Blog Entries Tagged: Finance

Tagged : Finance

Found 3 blog entries tagged as "Finance".

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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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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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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