ARCHIVED BLOG POSTS
2008
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www.idahospringsmortgage.com In an effort to service more of Colorado Summit Home Mortgage now has a branch in Idaho Springs Colorado. Idaho Springs is in Clear Creek County just west of Floyd Hill. Our office is on Colorado Blvd about 1 mile west of the I-25 off ramp. New Address: In the RE/MA...
10/23/2008
Michael Shotnik Refinance Specialist Link: refinance-denver.com Most people go through their day to day routine and don't consider how their mortgage could be improved to reduce stress, put more money in the bank, get rid of those high interest credit cards or create financial security. If it's...
10/12/2008
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Michael Shotnik Mortgage Banker Denver, CO Link: denver1stmortgage.com FHA Down Payment Confusion With new FHA changes (HR 3221) taking affect on October 1st there has been a lot of confusion regarding the down payment required for FHA loans. A lot of realtors were informed that starting O...
10/10/2008
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Michael ShotnikFirst Home - Loan Specialistmshotnik@summit-mortgage.com denver1stmortgage.com Mortgage Broker vs. Mortgage Banker Mortgage Broker A Mortgage Broker is an intermediary between the borrower and the lender. Most mortgage brokers represent multiple lenders and will wor...
10/09/2008
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Michael Shotnik, Direct Mortgage Banker Denver1stmortgage.com Fed rate cut The Fed cut its key lending rate by .5% before the market opened this morning. The market reacted positively for about an hour and then sold off as a result of higher expectations for the Fed cut. Wall Street is remainin...
10/08/2008
PRESS RELEASE For Immediate Release Contact: Michael Shotnik Tel. 303-800-4595 Email: mshotnik@summit-mortgage.com LOCAL MORTGAGE COMPANY GROWING IN WORST HOUSING CRISIS IN 20 YEARS Summit Home Mortgage, Denver Mortgage Company If you're not growing you're withering. This is the philosophy Sum...
10/07/2008
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Michael ShotnikDenver Refinance SpecialistVisit our websiteApply Onlinemshotnik@summit-mortgage.com Refinance with Confidence. With all the market volatility and the downward trend in the stock market mortgage rates have been about the only bright spot. If the fed decides to cut short term rates ...
10/06/2008
The 3 most important factors to be aware of before buying your First Home:1. Income2. Credit3. Assets 1. Income. To borrow the amount of money needed to buy a home you will need to show strong employment history. Any job gaps will need to have a make sense explanation and everything must be doc...
10/05/2008
First Time Homebuyer Tax Credit - Q&A I think there are a few misconceptions about the First Time Homebuyer Tax Credit. Hopefully the Q&A below will help you understand how it may help you and the economy. It may be difficult to completely grasp, don't hesitate to contact me if you don't comple...
10/03/2008