Littleton Real Estate Trends

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Real Estate Agent - Your Castle Real Estate
Specializing in relocationand investment in the Denver metro area, including Denver County, Englewood, Greenwood Village, Highlands Ranch, Parker, Castle Rock, Douglas County, Arapahoe County, Littleton, and more
RECENT BLOG POSTS
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-employ...
12/04/2008
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)...
12/04/2008
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 ...
12/04/2008
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 r...
12/04/2008
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-time ...
12/04/2008
  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 cri...
12/04/2008
  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...
12/04/2008
  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 defaultin...
12/04/2008
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...
12/04/2008
Recap of First Half 2008 Home Price Performance By Lon Welsh and Terry Wenze, Your Castle Real Estate. The average home price in Metro Denver increased +2% in the full year 2005 to the full year 2006. Comparing 2006 to 2007, the average home price across the metro dropped 3%, to $303,000. The ha...
10/29/2008
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