The big news today is that the First Time Buyer Tax Credit was extended and expanded to include move up buyers. Here is the link to the new release from the National Association of Realtors: http://images.skem1.com/client_id_5040/attachments/NAR_Tax_Credit_Brief.pdf We should have more details in the next few days so feel free to give my office a call […]
1st Time Homebuyer Credit Expiring Soon!
The First-time Homebuyer’s Credit of 2009 is currently due to expire on December 1st, 2009. There is still time to take advantage of this great Tax CREDIT which is equal to 10% of the purchase price of your home up to $8,000! Click here for an informational brochure on the First-time Homebuyers Credit and then […]
First Time Buyer Tax Credit and Down Payment
Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, or put down more than the minimum 3.5 percent. The loans can’t be used to cover the minimum 3.5 percent, senior HUD officials told reporters on a conference call Friday […]
HASP: Homewoner Affordability and Stability Plan
2009 has been a year of new words. HASP means Homeowner Affordabilty and Stability Plan This plan is for helping those with Fannie Mae or Freddie Mac loans. If you meet all the qualifcations, you may be able to refinance a high Loan to Value loan using guidelines not previously allowed at an attractive interest […]
First Time Buyer Tax Credit-FHA Announcement!
FHA announced yesterday that FHA buyers will be able to use the $8000 tax credit toward their down payment. Along with the low interest rates, this is the best time ever to be a first time buyer! For more details on this recent annoucement, check out the link below: http://www.realtor.org/press_room/news_releases/2009/05/re_summit
Carbon Monoxide Detector Law in Colorado goes in effect 7-1-2009
The recents deaths from carbon monoxide poisoning in homes has prompted the state legislature to create House Bill 1091. In short, if you are going to be selling or renting a property after 7-1-2009 you will be required to have a carbon monoxide detector in the property. In fact, our listing contracts will be changing as of […]
Loan Modifications
I have had many inquiries about the possibility of modifying mortgage loans. A loan modification is the changing of terms of the loan, such as the interest rate. When a lender has to go all the way through a foreclosure process, it gets very expensive. To lower the interest or adjust the payment structure can […]
RE/MAX International Convention
Wow! Convention week here in Las Vegas! I’ve only been here one day and am overwhelmed with new ideas on how to help my clients in this market. I’m always amazed how few agents from my area actually attend the convention. I come every year and still don’t feel like I am 100% up to […]
FNMA Loan Limits increase!
Everyday has news in the real estate financing world. The conforming loan limit in Boulder County is now $460,000 instead of $417,000. While this won’t be much help for the upper prices ranges, it is a step in the right direction for helping getting homes sold.
Boulder CO in Top 20 House Price Appreciation
Boulder CO Standard Metropolitan Statistical Area ranks 17th in house price appreciation, out of 381 SMSAs. According to www.ofheo.gov, for the end of the year 2008, the Boulder SMSA had 2.99% appreciation. If you’re wondering where #1 is……..Decatur AL at 6.58%. It is interesting to note that the Boulder SMSA also includes Longmont. Longmont has had […]