Forbes names Denver metro area one of top ten places where it’s better to buy than rent
Forbes magazine took a whole bunch of data, crunched it together and determined that the Denver metro area is one of the top 10 places in the US to buy a house right now because it’s a better buy than rent. (If you want to see the actual link to the Denver metro area you have to click on the slide show within the article.) Some of the data they examined was: What you would pay to rent vs....
Read MoreRecent changes to FHA loans
Not exactly certain when these changes will take place but it’s supposed to be “soon.” If you have less than 20% down on a house you are required to get Private Mortgage Insurance and if you’re seeking an FHA loan you’ll have to pay an up front premium of 2.25% now instead of the previous 1.75%. If you have a FICO score of 580 or below you’ll be required to...
Read MoreFirst time home buyer tip #22
If you’re confused about the rules of lending and your home’s appraisal you’re not alone. Especially in this market! I have watched experienced home buyers and sellers get completely confused as well, so here’s the deal: let’s say you’ve made an offer on a house, the sellers have accepted your offer, your loan has been approved and the lender has ordered an...
Read MoreEven cats love the ice cream man
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