Sometimes the condition of the home to be renovated keeps the buyer from obtaining more traditional financing for the purchase. (Photo: Brett Jordan, Unsplash). The housing supply in the core and close-in areas of our Front Range cities is aging, especially in the single-family home category. There is a strong desire to live in […]
Financing options when interest rates rise
The 30-year mortgage has been the mainstay of American homebuying for decades. The 30-year mortgage came about as a result of the housing crisis of the 1920s. Back then, a typical mortgage was three to five years with a variable rate, and payments only covered the interest. Often, large down payments were required. The most […]
Rising mortgage rates…To lock or not lock? That is the question!
To lock or not to lock, that is the home buyer’s choice. However, buyers need to understand this is a commitment from both the mortgage lender and themselves to close at the agreed upon interest rate. (Photo: Pexels). Over the last several years we have enjoyed record-low mortgage rates with a sense of stability. The most […]
Buying a multi-unit with owner-occupied FHA Financing
With the right planning, buying a multi-unit and living in one of the units could be a great way to start your real estate investment portfolio. (Photo: Pexels). When most people think of buying a home, condos, townhouses, or single-family houses usually come to mind. It is very rare that you might think of buying […]
Buying or refinancing your home with an interest-only loan
Another tool to help buyers in an accelerating market is the interest-only mortgage. (Photo: Karolina Grabowska/Pexels). The 30-year fully amortized loan has been the mainstay of real estate financing in the U.S. for decades, yet market conditions often bring about different types of mortgages to help buyers get into a home. At one time, there […]
Owner Financing Real Estate in Colorado
By Duane Duggan, Realtor, RE/MAX of Boulder Published in Daily Camera’s At Home section on Nov. 1, 2019 Owner financing is when a real estate owner has enough equity to loan all or part of the money for a buyer’s purchase of their real estate. Carrying the financing on a home can be an attractive […]
Investor Financing Information
Premier Mortgage’s Trevor Bellows sits down with Duane Duggan to discuss Investor Financing. As an industry leader, RE/MAX of Boulder strives to inform the community of pertinent, beneficial content. Duane Duggan, a RE/MAX of Boulder Broker Associate and REALTOR with decades of experience, hosts a variety of dynamic and accredited guests.