15-Year Fixed-Rate Mortgage Hits Record Low

Photo via DSNews

Homebuyer affordability is at a record low with the 15-year fixed-rate mortgage resting at 3.13%.  A year ago monthly payments for a $200,000 15-year fixed-rate loan at 4.15% would have cost the homeowner $1,494.00, today the same loan would come to $1,394.00, a savings of $100. CNN reports that "Buying a home is now more affordable than it has been in the last … [Read more...]

How To Adjust To Your New Home

Photo via The Denver Post

Are you new to the Denver area? Are you having a difficult time getting settled into your new home? Moving into a new home, especially if you aren't from the area, is an adjustment for the entire family. Recently the Denver Post listed some tips on "Making a new town feel like home."  Here are some great ideas to help you and your family settle into your new … [Read more...]

Tax Rules for Giving a Down Payment for a Home as a Gift

Tax Rules for Giving a Down Payment on a Home as a Gift

Are you thinking of giving your child, relative or friend a down payment for a home in the Denver area? Have you been given a magnanimous amount of money to put down on your first home? It's more common than you may think. Roughly one-quarter of first-time home buyers receive a down payment gift from relatives or friends. Before you decide what to do … [Read more...]

Denver Mortgage Rates Hit New Record Lows

Denver Mortgage Application

As Denver mortgage rates continued to drop earlier this month, housing affordability increased considerably, putting potential home buyers in a very enjoyable position. 30-year fixed-rate mortgage rates have now been under four percent for six weeks in a row, the longest streak of these historically low figures. These new record lows were made possible by … [Read more...]

What’s Your Reason for Owning a Home in Denver?

Denver Homeownership

No matter if you are a first-time home buyer or a seasoned professional on the hunt for the perfect investment property, homeownership is a goal for many across the nation and in the city of Denver. What is your reason for owning? Owning your first home is a big step that many feel is necessary to begin building equity and settling down. 81 percent of homeowners … [Read more...]