“Which documents do I need to get preapproved for my mortgage?” I get that question a lot. One reason is because there are at least seven different types of mortgage loans. Who knew, right? Types of Mortgage Loans The types of mortgage loans include: Conventional – These are standard mortgages for borrowers with strong credit […]
“What’s going to happen in the Denver metro area real estate market in 2019?” That’s the question on the minds of almost everyone I see these days. I’ll tell you what I tell them: predicting the real estate market by looking at the past is like driving down the highway backwards at high speed using […]
Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be. Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!
Here are four great reasons to buy a home today instead of waiting. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.3% over the next year. The bottom in […]
Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that mortgage rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an increase in mortgage rates will have […]