Explore Broomfield, CO

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 Holly Vaccaro
(Your Castle Real Estate)
Comments 1
You walk into a property you're looking to buy and rent and you walk down into the basement and voila! you find a full second kitchen.   Great!  You start calculating how much rent you could get if you could rent the downstairs separate from the upstairs and the cashflow is out of this world!  Bu...

By Holly Vaccaro
(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 Katy Tuleja
(Your Castle Real Estate)
Comments 1
This blog will discuss a type of real estate investment, fix and flips, in the Broomfield area in Denver.   What this investment is:  Purchasing a home that needs work.  The scope can range from the basic "paint and carpet" to extensive overhauls to scraping a decrepit property and completely sta...

By Katy Tuleja
(Your Castle Real Estate)
Comments 2
This blog will discuss a type of real estate investment, large apartment buildings, in the Broomfield area in Denver.   What this investment is:  Still targeting tenants for 6-12 months at a time, buildings with more than five units are considered "commercial" property.  The loans are more diffic...

By Katy Tuleja
(Your Castle Real Estate)
Comments 1
This blog will discuss a type of real estate investment, small apartment buildings, in the Broomfield area in Denver. What this investment is:  Purchase of duplex, triplex or quadplex to be rented to tenants, usually for 6-12 month terms.  Usually what the rental home / condo landlords graduate t...

By Katy Tuleja
(Your Castle Real Estate)
Comments 1
This blog will discuss a type of real estate investment, rental condos or rental homes, in the Broomfield area in Denver. What this investment is:  Purchase of a residential property to be rented out to tenants, usually on a 6-12 month lease term.  This is how most new landlords get started.  You...

By Katy Tuleja
(Your Castle Real Estate)
Comments 0
This blog will discuss a type of real estate investment, assignments, in the Broomfield area in Denver. What this investment is:  An investor who is interested in Assignments gets a property under contract for an attractive price then assigns the contract to another buyer, usually another investo...

By Katy Tuleja
(Your Castle Real Estate)
Comments 1
The talk around the water cooler these days is all about LOANS. Who can get them? At what price? What if I already have a few loans, do I still qualify?  A year or two ago the question was at what price do I get a loan (those were the days!).  Today it is "am I still in the game?"       Here's th...

By Katy Tuleja
(Your Castle Real Estate)
Comments 0
A LOT of agents don't advise their clients to get sewer scopes when they purchase a property. This is a major mistake.  A broken sewer can cost between $3,000 - $10,000 dollars to repair and it only costs $99 ($99Rooter - others are more expensive) to have a tech put a camera down the sewer pipe ...

By Katy Tuleja
(Your Castle Real Estate)
Comments 0
A lot of clients ask me how to figure out what market rents are in a neighborhood. This is a critical input into the calculations an investor needs to make in order to determine what their return on investment will be on a rental property. So you don't want to screw this up!  Unfortunately, this ...

By Katy Tuleja
(Your Castle Real Estate)
Comments 0
As investors we face a number of very real and very scary challenges. Making sense of this market is no mean feat and one has to be very careful with his or her investment. However, we usually think about danger as financial. Unfortunately, on rare occasion it can be even worse than that. The maj...

By Katy Tuleja
(Your Castle Real Estate)
Comments 0
A lot of investors ask what an egress window is and when one is needed. Technically, it's a window for a room below grade that a municipality has deemed large enough to be safe for exit in case of emergency.   While there are some variations, the window needs to be large enough that a firefighter...

Broomfield, CO Real Estate Professionals