Owner financing is an alternative to a using a mortgage lender or bank. (Photo: Pexels). Owner financing is an alternative to a using a mortgage lender or bank. Also known as seller financing, owner financing is when a real estate owner has enough equity to loan all or part of the money for a buyer’s […]
Alternatives to Foreclosure in a Coronavirus World
Even in good markets, unexpected events or circumstances happen. People lose jobs, suffer health issues, and for a variety of reasons, are unable to make their mortgage payments. The coronavirus crisis has created a level of job loss never before seen in history. When a homeowner gets behind in their payments, they usually don’t know […]
Coping with the high price of real estate: Should I find a co-signer?
One option for first-time home buyers is to look for a co-signer. There are many ramifications of being a co-signer and this makes a close relative or loved one the best choice. Prices of homes have been steadily increasing in Boulder County for years. As these prices have risen, it has been more difficult for […]
First-time homebuyers, now is the time
It is never easy to be a first-time homebuyer, but now is the time to pay attention and get rolling to purchase a home. Interest rates are low and financing programs are available with lower than 20 percent down payment required. It’s never been easy to be a first-time homebuyer, especially in Boulder County. It […]
Real Estate: Refinance or not?
When interest rates drop, you might wonder whether or not it makes any sense to refinance. Interest rates for a 30-year mortgage loan are currently below four percent, continuing the opportunity to refinance at a historically low rate. When interest rates drop, you might wonder whether or not it makes any sense to refinance. Unfortunately, […]
How to remove PMI from your Mortgage Payment
Duane Duggan, with the Boulder Property Network at RE/MAX of Boulder, sits down with Jessica Shanahan of Premier Lending to discuss the hot topic: How to remove PMI. What does PMI stand for? What is the main thing PMI accomplishes for the borrower? What are the steps that need to be taken in order for […]
Locking Mortgage Interest Rates 101
Duane Duggan, with the Boulder Property Network at RE/MAX of Boulder, sits down with Jessica Shanahan of Premier Lending to discuss the hot topic of locking interest rates on a mortgage. How is a “lock” defined financially? Are there any requirements that need to be met in order to be eligible for a lock? How […]