Explore Broomfield, CO

By Sean Mathes
(Your Castle Real Estate)
Comments 0
What is a FICO score?FICO stands for Fair Isaac Corporation, a company that created the most used credit scoring model in the United States.  An individual’s credit score is calculated through a statistical algorithm and is used as a factor in determining the likelihood of a borrower defaulting o...

By Sean Mathes
(Your Castle Real Estate)
Comments 0
There are some signs of strengthening in our Denver market.  The metro area's inventory of available resale housing decreased 20% to 23,120 units in October from October 2007.  Some of this reduced inventory is attributed to homeowners taking their properties off the market in frustration because...

By Chris George
(Your Castle Real Estate)
Comments 0
Loan Considerations for Buy and Hold Investors As far as investment loans, little or no money down loans are impossible.  However, lenders do permit the use of Home Equity Lines of Credit or second mortgages from other properties owned by the borrower as a source of down payment.  Or, self-employ...

By Chris George
(Your Castle Real Estate)
Comments 0
Loan Considerations for Fix & Flip / Short-Term Investors Securing conventional financing on a fix & flip or short-term loan is not recommended.  Most conventional lenders sell off their mortgages to investors on the secondary market.  If the loan is paid off early (before six payments are made),...

By Chris George
(Your Castle Real Estate)
Comments 0
Loan Considerations for Jumbo Mortgages   For the Greater Metro Denver area, any loan amount greater than $417,000 is considered a jumbo loan.  Fannie Mae and Freddie Mac assign different thresholds for various regions across the country.  For instance, $417,000 is not considered a jumbo loan in ...

By Chris George
(Your Castle Real Estate)
Comments 0
Loan Considerations for Loan Amounts Between $200K - $417K   With all the doom and gloom publications that are mostly exaggerated, many potential borrowers believe that home mortgage lending options have dried up.  While underwriters and investors are scrutinizing files more closely, attractive r...

By Chris George
(Your Castle Real Estate)
Comments 0
  FHA First-Time Buyer Tax Credit   In an effort to boost the sagging real estate market and overall economy, first-time home buyers are being offered a limited time tax credit when purchasing a primary residence.  The highlights of the tax credit are: ·  The tax credit is available for first-tim...

By Chris George
(Your Castle Real Estate)
Comments 0
Loan considerations for a first time buyer   Lending guidelines are changing on a daily basis for every type of loan: conventional, FHA, VA & commercial.  Nevertheless, there are still very attractive first-time home buyer options available.   If you are or will be a first-time buyer, it is criti...

By Chris George
(Your Castle Real Estate)
Comments 0
How can you improve your FICO score? To improve one’s credit score, it’s critical to understand the factors influencing a credit score.  The factors that contribute to a FICO score and the weighted percentages for each are as follows: 35% — timeliness of payments 30% — the ratio of used debt to a...

By Chris George
(Your Castle Real Estate)
Comments 0
  How does your FICO score impact your interest rate on your loan? Low credit scores are deemed greater risk for lenders since the likelihood for defaulting on the loan increases.  As such, lower FICO scores translate into higher interest rates.  Mortgage lenders will group credit scores in a ran...

By Chris George
(Your Castle Real Estate)
Comments 0
What is a FICO score? FICO stands for Fair Isaac Corporation, a company that created the most used credit scoring model in the United States.  An individual’s credit score is calculated through a statistical algorithm and is used as a factor in determining the likelihood of a borrower defaulting ...

By Chris George
(Your Castle Real Estate)
Comments 0
TOPIC: Improving conditions in Denver’s  market There are some signs of strengthening in our Denver market.  The metro area's inventory of available resale housing decreased 20% to 23,120 units in October from October 2007.  Some of this reduced inventory is attributed to homeowners taking their ...

By Todd Barton
(Your Castle Real Estate)
Comments 0
Loan Considerations for Buy and Hold Investors       As far as investment loans, little or no money down loans are impossible.  However, lenders do permit the use of Home Equity Lines of Credit or second mortgages from other properties owned by the borrower as a source of down payment.  Or, self-...

By Todd Barton
(Your Castle Real Estate)
Comments 0
Loan Considerations for Fix & Flip / Short-Term Investors     Securing conventional financing on a fix & flip or short-term loan is not recommended.  Most conventional lenders sell off their mortgages to investors on the secondary market.  If the loan is paid off early (before six payments are ma...

By Todd Barton
(Your Castle Real Estate)
Comments 0
Loan Considerations for Jumbo Mortgages   For the Greater Metro Denver area, any loan amount greater than $417,000 is considered a jumbo loan.  Fannie Mae and Freddie Mac assign different thresholds for various regions across the country.  For instance, $417,000 is not considered a jumbo loan in ...

By Todd Barton
(Your Castle Real Estate)
Comments 0
Loan Considerations for Loan Amounts Between $200K - $417K   With all the doom and gloom publications that are mostly exaggerated, many potential borrowers believe that home mortgage lending options have dried up.  While underwriters and investors are scrutinizing files more closely, attractive r...

By Todd Barton
(Your Castle Real Estate)
Comments 0
FHA First-Time Buyer Tax Credit    In an effort to boost the sagging real estate market and overall economy, first-time home buyers are being offered a limited time tax credit when purchasing a primary residence.  The highlights of the tax credit are: ·   The tax credit is available for first-tim...

By Todd Barton
(Your Castle Real Estate)
Comments 0
Loan considerations for a first time buyer    Lending guidelines are changing on a daily basis for every type of loan: conventional, FHA, VA & commercial.  Nevertheless, there are still very attractive first-time home buyer options available.   If you are or will be a first-time buyer, it is crit...

By Todd Barton
(Your Castle Real Estate)
Comments 0
How can you improve your FICO score? To improve one's credit score, it's critical to understand the factors influencing a credit score.  The factors that contribute to a FICO score and the weighted percentages for each are as follows: 35% - timeliness of payments 30% - the ratio of used debt to a...

By Todd Barton
(Your Castle Real Estate)
Comments 0
How does your FICO score impact your interest rate on your loan?    Low credit scores are deemed greater risk for lenders since the likelihood for defaulting on the loan increases.  As such, lower FICO scores translate into higher interest rates.  Mortgage lenders will group credit scores in a ra...

Broomfield, CO Real Estate Professionals