YourMortgageResource.com

Great news for Denver, Colorado! According to Barbara Corcoran, the Real Estate Contributor for the Today show, Denver is the the #1 city to see a rebound in the housing market. That will create many Denver CO homes for sale. Her formula was based on the folowing criteria:

1) Job growth

2) Growing Population

3) Good Weather

4) First time Buyers

5) No overbuilding of Condos

6) A vital downtown district

7) A well educated population

8 ) Denver has one of the biggest park systems in the country

With all of these factors, now is the best time to look at purchasing a new home. The selction of homes is great; the rates are still near all-time lows; and if you are a first time buyer, you have access of up to $8,000 for a tax credit! The Denver area is very large with many great suburban areas. Broomfield; Aurora; Thornton; Parker; Castle Rock and the nature rich Colorado Springs less than an hour away. There is a short drive to many different Mountain Resorts – Aspen; Vail; Breckenridge; Keystone and Winter Park – Just to name a few!

 The list of exceptional things near Denver goes on and on.  There are many Denver CO homes for sale right now. Contact your Real Estate Professional to get more information. If you need help finding the Real Estate Professional that is a fit for you, please contact us. we have a wide network that knows the areas and what could be a great fit for your family.

A Streamline FHA loan?

What is it?

Streamline FHA and VA loans have been making a lot of headlines lately in the press, and for good reasons. In most cases if you currently have an FHA or VA loan, this is the best option for you to refinance. That will not always be the case, sometimes a conventional refinance makes more sense. This is where your Mortgage Advisor comes in.

Your Mortgage Advisor can take a look at your current situation to see what works best for you. The streamline FHA or VA loans simply take your current loan and lower the interest rate. They allow you to get the loan done with:

No credit examination (we look at your payoff and mortgage payment history – which we obtain)
No income verification
No asset verification
No appraisal (This helps if your home value has decreased)
A LOT less fees than on a regular refinance

The turn time to get these loans done is only a little over a week. Fast and Easy – Isn’t that what we all want in a real estate transaction?

Beware of the mortgage companies willing to give you a streamline refinance with a lot of costs. The streamline loans should not have many costs. If your Advisor is charging high origination fees – RUN away. There are companies offering the streamline FHA and VA loans and taking all equity that you might have.

If done correctly, the streamline FHA and VA loans can save you alot of money every month and save you thousands over the life of the loan. Keep your money in your pocket, not the lender’s.

According to many webpages and lenders – Streamline FHA rates have gone up.

While they are starting to increase, we still have access to some of the lowest rates on record. It’s not too late to refinance your FHA or VA loan. Even if you don’t have a loan that is currently an FHA loan, we can still help. As the summer passes on – the rates will go up;  but there is still time to save thousands of dollars and lower your payment and pay your home off earlier.

This year is the year of opportunity for real estate.  Prices will not get any lower and rates are still great. Get your Streamline FHa rate quote today.

info@yourmortgageresource.com

The state of the world economy today is taking a toll on many people. It is causing so much stress that some people are facing a divorce. A divorce makes you face the world in a whole new way – which way do you turn? You need to find resources that will work for you. A great divorce attorney, a great financial resource and a lot of support from friends and family.

YourMortgageresource.com can help you during this time. If you need a good divorce attorney – we have a wide network of divorce attorneys nationwide. We can advise you on your financial situation as well. Sometimes it means a refinance, sometimes it doesn’t. Sometimes you need to get money out of your home to pay expenses and the other parties share of the equity.

Whatever your situation is from  a simple streamline FHA to buying a new home after the divorce – YourMortgageResource.com is your resource.

          With the rates rates down currently, you don’t have to do a Streamline FHA to save money. Now is a great time to purchase your new home. Home prices are still down as well as the interest rates. Combine that with the new Tax Credits of up to $8,000 and now is the BEST time to buy your new home. There are even options for you to purchase a new home with only $100 down!!!!

There is a lot of availabitity for home now as well. So, no matter what type of home that you are looking for, it’s out there.

If you have a home in mind or are looking to see what you can qualify for - Ask us! We have a wide network of Real Estate Professionals that work with first time buyers.

Many times, the clients we are working with have smaller mortgage payments than they had rent payments.

Your own home is the American dream – So take advantage of ther first time buyer programs today.  4jrnkymgda

There are advantages to both. With rates down, the easiest way to save money is a streamline FHA refinance. This allows you to lower the rate, without all of the hassles of full qualifying.

However, a full qualifying refinance has it’s advantages as well. It will allow you combine debt; add or remove someone from title or even take out some money to do improvements to your home. FHA will now allow you to finance repairs of your home into your loan. Whether you need a new roof or windows; or wish to go green; there are now options for you to finance those repairs.

So is the Streamline FHA or the full qualifying refinance the way to go for you? Contact our specialists today and we can put together the options for you.

With rates down, a rapidly growing trend is to streamline FHA loans from a 30 year fixed into a 15 or 20 year fixed term. This allows you to pay off your home at an accelerated pace and not have your payments increase much monthly. So, by paying  just a bit more each month – you can save THOUSANDS over the life of the loan. Not only do you pay less interest every month; but imagine what 15 years of payments add up to.

There are many ways to streamline FHA loans and this is just one idea. Let us know what your current situation is and we will customize a loan for you.

There has been a lot of talk in the news lately about the Streamline FHA. Many folks have an FHA loan and wonder how does this apply to me? Quite simply, a Streamline FHA is a loan available to those borrowers that currently have an FHA loan. It allows you to take advantage of the lower rates on the market now without all of the hassle. No income verification – No appraisal – and A LOT LESS FEES than a regular refinance.

We make it easy.

These loans are usually done in a matter of a few days – not months like many other lenders and brokers are taking right now. The rates are always on the move and the programs are constantly changing. We can keep you updated to the minute where things are.

For more information, please visit our Streamline FHA page.