Denver Finance and Mortgage News

Financing

Current and Up to date Finance and Mortgage information for Colorado Homeowners

Found 100 blog entries about Financing.

COVID-19 Mortgage Update

Here is the latest mortgage information related to the coronavirus pandemic.  To keep things organized and easy to follow, we are adding the most recent developments to the beginning of the list, and deleting or updating things that have changed since they were listed in earlier posts.  

Here’s what we and our lending partners are doing to make things as easy as possible.

As we get more guidance from Fannie Mae, Freddie Mac, FHA, VA, our investors, and all the other partners we work with daily, we will be updating this list.

  • The underwriting guidelines for many types of loans have changed dramatically, and some loan programs are no longer available.  If you have a pre-approval from a lender that is more than a couple weeks old, contact
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Career in Real Estate

In the 2010s, more and more people decided to become self-employed due to the expanded opportunities for remote working due to innovations like the internet. In search of more flexibility and a better work/life balance, the rates of those becoming self-employed reached an all-time high. This is no different in the real estate industry. Although you might believe that working for an agency is the only option available to you, this is untrue, and there are many other career options that you can consider in the industry that may appeal to you. Read on to find out more about each of them.

Real Estate Agent

In July 2019, 16 million Americans were self-employed, and this number is continually growing. If you also want to consider the advantages of

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History Of Interest Rates in Denver

Many Denver Home Buyers have called us this week wondering if the rise in interest rates is the first step in a disastrous free-fall in Denver housing prices. While we don't pretend to know where Colorado housing prices will go, we thought it would be interesting to see where interest rates around Denver have been in the past.  Here is a list of the average Denver interest rate for a 30-year fixed rate mortgage over the past 45 years, in 5-year increments.  Also shown is the amount of points it cost to get that rate.  One point is 1% of the loan amount.and you pay that in closing costs. In short the rise in interest rates will not effect the Denver Real Estate Market in any drastic way, the main effect it that many…
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The fix could take another decade, new study finds

More than a decade after the Great Recession swept through Colorado and decimated an overbuilt real estate market, metro Denver is now experiencing the other extreme: a chronic tight supply of housing that is sending home prices and apartment rents skyward.

It could take another 10 years or more to correct the imbalance, according to a new report on Denver’s housing crunch that points to a complex set of factors confronting metro-area homebuyers and renters, particularly those on the lower end or entry level of the market.

Those include shortages of available land for residential development and workers in certain trades, a backlash against growth, low productivity in the construction business

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How To Turn $9,000 Into $85,115 In Just 5 Years Just Buying a Denver Area Home. 

Denver Mortgages Gain EquityBuying a Denver area home is a smart decision for your future. Here’s how you can potentially turn $9,000 into $85,115 in just 5 years? Kenna Real Estate's Loan Advisor Shawn Janusheske explains.

The Denver home market is appreciating at over 11% right now.  But if we take a conservative approach and use just 3% appreciation.  Here’s what can happen. Imagine what 11% looks like!

On a 300,000 home purchase, qualified homebuyers can put just $9,000 as down payment. 

In just 5 years that $300,000 home purchase would have appreciated in value to $347,728.

Plus the loan that started out at $291,000, after making 60 payments would have a remaining balance of

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Reverse Mortgages to Buy a Denver Area Home


For seniors hoping to purchase a Denver area home, a reverse mortgage could well provide the ideal solution. Securing a reverse mortgage for purchase is the ideal way for Denver based seniors to fund the move into the property they need for their aging years without dipping into their existing equity or taking on additional loans that they simply can’t afford.

The most common way that seniors choose to use a reverse mortgage is simply to enable them to remain in their existing home. The equity that the reverse mortgage releases is then used to cover the expenses so common amongst the elderly, such as home modifications, medical expenses, and the cost of in-home care. However if your existing home is

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Five Things You Probably Don’t Know About VA Loans   VA loans are the most misunderstood mortgage program in Colorado. Industry professionals and consumers often receive incorrect data when they inquire about them. In fact, misconceptions about the government guaranteed home loan program are so prevalent that a recent VA survey found that approximately half of all Denver Area military veterans do not understand it.   With this in mind, Kenna Real Estate would like to debunk the most common myths about Colorado VA Loans.   Myth #1: The VA loan benefit has a “one time” use. Fact: Veterans and active duty military can use the VA loan many times. There is a limit to the borrower’s entitlement. The entitlement is the amount of loan the VA…
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How this may affect qualifying for a Denver home | Filing Tax Returns

Filing Tax Returns How this may affect qualifying for a home loan As it comes time to file a new federal income tax return, there are a few important items to keep in mind; specifically when it comes to obtaining a Denver home loan. Until April, when the tax fi ling deadline approaches (generally April 15), lenders will use the proceeding 2 years filed tax returns to calculate income for a Denver home loan.

2014 Tax Returns

  Below are a few items that can affect your Denver home loan pre-qualification:

• Declining Income from year-to-year - if your income has declined from the previous year to the current tax fi ling period, this may be a problem. Be sure to discuss with your lender.

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TERRIFIC HUD HOME BUY! 2,000 Square Feet HOME FOR SALE 6195 W. 75th Place, ARVADA, CO 80003!

2 Bedrooms, 1 Bath, NEARLY 2,000 SQUARE FEET FOR $195,000! IT A MUST SEE HUD HOME! AND IT IS IN GOOD SHAPE!

 

If you want to get first DIBS at this place -  Call us IMMEDIATELY to see this home!

Click here to see the full listing. To schedule to see this ARVADA, CO HUD home or to place a bid contact us. Bidding is done online via a HUD designated broker and follows particular procedures set for HUD home purchases.

 

For pictures of this great place click HERE!

Call us to see other available HUD homes in Denver area.

For more information, to check availability, or to schedule an appointment to see this, or any other HUD home contact us

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TERRIFIC HUD HOME BUY! 1,394 Square Feet HOME FOR SALE 19011 E. 58th Ave.,  Denver, CO 80226!

3 Bedrooms, 2 Bath, OVER 1,390 SQUARE FEET FOR $142,000! IT A MUST SEE HUD HOME! PLUS IT IS IN TERRIFIC SHAPE!

 

If you want to get first crack at this place -  Call us IMMEDIATELY to see this home!

 For pictures of this great place click HERE!

Click here to see other available HUD homes in Denver area.

For more information, to check availability, or to schedule an appointment to see this, or any other HUD home contact us

If you want to get first crack at this place -  Call us IMMEDIATELY to see this home!

For more information, to check availability, or to schedule an appointment to see this, or any other HUD home contact us

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Listing information last updated on July 8th, 2020 at 4:45am MDT.