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 [...]
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 [...]
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 [...]
Denver Real Estate-5 HOT Zip Codes!
May 8, 2008 by Bob Schenkenberger · Leave a Comment
More news today on some HOT markets in the Denver area. As reported in the Rocky Mountain News, certain Zip Codes are doing extremely well! Over the past year, the median price in the Denver Metro Area has fallen. But certain areas are going UP. The top 5 areas are: 1. Centennial, Cherry Hills Village, [...]
Gift Funds – what you need to know when buying a home.
May 8, 2008 by Bob Schenkenberger · Leave a Comment
This past month two of our clients received “Gift Funds” from Mom and Dad to help them with the down payment on their new home. There are lending guidelines for “Gift Funds” and it’s important to understand how they work in the event you are the giftor or the giftee. Here’s what you need to [...]
Denver Real Estate Data
May 7, 2008 by Bob Schenkenberger · Leave a Comment
The median price for single family homes in the Denver Metro area dropped from $224,900 in March to $222,550 in April. This one percent drop could be a positive sign for the market. The almost negligible drop may be a sign of recovery. Activity is up and prices seem to be stabilizing. I’ll keep you [...]
Economic or Psychologic?
June 2, 2008 by Bob Schenkenberger · 1 Comment
photo credit: joshua m. neff I blame the housing downturn on Election Year politics. OK, I’ve said it! I think the housing “crisis” has less to do with economic factors and more to do with the psychologic state of our great nation. I concede that the sub-prime mortgage mess was a house of cards that [...]
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