Denver Mortgage Rate Update 5-29-2008
May 29, 2008 by Bob Schenkenberger · Leave a Comment
Here are current mortgage rates for the Denver Metropolitan area. These rates change constantly, so they are subject to change. I will post new rate information if these figures increase, or decrease dramatically. Conventional 30 year fixed: 6.25% up from 5.875% last week FHA/VA 30 year fixed: 6.125 up from 5.875% last week 5 year [...]
Investor Properties
May 28, 2008 by Bob Schenkenberger · Leave a Comment
photo credit: cioproject I’m witnessing an interesting trend. Investment property opportunities are much tougher to come by than only a couple months ago! Earlier this year, we were finding 2-3 properties per week that would meet our “Great Deal” or “Wholesale” criteria. That is, a property available for purchase at a price that was at [...]
NAR and DOJ Settle.
May 28, 2008 by Bob Schenkenberger · Leave a Comment
The National Association of Realtors (NAR) and the Department of Justice (DOJ) have just settled a drawn out and expensive legal battle. The result isn’t what’s news worthy. The reason being is that is was pretty much a big waste of money. The lawsuit brought by the DOJ was initially done so to force the [...]
First Impression is Key!!!
May 23, 2008 by Elaine Manes · Leave a Comment
Preparing your home to sell can certainly be a daunting task, and most sellers don’t know where to start. I suggest you start where your buyers will start, with a first impression. It’s difficult to be objective about your own home, but there are some tricks you can try. Jump in your car, and drive [...]
Denver Mortgage Rate Update 5-22-2008
May 22, 2008 by Bob Schenkenberger · Leave a Comment
photo credit: EverySpoon Here are current mortgage rates for the Denver Metropolitan area. These rates change constantly, so they are subject to change. I will post new rate information if these figures increase, or decrease dramatically. Conventional 30 year fixed: 5.875% FHA 30 year fixed: 5.75% VA 30 year fixed: 5.75% 5 year interest only [...]
When an Agent Buys a Home – Part III
May 22, 2008 by Mike Whalen · Leave a Comment
The Inspection and Financing We have a contract! Don’t Panic! Now, what is it REALLY going to cost us and what kind of shape is it REALLY in. This is where we find out how much we REALLY want a new home. Like any smart home-buyer, we were pre-approved for financing and had a couple [...]
Denver Mortgage Rate Update 5-15-2008
May 15, 2008 by Bob Schenkenberger · Leave a Comment
Here are current mortgage rates for the Denver Metropolitan area. These rates change constantly, so they are subject to change. I will post new rate information if these figures increase, or decrease dramatically. Conventional 30 year fixed: 5.875% FHA 30 year fixed: 5.875% VA 30 year fixed: 5.875% 5 year interest only ARM: 5.375% Jumbo [...]
Mortgage Fraud and the Wild West!
May 15, 2008 by Bob Schenkenberger · Leave a Comment
The rate of foreclosures seems to be linked to a little bit of Mortgage Fraud. Well, I’ll be darned. Who’d of thunk it? Colorado has ranked in the Top 10 (or bottom 10, depending on your level of cynacism) for foreclosures during many of the past 5 years. Not coincidentally, the Centennial State has been [...]
When an Agent Buys a Home – Part II
May 13, 2008 by Mike Whalen · 2 Comments
Click here to view Part 1 We have found the property! After months (years?) of looking at properties and neighborhoods we have identified a nice little home that fits the bill for our current real estate needs. Like most young couples we have approached the purchase of a home as a long term decision because [...]
Another Plus for Denver Real Estate Investor’s
May 13, 2008 by Bob Schenkenberger · 2 Comments
There are a number of key factors to consider when investing in Real Estate. One of the most important for the long term thinkers, those who are buying with the intent to hold for a few years (3-5 minimum) is vacancy rates. Vacancy rate is the percentage of units that are empty. No one wants [...]
