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Friday Photos – Denver Capital Building
The Colorado State Capital bears a strong resemblance to our nation’s capitol, including famous street names such as Pennsylvania and Lincoln Avenue. The building was built in the 1890’s and is composed of Colorado white granite. In 1908 the dome was plated in 24 karat gold. The interior features magnificent brass and stained glass. The dome towers 180 feet above, and contains stained... [Read more...]
The Glass is Really Half Full – Denver Ranks #3
The Denver area real estate market ranked number 3 in the latest (November 2009) S&P/Case-Shiller Home Price report. The report tracks 20 metropolitan areas and ranks them based on real estate price performance. The Denver area showed a 0.5% increase, and ranked 3rd, trailing only Dallas (+1.4%) and San Francisco (+1.0%.) The only other city showing a positive number was San Diego +0.4%.) In... [Read more...]
Denver Real Estate Mortgage Rates
Denver Area Current Mortgage Rates Program Rate Orig.+Discount Conv. 30 yr. fixed 5.00% 1%+0% FHA 30 yr. fixed 5.00% 1%+0% VA 30 yr. fixed 5.25% 1%+0% 5/1 ARM 3.75% 1%+0% Conv. 15 yr. fixed 4.375% 1%+0%
Tax Time and the Home Buyer Tax Credit
With tax time upon us, I wanted to share the IRS form that is required to get your credit. IRS form 5405 is what you’ll need to attach to your tax return to claim the credit. Please consult your tax professional for any tax advice regarding this, and if you need a tax pro, shoot us a message or give us a call. We have a couple of people we would highly recommend! Click the link below to view... [Read more...]
HUD Suspending 90 Day Rule
HUD’s 90 day rule was a condition put upon home sales stating that if the property was owned for less than 90 days, the owner could not sell it and offer FHA financing. The reason for this was to keep unscrupulous investors from buying low, and re-selling immediately for substantial profit. Investors, rehabbers, and the like, needed to wait a full 90 days before the resale could go through... [Read more...]
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