Real Estate Advice

Comments Off on It Can’t Hurt to Wait, Can It?

It Can’t Hurt to Wait, Can It?

It Can’t Hurt to Wait, Can It?

It’s been said that more money has been lost due to indecision than was ever lost because of a bad decision. Regardless of whether you agree with the statement, delaying the decision to buy in today’s market is going to cost the buyer more. Home prices have gone up considerably in almost every market in … Continued

Comments Off on If I’d Known …

If I’d Known …

If I’d Known …

We’ve probably all said or at least thought “if I knew then, what I know now, I would have done things differently.” We should have stayed in school longer. We should have listened to our parents. We should have bought Apple stock in 2002 for $8.50 that sells for $400 today. Or we could have … Continued

Comments Off on Retirement Without a Mortgage

Retirement Without a Mortgage

Retirement Without a Mortgage

Planning for retirement is obviously important and many times, an activity plagued by procrastination. Some people plan to have their home paid for by that magical date so they won’t have payments after they retire. It makes sense to eliminate a large recurring expense before they quit working. One strategy would be to be make … Continued

Comments Off on When Rates Rise

When Rates Rise

When Rates Rise

Rising interest rates are great if you are renewing a certificate of deposit but not so much when you’re borrowing money. With interest rates on the rise as well as home prices, housing affordability is a concern for would-be homeowners. A rough rule of thumb is that a person’s or family’s housing should not exceed … Continued

Comments Off on Assumable Mortgages: Advantages to Buyer & Seller

Assumable Mortgages: Advantages to Buyer & Seller

Assumable Mortgages: Advantages to Buyer & Seller

Here are some of the advantages of assuming an existing mortgage versus applying for a new one: Mortgage is further into amortization schedule Lower interest rate loans amortize faster than higher interest rate loans Lower closing costs than a new mortgage Easier to qualify than on a new mortgage No appraisal required There could also … Continued

Comments Off on Mortgage Interest Rates: Where Are They Headed?

Mortgage Interest Rates: Where Are They Headed?

Mortgage Interest Rates: Where Are They Headed?

Today’s $20,000 question is…Where are mortgage rates headed in the near future? Most believe the rapid rise in rates experienced over the last month will not be sustained and that they will level off into a range between 4% and 5%. When recently asked, Zillow’s director of Mortgage Marketplace, Erin Lantz suggested: “It is impossible … Continued

Comments Off on FHA & VA Assumptions

FHA & VA Assumptions

FHA & VA Assumptions

Not many buyers have assumed a mortgage in the past 25 years. Most people think it was because FHA and VA in the late 80’s began to require that buyers qualify for the assumptions. Not having to qualify for a mortgage would certainly benefit certain buyers. If a homeowner must qualify for an assumption like a … Continued

Comments Off on My First . . . and Maybe Last . . . 15 Minutes of Fame

My First . . . and Maybe Last . . . 15 Minutes of Fame

Well they say it happens to everyone at some point – 15 minutes of fame. Mine came a couple weeks ago when I was featured on FOX 31 News in some real estate segments they did. Just in case you missed it (and in case you care at all!), here it is.

Comments Off on Is That “Free Credit Report” Really Free?

Is That “Free Credit Report” Really Free?

Is That “Free Credit Report” Really Free?

There’s a lot a consumer confusion out there about “free credit report” offers that are advertised as free but many times require consumers to spend money on credit monitoring or other products and services. You see these offers all the time. So where do you go to get an actual free credit report? Go to … Continued

Comments Off on Keeping You and Your Family Safe

Keeping You and Your Family Safe

Keeping You and Your Family Safe

A new law was passed in Colorado last year that flew under the radar of most homeowners — probably because you don’t have to worry about it until you sell your house. But my suggestion is you worry about it right now. Here it is: if your house has a fuel-fired heater or appliance (e.g., … Continued