This Month I will highlight the second of the five most important loan programs about which consumers need to know. The Colorado Housing and Finance Authority or CHFA was created in 1973 by the Colorado Legislature to address the shortage of affordable housing in the state. Since then, CHFA has established itself as the front-runner […]
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CHFA – The Second of the Five Most Important Loan Programs
Filed Under: Blog, Buying A Home, Buying in a Recession, Mortgages, Residential Real Estate Tagged With: 30 year fixed loan, Buy home, buyer, Christian Durland, credit score, Down Payment, Getting a Mortgage don'ts, home buyer, mortgage broker, mortgages
Foreclosure versus Short Sale
In these difficult economic times, I am commonly asked whether it would be better to have a short sale or a foreclosure on ones credit report. The answer is complicated and has lot of moving parts. A short sale shows up on your credit report as a “derogatory report”; however, it will usually show up […]
Filed Under: Blog, Buying A Home, Buying in a Recession, Credit, Foreclosure, Mortgages, Residential Real Estate, Short Sale Tagged With: A+ Credit Consulting, Buy home, buyer, Colorado Real Estate, credit counseling, credit score, Down Payment, foreclosure, Getting a Mortgage don'ts, green real estate, home buyer, mortgage broker, mortgages, Sarah Kahley-Rufo, short sale
5 Loan Programs You NEED To Know About
There are a few programs that may help you get a loan approved, make your purchase more affordable monthly, and/or lessen your need for a large down-payment. VA Loans, USDA Rural Development, HUD/FHA 203K, CHFA, and Purchase Reverse Mortgages.
Filed Under: Blog, Buying A Home, Mortgages Tagged With: 30 year fixed loan, Alaris Properties, Buy home, buyer, Christian Durland, Down Payment, mortgage broker, mortgage investment, mortgages, real estate, Your Mortgage Dream Team
Important Things To Avoid When Buying A Home
Do’s and Don’ts When Buying a Home Don’t move money around and don’t buy a car while trying to buy a house Given the high amount of foreclosures in the past few years, lenders have tightened requirements for loan approval. Now, buyers and mortgage brokers have to jump through a lot of hoops in order […]
Filed Under: Blog, Buying A Home, What to Avoid Buying a House Tagged With: Don't Move Money, Down Payment, Getting a Mortgage don'ts, Moving Money