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The Best Down Payment Grant for Colorado Homebuyers

One of the most misunderstood benefits for potential Colorado Homebuyers in today’s real estate market, are the multitude of Down-Payment Assistance (DPA) Programs available in Colorado for not only first-time homebuyers, but repeat homebuyers, and even homebuyers who plan to keep another home as a rental. By far the best DPA (down payment assistance) available […]

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When is it Smart to Refinance into a Shorter-Term Mortgage in Colorado?

Recent data reflects that Colorado homeowner’s are abandoning their 30-year fixed mortgage loans and opting to refinance into a shorter-term mortgage loans at a pace not seen for nearly 8 years. Last quarter 43% of U.S. homeowners refinanced out of their 30-year mortgage loan, in favor of a shorter-term mortgage loan, equating to 2 our […]

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Colorado Mortgage Interest Rate Advice for Week of Feb 17, 2014

Last Week’s Mortgage Rate Recap Mortgage Rates Currently Trending: SLIGHTLY HIGHER Last week saw rates worsen slightly, with the MBS (mortgage-backed securities) market ending the week -82 basis points worse than we started.  By far, the biggest event that impacted mortgage rates was new Federal Reserve Chair Janet Yellen’s first time up in front of […]

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Eligible Veterans Qualify for No Down-Payment & Home-Buyer Tax Credit

For eligible Veterans of the Military, the VA Mortgage Loan Program from the U.S. Department of Veterans Affairs is one of the best mortgage loan programs available. The VA Loan is designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry). The basic intention of the VA […]

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Weekly Mortgage Interest Rate Advice – February 10, 2014

Why does the Non-Farm Payroll report affect mortgage rates? On Friday, the Non-Farm Payroll report came in much weaker than expected (134k new jobs vs the estimates of 185k), and helped stabilize mortgage rates once again.  Have you ever wondered why a single report could have such a huge effect? The non-farm payroll figure (a.k.a. […]