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 […]
Looking to purchase, consider buying from your landlord
Are you looking to purchase? Have you considered buying from your current landlord Back in 2015, when the market was in its “blast off” stages, we published a column on how it was a viable investment to buy your landlords house; the house that you are currently renting. Click here to check out the previous […]
Purchasing a home in Colorado’s competive market
Purchasing a home in Colorado’s competitive market takes strategy. Many of you think that the only way to purchase in this market is that you have more money to put down and great credit. This is not necessarily the case. Let’s go over some facts and how to put yourself into a better position […]
Everything You Know About What Drives Mortgage Rates Is Wrong
I have to applaud 5280 for writing the article “Everything You Know About Denver’s Real Estate Market Is Wrong“. In this article, Natasha Gardner explores the realities of Denver’s real estate market. She has some good insight provided by some of Denver’s Real Estate agents. So I have to give her kudos for shedding light […]
How much home can I afford
When you are thinking about purchasing a home typically the first question you ask yourself is “how much home can I afford?”. This is a great question to get you started but quite honestly, I think there is a more important question you need to be asking yourself. “What are your expectations in the vision of […]
New Down Payment Assistance Options with CHFA
There are new down payment assistance options with CHFA! CHFA is known for their down payment assistance programs as well as their specialty programs. Yesterday CHFA rolled out a change to their down payment assistance grant program and added a zero-percent second. The down payment assistance grant will now be for up to 4% of […]
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 […]
