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 [...]
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Residential Improvement Reminder from City of Denver When work is done without permits, it comes to light at the time a property is sold, refinanced or when a contractor or neighbor notices a problem and reports it to the City. This applies to many of the metro area suburbs too! FHA appraisers may [...] Buyers have a long list of what they want when home shopping, but one of their biggest desires is a good deal. Buyers are spending more time negotiating than every before. They will even walk away from deals if they can’t get what they want and go on to the next property. Sellers [...] 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 [...] Try these seven steps that help you set your priorities with your new kitchen. By keeping the same footprint, adding storage, and designing adequate lighting you preserve value and keep your costs on track. 1. Establish your priorities Simple enough? Not so fast. The National Kitchen and Bath Association (NKBA) recommends spending at least [...] I first heard about Geothermal energy when the Cuchara Ski resort in Colorado was recently purchased. An owner had spent his life working in this industry. Although it is supposed to be more expensive to install a system like this on a building that is already constructed, it makes more sense for new construction or [...] Early this year we saw a great surge in homes on the market, showings per home and a great number of homes were closed. After the housing credit ended, showings as well as homes going under contract were greatly reduced. Lon Welsh, President of Your Castle Realty has just released numbers showing that [...] After attending the Weld County foreclosure sales earlier this Spring, I went to Denver where I thought there would be more action. They have a few different rules but the bid process is similar making bidding faster as the increases after the 1st 2 bbids are in $500 increments. The list of [...] Sometimes it looks like all the news about housing is more in a negative that a positive light. Check out the article below and you will see that there are some great reasons for buying this year.
Interest rates remain low and this can really effect how much home you can purchase. [...] |
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