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Fannie Mae Brings Back 3% Down-Payment Program for Colorado First-Time Home Buyers

After a Thirteen (13) month hiatus, Fannie Mae has officially announced that they will relax their underwriting guidelines, and increase their maximum loan-to-value (LTV) ratio  requirement from 95% back up to 97%, which means that eligible Colorado first-time home buyers will only have to come up with a 3% down-payment when purchasing a home. This […]

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Fannie Mae and Freddie Mac Increase Conforming Loan Limits for the Denver Metro Area

2015 Conforming Loan Limits:  No Change on National Level For the tenth (10th) year in a row, the Federal Home Finance Agency (FHFA) will keep it’s conforming or conventional mortgage loan limit at $417,000. However, for all the Denver Metro Counties, which include Adams, Arapahoe, Broomfield, Douglas, and Jefferson Counties, the conforming mortgage loan limit […]

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How To Payoff My Mortgage in 12 Years or Less?

It’s the American Dream right?  To own a home that is free-and-clear of mortgage debt.  If it’s not a dream of yours, it’s at least a goal for most to achieve before retirement…right?  You plan for a future that entails you  not having to make mortgage payments on a home once you’ve retired from the workforce.  […]

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Colorado Mortgage Interest Rate Advice for Week of July 28, 2014

How Rates Move: Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market.  This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events.  […]

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The Cost of Waiting to Purchase a Home in Denver Colorado

I’m one of those that enjoy listening to talk shows on the radio.  I’m a big sports fan, and so I tend to gravitate to sports talk radio, The Dan Patrick Show, Under Center with McNabb and Malone, and many of the local shows.  It’s been awesome as of late, with our own Denver Broncos […]