Simply, interest rates influence how much a mortgage is both in a lifetime and a monthly payment. In the last few weeks of January 2023, we’ve seen interest rates hover around the upper-5% to lower-6% range for a 30-year fixed rate mortgage
Last week, in part 1 of this series, we talked about 2022 market recap and buyer trends we’ll likely see in 2023. This week, we’ll continue by talking about seller trends and hot topics to keep in mind for this new year. Remember, CHR CEO Matt Hudson estimates a strong year overall for 2023 and says sellers will have a …
We believe Colorado real estate will be strong in 2023, most likely experiencing a 2-5% appreciation in the first half of the year. Inventory will remain relatively low as a result of current homeowners’ reluctance to give up their existing low-rate mortgage
In short, buying down interest rates is when a buyer puts down more money upfront to reduce interest rates and the mortgage amount in total
Individual variances may impact which loan type is best for you and your situation. Below is a quick high-level breakdown of the 4 major loan types: conventional loans, FHA loans, VA loans or USDA loans
Remember that downsizing a home is not the same as going back to renting so even when you downsize a home you’re still getting the same benefits as a homeowner.
There are so many great benefits to being a homeowner that include not just financial rewards but also psychological perks.
Many families and individuals like expanding their financial portfolio with real estate: namely rental property or a second home. For those looking for a second home, you should consider looking at a golf course home.
Yet another drawback of inflation and ever-rising interest rates is the possibility that it’s harder to qualify for a home loan. Just how much harder is it to get a home loan when interest rates change?
About 26% of all Americans have a disability so a home that is ADA accessible (compliant with the Americans with Disabilities Act of 1990) could be a hot commodity when you go to sell your home.
In quick summary, HB-22-1137 addresses policy changes regarding collections and compliance in regards to that practice.
Thousands of people move to Colorado every year and rental property is a great investment. Those looking for property to rent in the Denver metro area may be looking on either a short-term or long-term basis
Here are 17 common mistakes new homeowners often make and that you should NEVER do to your home under any circumstances.
Below are some things to keep in mind when looking at homes on a golf course so you have all the facts you need.
Golf is one of the most popular sports played today and if you are an avid player the thought of living on a golf course must have crossed your mind? Imagine waking up every morning and having all the amenities on your doorstep! Living on a golf course sounds very appealing to those who love the game. It may signify …
Personality, working style and area of specialty are all important factors to consider when picking a real estate agent to help you buy or sell your house. Buying and selling a home can be a process so you want to make sure you find the best fit for you
Spoiler: the Denver housing market is still hot, and likely will be for the foreseeable future, because inventory of houses is lower than the number of buyers who are looking to purchase.
Some homes are perfect for a home office, while others lack space and send their owners seeking new homes that are better for working at home.
It’s common advice, but if you are in the market looking for a home you want to be extra diligent when it comes to your finances and purchases. Specifically, you want to avoid anything that will lower your liquid asset value or alter your debt to income ratio. Your upcoming home loan will be unfortunately impacted by any large purchase …
Short-term rental investment can be exciting and very profitable. In instances where the location is in a high-traffic ski resort for example, the rental could be booked all winter long and bring in a great passive income for you as the owner.