Category Archives: RE Agents
15 DecWynning Strategies: Baby Boomers
Baby Boomers make up a large segment of the home buyers and sellers out there. Knowing what they like, dislike and prefer related to real estate could be a huge benefit to you as you work with these buyers. Coldwell Banker recently published an infographic about Baby Boomers and we wanted to make sure you saw it. [...]
Read More ...06 DecNew Income Limits for Down Payment Assistance
Each year there HUD calculates Area Median Income (AMI) for the purpose of setting income limits for income restricted funding available to housing agencies. In some cases, these housing agencies offer down payment assistance for home purchases. HUD recently released the income limits for FY 2012 effective December 1, 2011. Here are the income limits [...]
Read More ...22 NovFive Hurdles to Mortgage Qualifying
Everyone has heard of the tightening of the credit market but what does that really mean to you? What does that really mean to you as a home buyer? Over approximately the past six years we have gone from a race around a track to get a loan approved to a hurdle race. Let me [...]
Read More ...16 NovLending A Hand – New & Improved
Lending A Hand is meant to be a resource to home buyers, home owners and real estate agents. We have re-structured the site to make it easier for you to find information and for us to pass along information we believe will be of value. Here is what you will see on the new and [...]
Read More ...20 JunIt’s Official – Now is the Time to Buy!
When to buy a home is a huge personal decision to make. Every person or family needs to make the decision to buy on a variety of factors including their family budget, current housing situation, funds available for down payment, job security and so on. Outside of the individual factors in deciding to make a [...]
Read More ...30 SepFHA UFMIP Change October 4, 2010
On August 5, 2010 we told you about the possible change to FHA mortgage insurance. We then updated you on August 11 that the effective date would be October 4 (that’s Monday!). The Changes FHA up-front mortgage insurance (UFMIP) will drop from 2.25% to 1%. FHA monthly mortgage insurance will increase from .55% to .9%. [...]
Read More ...23 SepWhat is Better than the $8,000 Tax Credit??
We received an email from one of the LendingAHand.com readers and real estate agents we work with sharing a recent Denver Post article that he thought might interest other agents and potential home buyers. The recent data shows that since the $8,000 tax credit expired the number of mortgage applications has dropped fairly significantly. In [...]
Read More ...31 AugNext Round of Home Buyer Tax Credit is a Bad Idea
Coming from a mortgage lender you might expect that we would be hopeful, even anxious, about a new home buyer tax credit, right? Well, not us and here is why… Each time the government has announced a home buyer tax credit business increases temporarily. After the expiration of the tax credit the buyers seem to [...]
Read More ...29 AugValue of REAL Pre-Approval
INTERESTING STATISTIC – One of my colleagues shared with me an amazing statistic: Almost 30% of real estate transaction in the US are falling through AFTER GOING UNDER CONTRACT. I don’t know about you – but I want to do what I can to prevent things from falling apart that I have responsibility for, especially [...]
Read More ...26 AugHow Affordable is Housing in Colorado?
How do you determine whether you can afford something? Typically this is an individual or family decision based on your personal budget, funds available and your goals. When I think of whether I can afford something I am normally thinking about a smaller purchase or subscription like a TV, internet or a vacation. What about [...]
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