Denver Hot Homes

5 Mistakes Emotional Homebuyers Make

noreply@blogger.com (Denver Hot Homes) — Fri, 13 Apr 2012 16:13:00 +0000

Agents say emotional mistakes are common, sometimes good deals are passed up or too much is paid for the “dream home.” Buyers shouldn’t beat themselves up, it is one of the biggest purchases made in life, they just need tomake sure it's smart investment not an emotional purchase.
1. Looking for a better deal: Today’s market has trained homebuyers to think there is always a better deal waiting, although prices may drop, it is best to play the odds now rather than wait.
2.Love at first sight: View at least 5 properties before signing a contract and making an offer. Jumping at the first or second home right away usually results in buyer’s remorse or overpaying and the inability to sell later at a reasonable price.
3. Overpaying for perfection: Buyer’s typically insist they have found the perfect home, but may be overlooking the price they are paying for it. Emotional attachment usually kicks in an a buyer may overextend financially.

4.Equating “Short Sale” with “Deal”: Most buyer’s run at the chance for a short sale or foreclosure because they think it's a deal; most listing prices are bid on and receive higher offers than the actual listing price and it becomes a contest. Many actually overpay because they aren’t careful and will stop at no cost to get the home.
5. Low-balling instead of negotiating realistically: All buyers want the best deal and lowest price but it is best to make a realistic offer not too far off what the homebuyer expects to pay; if they under offer, they will risk rejection or lengthening process with sellers.
David Ruch has been in the real estate and lending business for over 26 years. If you would like to get preapproved or need free financial advice, call David today at (303) 888-6114.

Things to Evaluate When Choosing a Home

noreply@blogger.com (Denver Hot Homes) — Fri, 23 Mar 2012 20:30:00 +0000

There are a few things to consider when purchasing a home vs. a
condominium, condo.
There different association fees included for a home vs. a condo. Condo
fees would cover: heating, security, shared amenities (pool & exercise
equipment), cable, air conditioning, and electric. When you buy a home, you
become responsible for the additional costs necessary to operate a home:
water, sewer, trash, electricity, gas and hazard insurance. Hazard insurance
covers the structure of the building and exterior.
If there are any incidental costs to repair the home, for the condo it
would be covered in the monthly dues, for a home the home owner would need to
cover the out of pocket costs to repair the home.
There might be restrictions on owning a pet in a condo, whereas in a home,
you could have pets.
There are things to consider when buying into a “shared ownership
community” – a homeowner’s association or a condominium association.

Either form of ownership is a good option, but its important to find the
right fit for you!
If you would like Dave Ruch to help you look for a condo or home that will
best fit your budget and needs, give him a call today or search our database
of over 30,000 homes free. If you would like to start out with a rent to own
property, Dave can help you with that as well.
David Ruch has been in the real estate and lending business for over 26
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)
840-9252

Making the Leap to Purchase a Home

noreply@blogger.com (Denver Hot Homes) — Thu, 15 Mar 2012 19:27:00 +0000

Making the Leap to Purchase a Home

A decision has been made to buy a home, the down payment has been saved and touring local homes is now a weekend ritual. Months and maybe years pass and still no change. This is common for many first-time home buyers. Hesitation can be overcome by giving these steps a try:

Get comfortable with your finances: Anticipate the costs such as taxes, homeowner’s insurance, utility bills and commuting. This will help determine the maximum purchase price. After the first year, taxes benefits will being.

Partner with an agent: The real estate market can be very confusing; our teams of buyer’s specialists and realtors have an immense amount of knowledge in the housing market and can assist with an questions or concerns.

Accept some risk: Realize that everything comes with a risk but also has the ability to reward with benefits. Ask others about their purchasing experiences and make sure to have cash reserves as a safety net.

Decide the "must haves": Garage, finished basement, gourmet kitchen? Make a list of the most important features. Sometimes a sacrifice may be required if the rest of the house is perfect. Do not put an offer on the home if it doesn't appeal at the get go.

Be ready to bid: Regardless of the market, great houses don’t stay on the market long. Sometimes one open house leads to three offers. If it’s the one make the best offer possible. The offer may not always be accepted but it’s always better to know that an attempt was made.

Reap the award: Owning a home can be one of the most exciting and satisfying things in life. It’s also an investment that can pay personal dividends as well as financial.

David Ruch has been in the real estate and lending business for over 29 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) 840-9252.

Call Today!!
(303) 840-9252

HUD Homes vs. Bank Owned

noreply@blogger.com (Denver Hot Homes) — Thu, 01 Mar 2012 20:24:00 +0000

HUD Homes vs. Bank Owned

Definitions: HUD Homes are FHA-Insured or mortgaged homes that has gone into foreclosure, HUD works to recover the loss on the foreclosure claim. Bank owned homes also known as real estate owned or REO, they failed to sell at foreclosure auctions so they revert back to the bank.

Similarities: Both types of homes are the result of foreclosures and neither organization will provide financing for the home. Both homes are on the market in “as is” condition, repairs will not be made on homes prior to purchase and there will be no negotiations.

Differences: HUDs can only be purchased through an agency that is under contract with HUD. They are first offered to primary owners during “offer period,” if buyers aren’t qualified then investors may bid. HUD homeowner must live in the house for at least a year and cannot purchase another HUD for two years. Bank owned homes are managed by a loss mitigation department within a bank; their goal is to minimize losses caused by defaulted loans.

Benefits of HUD: They pay the real estate agent’s commission and closing costs. Some HUDs only require $100 down. For low to moderate income families some HUDs are only $1 each; there is also a 203k rehabilitation loan which helps the homebuyer make repairs.

Benefits of Bank Owned: These homes are usually sold at below-market prices with low down payments and low interest rates. The bank takes care of clearing any liens or claims on the property. Prices may be negotiated as well as lending terms and closing costs.

Our Team of Buyer's Specialists and Real Estate Mortgage Planner's are equipped with knwoledge on HUDs, foreclosures and bank owned homes. For more information contact our office or visit our website www.denverhothome.com

Call Today!!
(303) 840-9252

PURCHASING A HUD HOME

noreply@blogger.com (Denver Hot Homes) — Wed, 29 Feb 2012 06:15:00 +0000

Purchasing a HUD home is different than purchasing a regular home; in order to understand the process and how it works, there are a few tips buyers should know.

1. Almost anyone can buy as long as you can obtain a mortgage or have cash. HUD homes also must be owner occupied which means you cannot purchase the home as an investment; the buyer must occupy property.

2. You will need a pre-qualification letter from a lender or proof of cash funds in the amount greater than the property price. HUD will not provide a home loan; it is the buyer’s responsibility to make financing arrangements.

3. HUD houses for sale are sold in AS-IS condition, and will not do any repairs. They do provide a Property Condition Report on some listings but no all. The PCR is similar to a home inspection. Inspection can be done once there is an accepted contract.

4. Earnest money requirements are $1,000 if the price of the home is over $50,000 and $500 if the price is under $50,000. Must be in the form of a cashier check, bank check, or money order. Return of the earnest money is not automatic if buyer changes their mind.

5. To make bids on HUD homes for sale you have to use a real estate agent. The bidding process is done on the internet by an approved real estate agent.

Purchasing HUD Homes is a lot different than buying a house from a seller-owner. Before making a bid on a HUD house, it is necessary to learn the pitfalls and opportunities of buying a HUD home.

Our teams of buyer’s specialists and mortgage planners have extensive knowledge on HUD homes as well as others in the market.

David Ruch has been in the real estate and lending business for over 29 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) 840-9252.

Evaluating Homes and Condos

noreply@blogger.com (Denver Hot Homes) — Fri, 10 Feb 2012 22:46:00 +0000

Things to Evaluate when choosing a Home or a Condo

There are a few things to consider when purchasing a home vs. a condominium, condo.

There different association fees included for a home vs. a condo. Condo fees would cover: heating, security, shared amenities (pool & exercise equipment), cable, air conditioning, and electric. When you buy a home, you become responsible for the additional costs necessary to operate a home: water, sewer, trash, electricity, gas and hazard insurance. Hazard insurance covers the structure of the building and exterior.

If there are any incidental costs to repair the home, for the condo it would be covered in the monthly dues, for a home the home owner would need to cover the out of pocket costs to repair the home.

There might be restrictions on owning a pet in a condo, whereas in a home, you could have pets.

There are things to consider when buying into a “shared ownership community” – a homeowner’s association or a condominium association.

Either form of ownership is a good option, but its important to find the right fit for you!

If you would like Dave Ruch to help you look for a condo or home that will best fit your budget and needs, give him a call today or search our database of over 30,000 homes free. If you would like to start out with a rent to own property, Dave can help you with that as well.

David Ruch has been in the real estate and lending business for over 26 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) 840-9252.

Call Today!!
(303) 840-9252

Real Estate Market Confusing?

noreply@blogger.com (Denver Hot Homes) — Fri, 27 Jan 2012 22:12:00 +0000

Need to ease the pain of an unstable and confusing real estate market?

David Ruch has a thorough understanding of complex issues in today’s turbulent real estate industry and knowledge of foreclosure avoidance options available to homeowners. David can helprovide solutions, specifically short sales, for homeowners facing market hardships.

Homeowners regularly proceed without guidance of any kind through the often financially and emotionally devastating prospect of foreclosure. Speaking with a well-informed, licensed real estate professional is the best course of action for a homeowner in distress. Through comprehensive training and experience, David Ruch and his team have the tools to help homeowners find the best solutions for their unique situations and to avoid foreclosure through the efficient execution of a short sale.

Living through financial difficulties poses a challenge for any family, so why make the process of finding a qualified real estate professional difficult too?

We don’t merely assist in selling properties, we also serve and help save clients in need.

David Ruch has been in the real estate and lending business for over 26 years. David can help look at your credit score. If you would like to get preapproved or get get an idea of your price range or want more information on Short Sales or bank owned homes, call David today at (303) 840-9252.

Call Today!!
(303) 840-9252

Best Time to Re-Finance, Low Rates!

noreply@blogger.com (Denver Hot Homes) — Fri, 20 Jan 2012 20:53:00 +0000

Best Time to Re-Finance

Mortgage Rates as All Time Low!

Take advantage of the low mortgage rates right now and purchase a home or re-finance your current home! The average 30-year fixed mortgage rate holding at the record low of 4.18 percent for the third consecutive week; the average 30-year fixed mortgage has an average of 0.35 discount and origination points.

The average 15-year fixed mortgage inched up from last week's record, to 3.39 percent, while the jumbo 30-year fixed mortgage set another new low of 4.58 percent. The last time mortgage rates remained above 6 percent was back in November 2008. At the time, the average 30-year fixed rate was 6.33 percent, meaning a $200,000 loan would have required a monthly payment of $1,241.86. With the average rate now 4.18 percent, the monthly payment for the same size loan would be $975.70, a difference of $266 per month for anyone refinancing now.

Our company can re-finance with no cost to you, call today to inquire about purchasing a home or re-financing!

Call Today!!
(303) 840-9252

How Much Home Can I Afford?

noreply@blogger.com (Denver Hot Homes) — Fri, 12 Aug 2011 07:25:00 +0000

Many buyers want to know how much home they can afford.There are a few factors that impact how much home you can afford. Some of those factors are:

1) What is your credit score?The higher the number you have concerning your credit score, the lower your interest rate will be. The lower your interest rate is, the lower your monthly house payment will be.

Credit scores range from 300 to 850. All loans you have had in the past and how faithful you have been in making payments affect your credit score. If you would like to find out what your credit score is, call David Ruch today.He can help you find out what your credit score is and help you find a home with a credit score as low as 580.

2) How many dependants do you have? Dependants are how many people depend on you for financial help. Consider school costs, car payments and other monthly costs when determining your house payment budget. Make sure you leave some money in your budget for emergency funds.

3) Where would you like to live?Prices vary depending on which city and in which suburb you want to live. Sometimes just by changing the suburb you want to live in will give you more house for the money you are investing.

4) How much money do you have for a down payment on the home you are buying? The money you are using as a down payment needs to come from savings. The more money you can put down on the home you are purchasing, the lower your monthly payment will be.

5) What is the current interest rate? Interest rates are still very low and now is a great time to invest in a home. Lower interest rates will help keep your monthly payment lower.

Call Today!!
(303) 840-9252

2707 VALMONT Rd -215D, Boulder, CO | Powered by Postlets

noreply@blogger.com (Donnelle) — Wed, 13 Jul 2011 05:43:00 +0000

2707 VALMONT Rd -215D, Boulder, CO | Powered by Postlets

Check out this affordable condo in Boulder, CO!!!!!

Call us today at (303) 840-9252. Ask for David.http://www.real-estate-denver-colorado.com

http://www.real-estate-denver-colorado.com/disclaimer.php

Listing Agent: Leisha White
Listing Office: New Millennium Homes, LLC

Factors that Impact your Property Value

noreply@blogger.com (Donnelle) — Sat, 02 Jul 2011 20:42:00 +0000

Before listing your homes for sale, there are some things that you should consider concerning your home resale value.

The first thing that your potential home buyers will notice is the outside of the house or your lawn . Keep it mowed, trim bushes and trees that block the view of your home .

Maintenance is one of the essential factors that can reduce the value of the home . A home that is well maintained on the outside will give the buyers an feeling that it is almost certainly well-kept inside.

An overpriced home is unlikely to be appealing to potential buyers; they would not even bother checking out the property. Price your home right so it will not be staying in the market for long time .

The condition of your home can influence the property value including the size and the age of your home .

Poorly done renovation is expensive and can only reduce the value of your home . Chances are buyers will let you do the remodeling again or you will have to lower your offer .

For some buyers, the fixtures they found in your home give them a lifelong impression.

A bad neighborhood can also turn your potential buyer off. Home buyers also think about the safety of the neighborhoods and crime rates, therefore, if your property for sale is in an area with high crime rates can scare buyers away.

Easy access is one of the most important issues in most of the buyers such as the closeness to public transit, schools, hospitals and malls.

Everyone does not want to live in a property which is so close to airport and landfill . A crowded and polluted area never appeals to potential buyers . They do not also want to get a home in a flooded area . It is important for you to always make your best efforts to deal with the issues with your real estate property.

David Ruch has been in the real estate and nding business for over 26 years. He would love to help further explain what a short sale is.

David Ruch has been in the real estate and lending business for over 26 years. David can help look at your credit score. If you would like to get preapproved or need free financial advice, call David today at (303) 840-9252.

The Decision to Rent vs. Own

noreply@blogger.com (Denver Hot Homes) — Wed, 22 Jun 2011 00:41:00 +0000

Call Today!!(303) 840-9252

A common question among people today is whether to rent vs. own a home.

When a future home owner/renter is looking for a new place to live, there are factors that impact their decision on whether to Rent vs. Own their future home. There are three factors affecting this decision: historic behaviors, economic conditions, and demographic and lifestyle shifts.

Most Americans desire to own their own home, in spite of the turmoil going on in the housing market today. Demographic trends show that the American household is shrinking, fewer married couples and less families with children. This trend along with the financial issues going on is influencing more people to rent instead of own a home.

Eighty-nine percent of homeowners, as well as 44 percent of renters, believe they would be better off owning their homes,considering their current financial situation.

Eighty percent of people prefer to live in a neighborhood where people own their homes.

The desire to rent is primarily driven by the financial condition of the one looking for the home.

Fifty-one percent of people surveyed said that the housing crisis has not affected their willingness to purchase a home.

Twenty-seven percent of the people said they are more likely to buy and 19 percent were more likely to rent
Of those renting, 31 percent said they are more likely to rent as a result of the housing crisis, compared to 19 percent among overall responses.

David Ruch has been in the real estate and lending business for over 26 years. He is available for a free consultation concerning the pros and cons of renting vs. owning.

Short Sale Pitfalls

noreply@blogger.com (Donnelle) — Fri, 28 Jan 2011 23:38:00 +0000

When managing a short sale home, there are a few pitfalls and things to avoid. It's important to request the existing lender's information and request the loan number and bank info on a short sale home. As soon as you can, request the payoff information.

Some lenders provide a short sale

package. It's a good idea to request this information if available.

When handling short sale home, there are a few pitfalls and things to avoid.

Things to Avoid in a Short Sale

1. If the seller has a FHA loan, do not advise the seller to move out. It's a good idea for the seller to stay in the home.

2. Don't promise unrealistic

time deadlines.

3. Don't spend money on an appraisal until the lender has approved the short sale.

4. Don't send an incomplete

short sale package to the lender. There is a good chance it will get thrown out of the pile of considered offers.

Short Sales are more complex than normal real estate transactions. It's important not to make false promises about the short sale process.

If your offer is rejected by the lender, don't give up on the process. Many times you can resubmit the same offer. Sometimes lenders will do what's necessary to avoid foreclosure, so they might consider your offer the 2nd time.

The real estate industry will be dealing with short sales for many months to come. It's important to learn about things to avoid.

David Ruch has been in the real estate and nding business for over 26 years. He would love to help further explain what a short sale is.

When you find a home you would like to make an offer on, there are several types of loans that can be secured. David can help look at your credit scores and what loans would be best for you. If you are curious what your credit scores are and/or would like to see how expensive of a home you can buy, call David today at (303) 840-9252.

Should I Lease or Buy a Home?

noreply@blogger.com (Denver Hot Homes) — Mon, 20 Dec 2010 23:27:00 +0000

In the real estate world, many times you will hear the words Rent to own or Lease Purchase. Rent to own is used in connection with real estate agreements where the renter has the option to buy the property at a fixed price at a certain time in the future. Many times the agreement is setup as a lease purchase or lease purchase option.

Many times when the housing market has suffered or taken a down turn, more buyers are interested in rent to own, lease purchase , or lease purchase option. In this type of agreement, the lessee resides in the lessor's home making monthly payments with the option of someday in the future purchasing the home at an agreed upon price.

Sometimes, the extra time in the home allows the lessee to clean up their credit scores, so that at a future point in the lease, they can get a better interest rate when actually purchasing the home. There are many advantages and disadvantages that can be further discussed with David Ruch

Call David today to find out more about rent to own, lease purchase, and lease pur-chase options. If you are interested in searching our database of 30,000 homes for FREE (without a realtor),click here.

Things to Consider When Buying a Home

noreply@blogger.com (Denver Hot Homes) — Mon, 20 Dec 2010 23:26:00 +0000

When purchasing a home, there are many factors that need to be considered. Sometimes as a buyer, the sole focus is the sales price of the home.

The buyer must also consider the following items as well:

1. Mortgage Rates

2. Moving Costs

3. Utility and HOA Fees

Fortunately the mortgage rates remain low for now. When considering a new home, sit down with a loan officer and find out what the current rates are and how much home you can afford, while considering all associated costs.

If you would like to have a free consultation with David Ruch and find out what your credit score is and how expensive of a home you can buy, call today at (303) 840-9252.

If you would like to find out more about rent to own, lease purchase, lease purchase options or are interested in searching our database of 30,000 homes for FREE(without a realtor),click here.

Fannie Mae's 2010 Rent vs. Own Analysis

noreply@blogger.com (Denver Hot Homes) — Mon, 20 Dec 2010 22:35:00 +0000

A common question among people today is whether to rent vs. own a home. Fannie Mae completed a 2010 Rent vs. Own Analysis. Below are some of Fannie Mae's findings for 2010.

When a future home owner/renter is looking for a new place to live, there are factors that impact their decision on whether to Rent vs. Own their future home. These factors were placed in three categories: historic behaviors, economic conditions, and demographic and lifestyle shifts.

Most Americans desire to own their own home, in spite of the turmoil going on in the housing market today. Demographic trends show that the American household is shrinking, fewer married couples and less families with children. This trend along with the financial issues going on isinfluencing more people to rent instead of own a home.

Eighty-nine percent of homeowners, as well as 44 percent of renters, believe they would be better off owning their homes,considering their current financial situation.

Eighty percent of peopleprefer to live in a neighborhood where people own their homes.

The desire to rent is primarily driven by the financial condition of the one looking for the home.

Fifty-one percent of people surveyed said that the housing crisis has not affected their willingness to purchase a home.

Twenty-seven percent of the people said they are more likely to buy and 19 percent were more likely to rent
Of those renting, 31 percent said they are more likely to rent as a result of the housing crisis, compared to 19 percent among overall responses.

If you would like to find out more about rent to own, lease purchase, lease purchase options or are interested in searching our database of 30,000 homes for FREE (without a realtor),click here or call David Ruch at (303) 840-9252.

To read more info from the source of this article, seehttp://moourl.com/ntz7p (This analysis was based on telephone survey interviews with 2,041 people of the general population plus 1,566 additional people from geographic areas of interest)

7220 W BONFILS Ln -405, Lakewood, CO | Powered by Postlets

noreply@blogger.com (Donnelle) — Wed, 15 Sep 2010 22:51:00 +0000

7220 W BONFILS Ln -405, Lakewood, CO | Powered by Postlets

Leasing vs. Buying

noreply@blogger.com (Donnelle) — Fri, 27 Aug 2010 16:14:00 +0000

When looking for a home to live in, there are a few things to consider. Two of these things are whether the home should be purchased or leased. When making this decision there are a few things that will heavily impact what the buyer decides.

One very important thing is the condition of the buyer's finances. When purchasing a home, a buyer can obtain a home with as low as $1,000 down payment with some of the programs we offer at New Millennium Homes.

A benefit of owning a home is the tax benefits it provides. The property taxes and mortgage interest are both deductible on the buyer's federal income tax return.

If a home buyer stays in the market long term, they can sell their home at retirement age, and use the proceeds to purchase a less expensive home.

Also, an important consideration when purchasing a home is a buyer's credit scores. If a potential home owner to be does not have the credit scores necessary to purchase a home, leasing is a good option for them. They can lease a home with the option to purchase at a later time.

At New Millennium Homes we can help work with a buyer to improve their credit scores to allow them to purchase a home. In the interim, the potential buyer can lease a home that they really like and eventually purchase the home when they have improved their credit.

If you are curious what your credit scores are and/or would like to see how expensive of a home you can buy, call David Ruch today at (303) 840-9252.

Search our database of over 30,000 homes in the Denver metro area at http://www.real-estate-denver-colorado.com/.

More on Rent to Own Properties

noreply@blogger.com (Donnelle) — Fri, 27 Aug 2010 14:47:00 +0000

In the real estate world, many times you will hear the words Rent to Own. Rent to own is used in connection with real estate agreements where the renter has the option to buy the property at a fixed price at a certain time in the future. Many times the agreement is setup as a lease purchase or lease purchase option (which was discussed in detail in a prior newsletter and is on our blog at http://blog.real-estate-denver-colorado.com/ ).

Many times when the housing market has suffered or taken a down turn, more buyers are interested in rent to own, lease purchase , or lease purchase option. In this type of agreement, the lessee resides in the lessor’s home making monthly payments with the option of someday in the future purchasing the home at an agreed upon price.

Call David today to find out more about rent to own, lease purchase, and lease purchase options. If you are interested in searching our database of 30,000 homes for FREE (without a realtor), visit our website at http://www.real-estate-denver-colcolorado.com/.

Mortgage Intererest Rates @ Record Low

noreply@blogger.com (Donnelle) — Fri, 20 Aug 2010 05:15:00 +0000

With mortgage interest rates at a record low, many are still asking if they should refinance or wait to see if rates go lower. Some that have already refinanced may wonder if its worth refinancing again.

Frank Nothaft, Freddie Mac's chief economist, said "The ability to lock in a principal and interest payment at below 5 percent for 30 years is rare enough. The fact that a 30-year fixed-rate mortgage can be obtained for 4.5 percent, or a 15-year mortgage for 4 percent is an amazing opportunity for borrowers."

Many are unsure whether they quality to refinance their current mortgage. If you would like to speak to one of our loan officers, call David Ruch today at (303) 840-9252. He can also let you know for what interest rate your would qualify. As of Thursday, the average interest rate was 4.44% (with 0.7 of a point in prepared interest) on a 30 year fixed rate loan.

Freddie Mac's mortgage rate dropping has set a new low record the last seven out of eight weeks. Will rates continue to drop? Time will tell.

If you are interested in purchasing a home in the Denver metro area while interest rates are low, try our FREE search of over 30,000 homes in the Denver area. http://www.real-estate-denver-colorado.com/

If you want to know what your credit scores are or want to see at what interest rate you would qualify, call David Ruch today at (303) 840-9252.

Tips for Increasing Your Credit Score

noreply@blogger.com (Donnelle) — Fri, 25 Jun 2010 05:27:00 +0000

When purchasing a home, your credit score is very import when obtaining a loan.

Your credit score will determine if you get approved for a loan and what interest rate you will get.

There are a few things you can do to help improve your credit score. This includes:

1) Pay your bills on time

2) Keep your balance due as low as possible

1) Be cautious in opening new credit sources

2) Pull your credit report and review it to see if there are any items on the report that are erroneous.

3) Look on this report for any mistakes or debts that you have paid off that are still on the report.

4) Pay down any high balances on your credit cards.

5) Be cautious in closing inactive accounts. If you do close accounts, leave the oldest ones open versus a newer account.

To find out your credit score, call David Ruch today!

If you are upside down in your home, David Ruch will help sell your home, even if you owe more than your home is worth.

If you could like to talk to an agent, call David Ruch at (303) 840-9252.

To search our database of over 30,000 homes without a realtor, go to our website today http://www.real-estate-denver-colorado.com/.

8512 W. 94th Place, Westminster, CO | Powered by Postlets

noreply@blogger.com (Donnelle) — Wed, 23 Jun 2010 05:50:00 +0000

8512 W. 94th Place, Westminster, CO | Powered by Postlets

Great home in Westminster, Colorado.

If you would like to talk with an agent, please call David Ruch at (303) 840-9252 or visit our website at http://www.real-estate-denver-colorado.com/.

Tax Credit Deadline Extended

noreply@blogger.com (Donnelle) — Tue, 22 Jun 2010 00:42:00 +0000

This week the Senate passed a bill that extends the closing date for the tax credit program to September 30th, 2010.

This bill will only help buyers that already signed their contract by April 30th. The tax credit program was such a popular program, more time was needed to close all the transactions.

THE NATIONAL ASSOCIATION OF REALTORS® requested this extension that will help around a hundred eighty thousand buyers. The House still needs to approve this bill before it goes into effect.

If you haven’t found a home yet, and would like to search over 30,000 homes without a realtor, click here and start searching today.

Check out our five amazing first time home buyer programs. You can also ask us about our Rent to Own Homes or search our New Homes in California.

If you are upside down in your home, David Ruch will help sell your home, even if you owe more than your home is worth.

If you could like to talk to an agent, call David Ruch at (909) 767-9091.

Fannie Mae’s Home Affordable Foreclosure Alternatives

noreply@blogger.com (Donnelle) — Sat, 12 Jun 2010 07:26:00 +0000

June 1st, Fannie Mae released an announcement for Fannie Mae’s Home Affordable Foreclosure Alternatives (HAFA). This announcement provides guidelines for short sales and deed-in-lieu (DIL).

These new guidelines will go into effect August 1, 2010. The summary of the Fannie Mae HAFA program is as follows:

· works with borrowers that are eligible for Home Affordable Modification Program (HAMP)

· Informs the borrower of pre-approved terms for their short sale.

· Uses standard documents and procedures

· Provides incentives to all parties (borrowers, services, lienholders)

Incentives provided to the servicer are $2,200 for a short sale and $1,500 for a deed-in-lieu (DIL). The incentive provided to the borrower is $3,000 to help with moving expenses.

If you are interested in finding out more about Fannie Mae’s HAFA, call us today. David Ruch can help explain this information further. Call David Ruch at (303) 840-9252.

Why have interest rates fallen?

noreply@blogger.com (Donnelle) — Fri, 04 Jun 2010 14:00:00 +0000

Interest rates were predicted to rise in 2010, but a few factors have changed that prediction. Interest rates have instead fallen. There are so many things going on in the economy right now that can influence the mortgage interest rates.

When the Treasury stopped purchasing mortgage securities in March, many felt that rates would increase. In fact, rates continued to decrease through May.

One factor affecting mortgage interest rates is Europe’s investment markets have dropped causing the dollar to strengthen against the euro.

Considering this, May’s interest rates remained low. We are not out of the woods yet and interest rates might rise. If you are considering purchasing a home in the Denver metro area, now is a good time to invest while interest rates are lower. Check out our website for a free listing of bank repos, HUDs, foreclosures and short sale homes. We can check your credit scores and see what home you can afford.

If you are interested in a rent to own home, call us today. Take advantage of these lower rates. If you would like to talk to an agent today to see what rate you would qualify for, call David Ruch at (303) 840-9252.

If you would like to do a free search of thousands of bank owned, short sale, foreclosure, HUD repo homes goto http://www.real-estate-denver-colorado.com.