchasing as your […]

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 […]

Where are your down payment funds coming from?

Knowing where your down payment funds are coming from is only half the equation. Being able to source and show is the second part. As a lender we see all sources of money being used for down payments. Some of which include but are not limited to; 401k’s, gift funds, stocks, mutual funds, savings bonds […]

Conventional Loans Using Gift Funds

So, while Fannie Mae was on board with allowing people to use gift funds for down payment this fall for Conventional mortgages. The PMI companies have now transitioned as well. So what this means is that if you are buying a primary residence 1-Unit (only, not rental property either) then you no longer need the […]