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 […]
Wondering if you’re too old to buy a home?
There are certainly few things in life we’re too old to do. However, when it comes to buying a home, you’re never too old. Many baby boomers never bought a home in their younger years and some baby boomers lost their home in the 2007 to 2012 recession. Baby boomers were born between 1944 and […]
Selling or buying a home with solar
Today, most of the solar panels you see are photovoltaic (PV), which produce electricity for the home or provide power back to the grid. In the 1980s, there was a significant 70% Federal tax credit available if you added solar panels to your home. At the time, we saw solar panels on rooftops popping up […]
Financing options for renovation or fix-and-flip
Springtime has arrived and people are thinking about major renovations, repairs, or restorations on their home or even purchasing a home for fix-and-flip. Springtime has arrived and people are thinking about major renovations, repairs, or restorations on their home – or even purchasing a home for fix-and-flip. Here are a few options to consider […]
Homebuyers gain purchasing power with higher loan limits
It is very tough to “outsave” an appreciating real estate market. As 2021 begins, today’s homebuyers are frustrated with the scarce inventory of homes to choose from across all price ranges. Shrinking inventory has put upward pressure on home prices across the country. In fact, the Federal Housing Finance Agency (FHFA) determined that the average […]
Owner financing in real estate
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 […]