Mortgage and Financing 
Articles and information on the Mortgage Industry and News in Colorado. Information on financing programs, interest rates, the process and Denver specific mortgage tips and information.
There are currently 7 blog entries related to this category.
WSJ's Surpringly Optimistic Take on the Housing Market in 2011
Tuesday, March 1st, 2011 at 2:33pm. 104 Views, 0 Comments.
Good reasons on why 2011 is a good year to buy and why it may be the end of the worst for the housing market...
http://online.wsj.com/article/SB10001424052748703796504576168822497423738.html?KEYWORDS=housing+recovery
Farewell 2010...What to Expect in 2011?
Friday, December 31st, 2010 at 2:36pm. 84 Views, 0 Comments.
First and foremost, we want to say thank you to all of our clients, friends and colleagues for a great 2010. We are grateful to work with such amazing people on a daily basis and we look forward to an outstanding 2011.
This has been an interesting year of highs and lows in our business - from gradual increases in housing prices and sales to record low mortgage rates. So what will 2011 bring? For some insight, follow the link below...
http://www.inman.com/buyers-sellers/columnists/tara-nicholle-nelson/top-homebuying-selling-predictions-2011
Have a safe and happy New Year's and all the best in 2011!
Sincerely,
The Metropolitan Group
And You Were Thinking of Registering for China…
Monday, November 29th, 2010 at 3:45pm. 112 Views, 0 Comments.
Beginning Dec. 13, Fannie Mae will allow home buyers to use gifts and grants as their down payment on a single-family home. Up to 5% of the purchase price, given by family or other sources, can be used for the required down payment. Traditionally, buyers were required to produce down payments from their own funds. Now buyers can turn to their parents, grandparents, siblings, friends…the list goes on! To read more on Fannie Mae’s new lending guidelines, visit the link below. Have a great day!
http://www.realtor.org/rmodaily.nsf/pages/News2010112604
The Cinderella of Mortgages?
Friday, October 15th, 2010 at 11:40am. 44 Views, 0 Comments.
The FHA 203(k) loan has been around since 1978 but according to many, has been underused and overlooked. Unfortunate given its strengths. It’s a loan program that gives buyers the benefits of an FHA loan – 3.5% down, good rates – with the added bonus of being able to roll some of the cost of rehabbing or renovating a property into the principal loan amount. This is a great option for buyers looking at foreclosed or neglected homes, although there are, of course, limitations and restrictions. For more on 203(k) loans, click the link below or send us an email!
http://www.denverpost.com/realestate/ci_16278045
Bond Yields Push 30-Year Mortgage Rates to Highest Level in Eight Months
Friday, April 16th, 2010 at 1:45pm. 156 Views, 0 Comments.
Bond Yields Push 30-Year Mortgage Rates to Highest Level in Eight Months
McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.21 percent with an average 0.6 point for the week ending April 8, 2010, up from last week when it averaged 5.08 percent. Last year at this time, the 30-year FRM averaged 4.87 percent. This is the highest the 30-year FRM has been since the week ending August 13, 2009 when it averaged 5.29 percent.
The 15-year FRM this week averaged 4.52 percent with an average 0.6 point, up from last week when it averaged 4.39 percent. A year ago at this time, the 15-year FRM averaged 4.54 percent. This is the highest the…
Rent or Buy?
Thursday, April 15th, 2010 at 10:25am. 133 Views, 0 Comments.
We have all been told that buying rather than renting is a way to increase our long term wealth and financial stability. But how does it actually help keep money in my pocket, especially with the costs of a down payment and potentially a higher monthly mortgage than my current monthly rent? Well it certainly takes some long term planning, and more of a commitment to a property than renting does, but by building equity, and realizing tax benefits of home ownership (among other things), buying a property is almost always a more financially sound decision than renting. At the Metropolitan Group, we work with renters as well as buyers and sellers, and are here to help regardless of what the right decision is for you personally. The article below helps lay out…
Buying a Home and your financial foundation
Thursday, April 1st, 2010 at 11:03am. 84 Views, 0 Comments.
With all the options available, now is a great time to think about buying a home. For many first-time homebuyers it can be a nerve-wracking experience not knowing what steps to take.
The first thing to do before you make the decision to purchase a home is make sure your financials are in order.
1. Check your credit report. You can request a free credit report from any one of the three credit bureaus: Equifax, Experian, TransUnion.
Your credit score, or “FICO score,” is essential in qualifying you for an interest rate on your home loan.
Here’s an example of how much a FICO score can affect your monthly mortgage payment:
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FICO®
scoreAPR Monthly payment (30
yr. fixed mortgage)760-850 4.685% $1,553 700-759 4.906% $1,593