That’s right. From now until 10/1/12 you too can buy a HUD home for only $100 down. First off, what’s a HUD home you may ask? A HUD home is simply a foreclosure that was purchased using an FHA loan. Millions of Americans have purchased homes using FHA Financing which insures the lender that if [...]
In last night’s job speech President Obama pledged assistance to millions of American homeowners that are trapped in a high interest rate mortgage and can’t refinance there home either due to weak credit or not having enough equity in there home. This is certainly a step in the right direction, but is it to little [...]
Have you had your eye on a $400k home and had plans to use an FHA to purchase it? You’ve got one month to get off the fence and pull the trigger because loan limits for FHA are going down. Currently in Denver you can use an FHA loan to purchase a home for up [...]
RealtyTrac just released it’s latest figures for Q2 of 2011 and apparently 36% of all home sales in Colorado were foreclosures. Nationwide foreclosures accounted for 31%. Different parts of Colorado experienced drastic changes as compared to last year in foreclosure rates. For example, Durango saw a 500% increase in the number of foreclosures as compared [...]
If you have been sitting on the fence regarding a new home purchase now may be the time to finally get off. Interest rates on a 30 year mortgage hit an all time low at 4.15%, beating the previous record of 4.17% reached last November. The last time interest rates were this low was 1971. [...]
The 2011 Denver Parade of Homes is a great event to see what types of homes are available in Denver communities, as well as getting design ideas for our own homes. The latest home design trends are always showcased inside the featured homes. Whether you are looking for your next home, or just want to [...]
Your credit score is one of the biggest considerations lenders use to determine if you are qualified to borrow money to buy a home. I know many folks who make great money, however, their credit score is sub 580 which is the absolute lowest score I’ve ever seen anyone qualify with. For most people it’s [...]
Baker is a beautiful historic neighborhood set in a very cool and eclectic part of town. It’s one of the hippest neighborhoods in Denver with great restaurants and a wide selection of shops and bars. Make sure to grab a bite at the new Mexican restaurant “El Diablo“. Fantastic food. Grab a drink at “Sputniks” [...]
A living room just passed us. That’s the first time that I’ve ever said that and it might not be the last. Be on the lookout for IKEA’s new mobile living room display being pulled around town. According to professor Darrin Duber-Smith who is a Marketing Professor at Metro State College the IKEA marketing plan [...]
The number’s released this past Friday from Metrolist are in for June and it looks like the Denver Housing Market is looking much stronger compared to this time last year. How much stronger is the Denver Housing Market in 2011? 22.5% more homes were put under contract in June of this year as compared to [...]