Buying real estate continues to be cheaper than renting in the vast majority of major U.S. cities, according to a quarterly rent vs. buy index from real estate search and marketing site Trulia. This index compared the median list price and the median annualized rent on a two-bedroom apartment, condominium or townhouse in the [...]
Tweet Here’s what you need to know about getting a mortgage for an investment property: If you are buying a 1-unit investment property, you need 20% down. Fannie Mae underwriting guidelines say you only need 15% down. However, you also need mortgage insurance if you have less than 20% down, and no mortgage insurance company [...]
Trulia did a survey and found that it is more affordable to buy than rent in 72% of 50 of America’s largest cities. There were only four cities where renting is less expensive – New York, Seattle, Kansas City and San Fransisco. So you are probably wondering, how come there are so many renters in Denver [...]
I just had my first bid of 2011 accepted and we were encouraged on the offer that they had accepted. We asked for closing costs and a price reduction and got it! Now comes the interesting part.
Find homes at nancymikoda.com
In Colorado, we have 3 different companies that are handling our HUD [...]