Even though Colorado isn’t a place that springs to mind when it comes to fruit production, Zone 5 can be a great place to grow some yummy fruit! I have been doing some research reagrding trees lately because my neighbors just chose to trim back their beautiful trees so much that we now have a perfect view of their back deck, and they of ours. Blah. I am thinking that some fruit trees planted along our back fence might provide a great solution, along with some evergrees to provide color and privacy in the winter months.
Effective October 1, 2010, Fannie Mae, the entity responsible for maintaining a secondary market in home mortgages, is increasing a buyer's wait period if the buyer has experienced a foreclosure.
The current wait period is 5 years, provided the buyer is able to make a larger than normal down payment, and 7 years is the borrower makes a normal down payment. The 5 year option will diminish and all borrowers will now have to wait a period of 7 years before they are able to purchase their next home.
There is one exception to this change, if the borrower is able to document "extenuating circumstances", they will be able to purchase a home with a Fannie Mae (conventional loan) after a 3 year period. The minimum down payment required will be 10% and the
I saw that mortgage rates hit a new all time low today. Does this mean that they are going to stay this low forever in Denver? The answer unfortunately is probably not. With the average 30 year fixed rate loan dropping to 4.69% this week, it is truly amazing how the rates keep falling. Hopefully they will keep going down further, but if history is the judge, then probably not.
Since 1971, rates have been above nine percent 39% of the time. They have been above eight percent 55% of the time. They have been above seven percent 74% of the time, and above six percent a staggering 89% of the time. Right now they are below 5%!!!!!! Looking at these figures, one can see just how amazing these rates are.
Many first time home buyers took advantage of the $8,000 First-time Home Buyer tax credit and are getting ready to close on their new home. Did you know that there are other great incentive programs available to first time home-buyers? Below is some information from the Denver Office of Economic Development regarding the City and County of Denver 2009 Mortgage Credit Certificate (MCC) program. There are some limitations and qualifying factors - all of which can be found here.
The MCC program allows qualifying borrowers to receive an annual federal income tax credit equal to 20% of the annual interest they pay on their mortgage loan. A tax credit enables a taxpayer to subtract the amount of credit from his or her total federal income taxes owed
Five Points Market Report - Denver Colorado Real Estate
The median sales price for homes in Five Points, Denver for Mar 10 to May 10 was $221,750 based on 50 sales. Compared to the same period one year ago, the median sales price increased 7%, or $14,548, and the number of sales decreased 10.7%. Average price per square foot for Five Points was $210, an increase of 7.1% compared to the same period last year.
There are currently 215 resale and new homes in Denver on Trulia, including 1 open house, as well as 48 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Five Points was $411,550 for the week ending Jun 16, which represents a decrease of 0.1%, or $364,
Congress Park Market Report - Denver Colorado Real Estate
The median sales price for homes in Congress Park, Denver for Mar 10 to May 10 was $301,700 based on 42 sales. Compared to the same period one year ago, the median sales price decreased 18.5%, or $68,300, and the number of sales decreased 2.3%. Average price per square foot for Congress Park was $236, a decrease of 2.9% compared to the same period last year.
There are currently 119 resale and new homes in Denver on Trulia, including 32 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Congress Park was $351,634 for the week ending Jun 16, which represents a decrease of 0.7%, or $2,315, compared to the prior
I really miss having a front porch. We haven't had one since we lived in NW Denver - in the Highlands, where we rented a big old brick bungalow with an awesome, shady oasis of a front porch, where we could sit and eat a meal, enjoy a glass of wine, and interact with the neighborhood. Don't get me wrong, I love our big backyard patio with its huge covered space big enough for 3 different seating areas and a grill, and I like the privacy that the tall fence offers. But sometimes I just want to chat with whoever happens by, wave them up for a glass of vino, and get to know folks a little better, and that's where the front porch is just priceless.
It seems like homebuilders are getting this vibe, too -
We are often cautioned by our mortgage broker and/or lender to not charge up our credit cards, change jobs or make a big purchase, such as an automobile just before we close on a home loan. This advice now seems more prudent than ever!
On June 1, 2010, Fannie Mae (the government sponsored company that establishes the underwriting standards for most of the nation's mortgages) has started requiring lenders to recheck a borrower's finances shortly before closing their home loan. If significant changes in a Buyer's financial situation are detected, the funding of the loan may be delayed or in some cases, denied.
This is an important step to ensuring a home loan is based on the borrower's (in this case, you, the Buyer) most accurate and up to date
Last night, I waited in line at Pinkberry’s with daughters Gina and Laura along with two of Laura’s closest friends. We discussed Gina’s upcoming trip to a friend’s wedding while Laura and friends talked about their pending departures to colleges across the West. I can’t say the 45 minutes in line and the $20 worth of frozen yogurt was worth it, but I soon realized the time spent on a perfect Colorado evening with the four of them was far more valued. Lessons of fatherhood are confirmed on such nights. Their spirit, humor, and hope about the future were woven into conversation and laughter. For me, it validated so many days and moments of parenting; the true gift on this Father’s