Winter is Here!  What a great day to get out and take your kids sledding in a nice local park. It is free and family friendly. Specifically, Jefferson Park in Denver, Colorado.  Click the picture above to figure out directions, parking and where people are sledding in the park. There is even a Denver RTD stop on the north side of the park.    Jefferson Park is just west of I-25 along the south side of 23rd between Federal Blvd and I-25.  Need anything while you are here? Hungry? Groceries? Coffee? Kids Adventures? Click the map to explore some great local spots such as Santiago's, The Aquarium and the Children's Museum.  Other Community Information for Jefferson Park Schools for Jefferson Park  Jefferson Park Commuinity Facts and Statistics Jefferson Park Real Estate Market Informationt... 02/02/2014

Jefferson Park Real Estate in Denver   What Makes People Choose Jefferson Park? Jefferson Park attracts Denver home buyers for a multitude of reasons. It is named for the 6.7 acre park located in the heart of the community. It gives residents that commute easy access to both I-25 and the downtown area including many of the popular local attractions such as the Denver Aquarium, Children's Museum and Mile High Stadium the home of the Bronco's. Recently going through a revitalization, Jefferson Park gives great value to home buyers looking for a neighborhood that has incredible city views. There are a range of renovated homes, newer townhomes and condo's to choose from. Do You Want to Make a Move to Jefferson Park? Take a look at the Jefferson Park Real Estate in Denver with total access t... 01/04/2014

Jefferson Park Homes for Sale in Denver   Why Do People Live in Jefferson Park?   People choose Jefferson Park for its convenient location to local amenities, public transportation and easy commute. Jefferson Park has been experiencing a renaissance since the 1990’s with large scale investments into infrastructure, development and beautification. Jefferson Park’s is one of the hottest communities in Denver and its future looks bright.   Looking for a Home in Jefferson Park?   If interested in seeing the complete list of  currently available Jefferson Park homes for sale in Denver, simply check out this site to take a look. The list is updated several times daily to present the latest listings available.   What’s the Jefferson Park Neighborhood Like?   The community who’s name comes from... 12/06/2013

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-employed borrowers are using funds from business lines of credit to fund down payments or renovations (please note: there are asset seasoning guidelines for doing so and the debt incurred by accessing other credit lines must be accounted for against the borrower's debt-to-income ratio). Thus, we have clients leveraging themselves with other homes they own in order to get in with little or nothing down.  There are exceptions, but practically every lender requires Full Income Documentation on any invest... 12/11/2008

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), the investor has not recovered their initial investment.  The investor will attempt to recover their loss from the lender, who will ultimately come after the loan originator.  The loan originator would then be obligated to pay back any premium paid out by the lender.  If such activity becomes habitual with the loan officer, the lender can cease doing business with them and their firm.   Furthermore, conventional loans require conventional appraisals.  The lender will require that the home is a)... 12/11/2008

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 a high cost city like San Francisco, yet there will still be higher rates for going above $417K.  Due to the size of jumbo loans, they are considered greater risk for lenders, resulting in higher rates.  Rates have fluctuated greatly over the past few years on jumbos.  As of today, a 30 year fixed could range from 7% - 8%; a full point higher than the prime rate below a loan amount of $417,000.  Five year ARMs are popular on jumbo loans, as they typically price out a half point lower than fixed pr... 12/11/2008

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 rates and terms still exist for owner occupied purchasers seeking a conforming loan limit (under $417,000).  FHA and VA can still lend up to 100% LTV and conventional permits up to 97% LTV.  There are certain guidelines to meet when going to these high LTVs, but they are not impossible to surmount.  Every home buyer should first ask themselves what payment they feel comfortable in committing to on a monthly basis.  Too many buyers over-extended themselves in recent years on homes they simply could... 12/11/2008