Friday, March 21, 2014

First-Time Homebuyer Tips!

Are you a first-time homebuyer?
Here are tips to help you in the home buying process.
1. Utlize our FREE search website to search over 30,000 homes, including bank-owned, HUD, foreclosures and short sales at
2. Find out what your total monthly housing cost would be, including taxes and homeowners insurance. Taxes and insurance can double your mortgage payment. It's important not to leave these figures out of your final house payment.
After you've found a home you like in our FREE database search, call an insurance agent close to you to get a quote for how much the insurance will be. Check your local property appraisers website to get an estimate for what your taxes may be. Local Property taxes
3. Determine how much you might pay in closing costs. David has over 30 years in real estate and lending business. Call him today to help determine the cost of your closing. Closing costs include origination fees charged by the lender, taxes and prepaid items like homeowners insurance or homeowners' association fees, title and settlement fees.
4. Talk to David today to find out more about the real estate climate. He will inform you on whether he believes prices will continue falling or or if they will rise soon?
5. Always look at the big picture. Buying a house can help you build wealth. David can help you determine if you are ready to buy a house or rent to own.
David can help analyze and review your credit scores and see how much home you can afford. If you would like more information to get preapproved or need free financial advice, call David today!
Call Today!!
(303) 888-6114

Tuesday, March 11, 2014

Should You Remodel before Listing Your Home?

Things to consider before remodeling your home:

Improvements do tend to pay off in the current housing market. Most upgrades do not pay back dollar for dollar. You usually are going to get back only a percentage of every dollar you spend. Here are some low cost projects to consider which can help improve your resale speed:

1) Painting -- The smell of fresh paint is appealing to those walking in your home. Updating the color palate can be good. Ask a paint speciliast if you need help. Painting yourself can save alot of money.

2) Lighting -- Adding new lighting can be farely inexpensive and can add a lot to update the look of your home.

3) Kitchen updates -- Updating your kitchen will cost more. If you are going to update your kitchen, don't do it half way. Either finish it completely or leave it as is. It's important for the buyer to know where you are going with the remodel. Don't leave it half way completed.

4) Kitchen cabinet hardware -- Adding new updated knobs to your existing kitchen cabinets is not that expensive and can bring a a fresh newer look to your kitchen. All you need is a screwdriver to do it yourself.

5) Powder room remodel --- A quick and easy remodel is the powder room. If you can't afford to do all the bathrooms, this is a nice compromise and worth the money to do the main floor powder room. It is also farely inexpensive! Update the flooring, toilet, and a sink.

David Ruch has been in the real estate and lending business for over 30 years. David can help look at your credit scores and see how much home you can afford. If you would like to get preapproved or need free financial advice,call David today at (303) 888-6114.

Call Today!!
(303) 888-6114

Monday, March 3, 2014

Real Estate Tax Breaks

It's that time of year when we think about our taxes, refunds or will we owe money before April 15th. As we think about tax issues, we often begin to think about next year and how we can avoid owing so much money or how we can get a larger refund.

One thing to consider concerning your taxes is make sure you’re not missing any tax deductions. To make sure we’re not missing any tax breaks, here are a few things to think about.

Many homeowners own homes because of the mortgage interest tax deduction. Home owners are able to write-off interest on up to $1 million of mortgage debt which compels many to own versus rent a home.

Many are eligible for great benefits from itemizing on their tax return and they have sufficient deductions to itemize, but they do not do it.

Itemizing makes sense If you have a high mortgage or property tax. Even if you don't, it may be worth your time to work with a professional tax preparer and see if itemizing makes sense. Even a small savings can influence your financial future positively.

Don't forget the tax credit available to those living in Colorado. The City and County of Denver 2012 Mortgage Credit Certificate (MCC) program allows qualifying borrowers to receive anannual federal income tax credit equal to 30% of the annual interest they pay on their mortgage loan.

The tax credit enables a taxpayer to subtract the amount of credit from his or her annual total federal income taxes. Borrowers may choose to adjust their W-4 withholding to account for the tax-credit benefit and receive a higher net monthly income. Any excess credit from the MCC may be carried forward for up to three subsequent tax years.

April 2012 through December 31, 2014

If you have questions concerning deductions, tax credits or how much home you can afford, David can help answer some of these questions and help you find a home that is a great fit for you financially. . David has over 30 years of experience and is a one stop mortgage shop.

Call David today at (303) 888-6114 or search thousands of bank owned, HUD homes, short sales and other Denver real estate for FREE at

Tuesday, February 25, 2014

The Process of Buying a Home

Steps to Follow:

1. The first step in the home buying process is to get all your ducks in a row. You should probably speak with a lender to see what price ranges you should be searching for as well as to get a better understanding of your financial situation. You don't want to be shopping for a $400,000 home and realize you can only afford a $300,000 home. At Nationwide Home Loans, we can prequalify for a home and you can know what price range of home you can afford.

2. The second step in the process involves logging onto our website,, that features the Colorado MLS listings. Listings on the internet will be the most comprehensive and up to date of your options, compared to magazines or newspaper listings. So begin your search for a home that fits your pre-approved budget, your room and bathroom needs, size and square footage, home style, location, ect…You can search for your home through our website by clicking here.

3. Once you have either found a home or series of homes you are interested or have supplied the criteria to a realtor then you are now ready to get out there and look at some homes.

David Ruch has been in the real estate and lending business for over 30 years. David can help look at your credit score and see how much home you can afford. If you would like to get preapproved or need free financial advice,call David today at (303) 888-6114.

Thursday, December 19, 2013

What is Rent to Own?

What makes our Rent to Own program unique for our client is that we let our client pick out the home of their dreams from the thousands of homes in the market place and we buy it for them.

WE will carry the mortgage for our client until we get our client mortgage ready. Our clients could be self employed or a client where their credit isn't where it needs to be. WE will help them get their credit scores back to where they need to be.

The benefit of this program is:

1. Our client that is renting now can eventually own the home they are renting.
2. Our client would only have to move once not twice.

WE will also research all the homes in the marketplace:
short sales, bank owned, foreclosures, HUD repossessions to make sure our clients are getting the very best value in the market place.

If they want a fixer upper, we can bring in our crew to fix up the home to our clients specifications.

Let us help you the client Bridge the GAP between renting a home and owning a home!!!! You can choose from an unlimited database of homes. David Ruch will then help research their favorite homes.

David has been in the real estate and lending business for over 30 years. David can help you find your dream home that you can rent to own. Call David today at (303) 888-6114.

Wednesday, December 4, 2013

Tips to Avoid Foreclosure!

1. Don't ignore the problem. The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.

2. Contact your lender as soon as you realize that you have a problem. Lenders do not want your house. They have options to help borrowers through difficult financial times.

3. Open and respond to all mail from your lender. The first notices you receive will offer good information about foreclosure prevention options that can help you weather financial problems. Later mail may include important notices of pending legal action. Your failure to open the mail will not be an excuse in foreclosure court.

4. Know your mortgage rights. Find your loan documents and read them so you know what your lender may do if you can't make your payments. Learn about the foreclosure laws and timeframes in your Colorado by contacting David Ruch at (303) 888-6114

5. Prioritize your spending. After healthcare, keeping your house should be your first priority. Review your finances and see where you can cut spending in order to make your mortgage payment

Look for optional expenses--cable TV, memberships, entertainment--that you can eliminate. Delay payments on credit cards and other "unsecured" debt until you have paid your mortgage.

6. Use your assets. Do you have assets--a second car, jewelry, a whole life insurance policy--that you can sell for cash to help reinstate your loan? Can anyone in your household get an extra job to bring in additional income? Even if these efforts don't significantly increase your available cash or your income, they demonstrate to your lender that you are willing to make sacrifices to keep your home.

David has over 30 years of experience and is a one stop mortgage shop. He can help assist you in any real estate question.

Call David today at (303) 888-6114

Thursday, November 21, 2013

Foreclosure Solutions!

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to Parker-area residents for foreclosure are many. Following is a brief explanation of these solutions, including their benefits and drawbacks:

A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult. The homeowner simply requests the total amount owed to the mortgage company to date and pays it. This solution does not require the lender's approval and will 'reinstate' a mortgage up to the day before the final foreclosure sale.

Benefit: Does not require the mortgage company or lender's approval.

Drawback: Requires that a homeowner be able to pay all back payments, fines and fees.

Forbearance or Repayment Plan
A forbearance or repayment plan involves the homeowner negotiating with the mortgage company to allow them to repay back payments over a period of time. The homeowner typically makes their current mortgage payment in addition to a portion of the back payments they owe.

Benefit: Allows the homeowner to make back payments over time.

Drawback: Requires that a homeowner be in a financial position to pay not only their current mortgage, but also a portion of the back payments owed. Some mortgage companies will require a homeowner to 'qualify' for forbearance

Mortgage Modification
A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these. These typically result in a lower payment to the homeowner and a more affordable mortgage.

Benefit: Reduces the payment a homeowner is required to make on a monthly basis and may reduce the principal balance of the loan

Drawback: Requires that a homeowner 'qualify' for the new payment and will often require full documentation. Lender has to be actively pursuing modifications.

David Ruch has been in the real estate and lending business for over 30 years. David can help look at your credit score and see how much home you can afford. If you would like to get preapproved or need free financial advice,call David today at (303) 888-6114.

Call Today!!
(303) 888-6114