The coronavirus has led to an unprecedented spike in unemployment in across the nation. During the Great Recession from 2008 to 2012, the highest number of people without jobs reached 15.3 million. Now, over 26 million workers have filed jobless claims in a five-week period, according the U.S. Department of Labor. Combine that with the […]
Coronavirus Financial Relief With a Reverse Mortgage – Part 1
If you are over 62 years of age, you could be a candidate for a reverse mortgage. (Photo: Joe Hepburn, Unsplash). The economic effect of the coronavirus pandemic been global. Retirees have seen their retirement nest eggs shrink over the last couple of months. Yet, as we have seen in the past, markets usually […]
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 […]
Celebrating VA homebuying benefits
We just celebrated Veterans Day this past week and I want to start off by thanking all the Veterans who have served or are currently serving our country. Veterans often do not get thanked enough for their tremendous courage and sacrifice. At least one of the ways they do receive thanks is through the opportunity […]
Co-signing a Mortgage for a Relative — Should I or Should I Not?
As prices of homes have increased steadily, it has been more difficult for first-time home buyers to enter the real estate market. Often first-time home buyers will turn to relatives to help with a down payment or co-signing on the loan. However, all parties involved need to go in with their eyes wide open […]
Home Mortgage Loan Limits – Recent Changes!
Duane Duggan, with the Boulder Property Network at RE/MAX of Boulder, interviews Jessica Shanahan from Premier Lending about loan limits and the rule changes we are facing today. Who are these loan limits set by? Has Boulder County’s loan limit increased or decreased since last year? How have the surrounding counties changed in comparison to […]
How the 2018 Tax Reform Act affects Mortgages
Duane Duggan, with the Boulder Property Network at RE/MAX of Boulder interviews Jessica Shanahan from Premier Lending regarding how the new 2018 Tax Reform Act affects mortgages? How much does this act affect mortgages? Did the mortgage interest deduction increase or decrease for primary residents? Are the specific mortgages that won’t be affected?
Can foreign nationals purchase real estate utilizing a mortgage?
Duane Duggan, with the Boulder Property Network at RE/MAX of Boulder, interviews Jessica Shanahan, of Premier Lending, to learn more about how a foreign national may use a mortgage to purchase a home. What are the requirements to get a loan? Do you have to have a special Visa? How does someone get started with […]