It looks like you're new here. I appreciate you stopping by! Feel free to throw down some graffiti on my wall by adding a comment to this post! And, if you like what you see, please subscribe to the feed and I'll deliver all my new content, right to you! Thanks for visiting!

Strong Headline!  The Rocky Mountain News published this article, and I needed to comment.

The Colorado State legislature passed a law that went into effect January 1st, 2008, requiring Mortgage Brokers to become licensed by the State.  While most states have required the licensure of Mortgage Brokers for some time, Colorado was a bit behind the curve. 

Since the requirement went into effect (less than 90 days ago) there have been 73 people denied a license, or disciplined by the Colorado Division of Real Estate.  Offenses like Criminally Negligent Homicide, Lewd & Lascivious Acts in the presence of a Child, and Burglary are some of the reasons why licenses were denied. 

Just think only a year ago, these characters could have been giving you a “Good Faith Estimate”  Yikes!

While the Real Estate brokerage industry has been under the watchful eye of the State for decades, I’m glad the Mortgage Broker industry is finally regulated a bit also! 

This is great news for consumers, and a big “Atta Boy” goes out to the State of Colorado for protecting the public.  My only question is, What took so long? 

Contact the Get Home Denver Team to be hooked up with one of our Reputable Mortgage Professionals!

Just when I think the Media is too out of touch to save, they surprise me.

A Time Magazine article by Dan Kadlec, in the Right on Your Money section tells us that the sky is not falling!  Wow, how about that, a guy who gets it. 

His premise is when prices are falling few people have the discipline to use that money to buy other assets, and those who pull the trigger now, will benefit in the long run.  He cites a great example of a very likely scenario;

“Consider a typical home that sells for $218,900. You put down 20% and get a 30-year fixed-rate mortgage at today’s rate of 5.5%. Monthly principal and interest come to $994.31. Let’s say that 12 months from now the same house goes for 10% less, or $197,010. But by then the recession is history and the Fed is jacking up rates to stem inflation. If mortgage costs rise a point, to 6.5%, your monthly payment would be $994.94 and you’d have saved nothing. Meanwhile, home prices might steady and sellers might become less willing to negotiate. And you have spent a year living someplace you’d rather not be!”

This articulates the point we’ve been driving here, THIS IS A GREAT TIME TO BUY!  Check out the full article here.

To further the argument,  on March 6th, the Rocky Mountain News published an article by John Rebchook regarding the state of the local market.  Home sales are up 4% for the month of February and 4.9% year to date.  Check out the full article here.

The bottom line is:  What are you waiting for?  This is the perfect storm for buying right!