by Urdinola | 06/25/2018 | Blog
Traditionally, 30 years has been the preferred financing method when applying for a loan for home. However, the Federal Reserve and the government have adopted a series of measures in order to reduce the negative impact on the taxpayers’ equity. All these due to the way housing market has been affected by the economic situation nowadays.
Incentives like the loan of $7,500 that later on turns on $8,000 has been created. In addition, the government has tried to motivate the customers through the reduction of interest rates ever. This procedure offers to the customer the opportunity to own a property “Free and clear” in a half of time by refinancing the mortgage from 30-years to 15-years.
For instance, a customer from real life bought a house two years ago. He got an stable interest of 5.5% for 30 years with a monthly payment of $950. He can now refinance his mortgage and to get a 4% interest with a payment near to $1,120. That is a little less than $200/month, which means that he is saving over $80K in interest, and more importantly, his house is going to be fully paid in a half of time. Something that once seemed an impossible dream!
There are some strategies to reduce the mortgage time even more…
You call us 720-319-1153 for a consultation without any obligation.
by Urdinola | 06/25/2018 | Blog
It is a fact, in the current real state market a big percentage of the houses on sale are acquired by banks, who at the same time received them through “For closure”, “Short sale” or by the process called “Deed in Lieu” in which the customer agrees to voluntarily return the property to the lender.
All of this, forces the properties to be vacant for elongated periods of time making them susceptible to damage and vandalism.
The houses look dreadful! Even though, only months ago a family lived there. A buyer has no other choice, but to start thinking about the total make over the house requires. Paint, carpets, ceilings, kitchens, bathrooms and the many appliances the house is missing. All adding up to more than $15,000; money many new buyers do not have.
This is not a problem any longer! We offer a program that takes all the advantages of the traditional Federal Housing Administration mortgage (FHA) for new buyers, and includes the value for repairs, and if you really want it, the appliances, all within your loan. It is up to you to decide how much you want to fix. Leave your house as good as new!
by Urdinola | 06/25/2018 | Blog
Once your credit has started, you must ensure not only to make the payments within the established time, but also to keep the percentage of use no more than 40% of the available limit; that is, if you have a quota of $ 300 you should not use more than $ 120.
Another thing is to avoid the permanent consultation of your credit, because this can cause your scores to be reduced.
Please contact me for more details on the topics discussed here. Due to the limited space it is not possible to treat them with the amplitude that their importance deserves …
Call now at 720-319-1153
by Urdinola | 06/20/2018 | Testimonials
We are very grateful to Dago and Beatriz for all their support in the purchase process with our two properties. Dago and Beatriz are, without a doubt, some of the most helpful people I have ever dealt with. Without a doubt I will recommend them to all those people who are interested in obtaining a loan to buy a home. We will be very happy to be able to work with them again in the future!
by Urdinola | 06/11/2018 | Testimonials
We really liked working with Dagoberto and his team. Very professional.
