Once you’re under contract on a property do NOT go out and buy a bunch of “stuff.” Sure it’s tempting to go put new furniture on layaway or even buy a new car but it can seriously undermine your mortgage approval. The lender can decide you took on too much additional debt and pull the [...]

Always view a home with resale potential in mind. Sure it looks good now, and the price seems right, but 5 or 10 years from now when you decide you want to sell your home and move up, you need to keep in mind that not everyone finds living across the street from 7-11 a [...]

Visit the Colorado Housing and Finance Authority (CHFA) website to check out their loan programs and what they do to assist first time home buyers. If you have the income to afford a mortgage, but don’t have a lot of cash on hand for a down payment or closing costs, you may be able to [...]

The Mortgage Bankers Association is offering a free course online on buying a home. Click here to see it. This should be especially helpful for first time home buyers. Also according to the MBA mortgage application loan activity is WAY up due to historically low interest rates. In fact, they noted in their press release: [...]

In the tradition of New Year’s Predictions I am going to predict that 2009 will be the Year of the First Time Home Buyer. The nice part about this is, it truly is an environment for First Time Home Buyers rather than the false promises some real estate practitioners and bureaucrats pushed several years ago, [...]