Adams Park (Denver, CO)
By Brian Petrelli, MBA, GRI
(The Brian Petrelli Team - Metro Brokers)
Our team just listed a stunning remodel in the Adams Park Denver Homes neighborhood! 3429 West Gill Place Denver, CO 80219 Adams Park $199,999.00  Beds: 2    Fin SqFt: 993 Baths: 1   Year: 1939   # Of Photos Avail: 11V-Tour Available:  No MLS #: 8666237 Status: Active Listing Office:Mb The Brian Petrelli Team Broker Remarks: Stunning Remodel! You Won't Find A Better House In This Price Range. New Roof, New Windows, New Furnace, New Water Heater, New Carpet, Tile, And Paint. New Electrical Panel New Sewer Line Beautiful Kitchen With Slab Granite Countertops Updated Bath And All Stainless Appliances. Finished Basement Can...  While the current demand from homebuyers continues to outnumber the available homes, we continue to watch the active inventory of Denver Homes every day, waiting for...
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By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
West Denver Home for Sale -- $130,000! This Denver home for sale has lots of square footage for the listing price!     There are 3 legal bedrooms, and a few more spaces which are non-conforming with 1586 total finished square footage.      There are hardwood floors, newer kitchen with all kitchen appliances to be included.    This home would be perfect for a person into cars and/or toys.    The lot is .22 acres or 9970 square feet lot, fully fenced PLUS an over-sized garage with 586 sq ft!     There is no HOA, so if you work on cars --- this property is for YOU! With interest rates hovering around 4.5%, your mortgage on this home could be less than rent!   3545 W. Custer Place Denver, CO   80219       Create your own video slideshow at animoto.com.  
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By Joan Cox, Denver Real Estate - Selling One Home at a Time
(House to Home, Inc. - Denver Real Estate - 720-231-6373)
This Denver  large home is listed for $149,900, with 1586 square feet, 3 true bedrooms and 2 baths.   There are areas (non-conforming) for 2 more bedrooms.     This large home features 3 true bedrooms, 2 baths and 1586 square feet. The kitchen is remodeled with newer cabinets, tile flooring, and all kitchen appliances included.                   There is hardwood flooring in the dining room and living room.   The living room is large for those large family functions.     There are 2 bedrooms on the main floor and 1 true bedroom upstairs, with a couple other areas that could be used for bedrooms, and would be "non-conforming".     This home is on a large lot - 9970 (.22 acres) and is zoned R-2.   There is an over-sized 2 car garage. If you would like to view this home, please give me a c...
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By Scott Adam
(Your Castle Real Estate)
Loan Considerations for Buy and Hold InvestorsAs 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 investm...
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By Scott Adam
(Your Castle Real Estate)
Loan Considerations for Fix & Flip / Short-Term InvestorsSecuring 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) hab...
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By Scott Adam
(Your Castle Real Estate)
Loan Considerations for Jumbo MortgagesFor 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 pro...
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By Scott Adam
(Your Castle Real Estate)
Loan Considerations for Loan Amounts Between $200K - $417KWith 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 not...
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Denver, CO Real Estate Professionals