The Mortgage Network: Brian Quigley

Category: Housing Analysis

November 6, 2020
Renovation Home Loans Made Simple for Home Owners in Colorado

Renovation Home Loans Could Be Your Ticket Renovation Home Loans can be an extremely attractive option for home owners in Colorado looking to upgrade their home. Whether you are getting ready to put your home on the market or simply have more time at home due to the COVID-19 pandemic, a renovation home loan can […]

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October 30, 2020
How You Can Afford the Closing Costs on a Mortgage

Before you get your heart set on the home of your dreams you will want to make sure you can afford the closing costs on a mortgage. One of the largest barriers preventing people from buying a new home are these closing costs. Viewing the Estimated Cash at Closing on your loan worksheet can be […]

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October 23, 2020
6 Types of People Who Would Enjoy Living in Golden, Colorado

People already living in Golden know it is an outdoors enthusiast’s haven. While Colorado is changing so much this community is tucked in among all the progress and offers easy access to hiking, biking, skiing, snowboarding, and yes the Coors Brewing Company. Golden can be your year-round adventure destination and your next home. Golden is […]

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October 8, 2020
How much money do you need for a down payment on a mortgage?

A down payment on a mortgage can be one of the largest obstacles you face as you embark on the journey towards home ownership. Despite what you may have heard 20% is not required. There are a lot of options ranging from 0% to 20% depending on your situation. How much down payment on a […]

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September 28, 2020
5 Important Questions to Ask a Mortgage Broker

It is crucial to know what questions to ask a mortgage broker as you start shopping for a new home. Asking the right questions can help you find a mortgage broker that understands your needs and might save you thousands of dollars over the life of the loan. Can we get a "TBD approval"? A […]

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September 19, 2020
5 Great Neighborhoods in Denver, CO

Here are 5 neighborhoods in Denver, CO you will want to consider if you are looking to relocate to the Denver area. These are 5 neighborhoods that are well established and are desirable with good reason. Washington Park Over the past decade it has become one of the most desirable neighborhoods in Denver. It is […]

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September 11, 2020
Minimum Down Payments on Mortgages - Considerations and Benefits

Understanding minimum down payments on mortgages and how they can work to your advantage is something to consider as you look to secure a home loan. Determining a down payment that is appropriate for you is a big piece of the puzzle and the answer depends on your situation and your goals. There are a […]

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September 2, 2020
How Energy Efficient Mortgages Provide a Big Benefit for Home Owners in Denver, CO.

Looking to upgrade your home? Energy Efficient Mortgages provide a way for homeowners to make energy efficient upgrades to their home at little to no cost. If you are buying or refinancing a home in Denver, CO with an FHA loan you will want to read this. You could increase the value of your home […]

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August 21, 2020
No Income Verification Mortgage Options in 2020

No income verification mortgage options do exist for people who are not able to provide proof of income through W2's and tax returns. If you are a real estate investor, entrepreneur, or self employed then you may find these types of mortgage options appealing. After the housing market collapsed in the early 2000's the Frank-Dodd […]

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July 29, 2020
FHA Loan for a Second Home?

Reasons to Consider an FHA Loan for a Second Home One reason to think about an FHA Loan for a second home is because you can put as little as 3.5% down. Contrast this to the requirement on a conventional loan that will require a minimum of 5% down on a 2nd home. This can […]

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July 21, 2020
Saving Money in 2020 with an FHA Streamline Refinance

Right now in 2020 we are experiencing historically low interest rates. Taking advantage of an FHA Streamline Refinance in 2020 could save you a lot of money over the life of your home loan by significantly lowering your monthly mortgage payment. What is an FHA Streamline refinance? A streamline refinance is  a mortgage refinance on […]

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July 13, 2020
6 Reasons to Consider a Jumbo Loan in 2020

Jumbo (non-conforming) Loan Overview  Do you know that a Jumbo loan in 2020 may be easier to qualify for? Jumbo loans are loans that exceed the loan limits of conventional loans, generally above $510,400 in 2020. This varies depending on the county so be sure to find out the exact loan limit amount. For FHA […]

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June 30, 2020
Mortgage Forbearance During the COVID-19 Pandemic

There is a lot of information circulating about mortgage forbearance during the COVID-19 pandemic. There are options and it is important for homeowners to educate themselves if they need help paying their mortgage. Below you will find straight forward information about mortgage relief options for homeowners affected by the Covid-19 pandemic in 2020. CARES (Coronavirus […]

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June 18, 2020
Down Payment Strategies for First-Time Home Buyers

It is finally time to buy your first home. This move has been in the making for many years and you are completely excited about the future. You have carefully protected your credit and your score is great. And you earn enough money to keep up with monthly payments.  All the boxes are checked, except […]

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June 2, 2020
6 Tips to Help You Get Your Credit Score in Shape When You Apply for a Mortgage

It is no question that CREDIT SCORE is one of the biggest drivers in what will be your final interest rate, type of home loan, and how much home you can afford. The following are 6 tips to make sure you KNOW before you GO and get involved in a new home purchase and going […]

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November 22, 2019
Down Payment Assistance Options for Your Mortgage in Austin, TX

Purchasing a home is, no doubt, an exciting experience, especially if you are a first-time homebuyer. However, there is one thing that needs your thorough consideration, and that is the “down payment.” According to a survey conducted in 2018 on the rental market place, approximately 61.7% of millennials cannot afford a high down payment. However, […]

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November 8, 2019
The Top 2 Home Builders to Consider in Hilton Head and Bluffton, South Carolina

With the Bluffton, SC area currently undergoing a massive boom, the town has quickly seen an influx of people. In fact, estimates say that the Bluffton population has doubled over the past decade. With all these individuals now moving into town, the need for fantastic, high-quality homes has perhaps never been more apparent. What that […]

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October 30, 2019
3 Effortless Reasons Nationwide High Balance Loans are better than Jumbo Loans

How can you get a loan for a new home purchase that is better then a jumbo loan if purchasing a home under $800,000? Simple, use Nationwide High Balance Loans, don't get a jumbo loan. Rates on a Nationwide High Balance loan are almost a full percentage point better, and you will not have the […]

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October 27, 2019
3 Definitive Reasons Homes For Heroes is the Authority VA First Time Home Buyer Program.

The VA first time home buyer program is an amazing guaranteed mortgage up to 100% of the purchase price from the Veteran's administration, and can really jump start your real estate portfolio as you embark on your military career. Whether you are buying, selling, or refinancing your home, the homes for hero program is here […]

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October 24, 2019
A guide to the Best Home Builders in Austin, TX

Austin,TX is the fastest-growing city in the USA and drives a unique mix of history and culture. Many residents in Austin want to preserve that old feeling in the house that makes this city different and unique. Also, the city’s population is growing steadily, and so are the housing rates.  As per Zillow’s estimation, the […]

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October 17, 2019
Why You Should Consider Buying a New Home in Bluffton, South Carolina

One of the fastest growing areas in the country, Bluffton, provides the ideal place to live for all individuals. In fact, the population has nearly doubled over the past ten years and shows no signs of stopping as more and more people learn why it is the ideal place to move to and buy a new home.

With a fast-growing population comes a vibrant and exciting downtown with plenty of new shops, stores, restaurants, and bars. The culture is vibrant, and continuing to evolve as more people come in.

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August 14, 2019
VA Loan Amount Limits To Be Raised in 2020

In June 2019, President Donald Trump signed a bill into law that will allow the Department of Veterans Affairs to guarantee loans that go beyond the normal conforming loan amount limit. The name of this new bill, H.R. 299, will allow all eligible VA homebuyers and VA homeowners to borrow, either for purchase or refinance […]

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July 23, 2019
Guide to Getting a Mortgage in Colorado With Student Loans in 2020

You definitely can buy a home with student loan debt. The type of mortgage you choose to apply for is crucial. If you are applying for a mortgage but have student student loan debt that you think will prevent you from buying a house, read this article first! Most likely you will need to choose […]

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July 15, 2019
TOP 5 Benefits of FHA Loans for Denver Home Buyers in 2020

When choosing a mortgage, many homeowners and future homeowners are caught in a tug of war when picking which loan program is right for their financial situation. The FHA loan is the standard when it comes to giving you the most flexibility with regards to your mortgage. Below are five benefits of choosing and FHA […]

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July 11, 2019
Construction Loan FAQs - 10 Most Popular Questions

This list of construction loan FAQs is a great read if you are thinking about applying for a construction loan. It will help you find answers to questions you have and answers to question you may not have thought about yet. With the ever increasing price of real estate in Colorado for 2020, many future […]

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November 8, 2018
Reverse Mortgage Process and Top Myths Explained

In this article we will discuss The process of Getting a Reverse Mortgage & Busting the Top Myths Associated with It. A reverse mortgage is a home equity loan that is offered to senior homeowners that are 62 years old or above. Rather than making monthly payments to the lender, the borrower receives mortgage payments […]

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November 8, 2018
Why Reverse Mortgage is the Right Loan Option for Seniors

Many seniors find it difficult to manage their finances because of the absence of a running income. Buying a home at this stage seems to be extremely unlikely as gathering funds become a challenge. While there are many financing options available, all of them will require you to make regular mortgage payments, which is simply […]

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October 11, 2018
FHA Loan Rules for Borrowers after Filing Bankruptcy

The subprime mortgage industry collapsed in 2008, which also coincided with the crippling US recession. The recession triggered massive financial and economic repercussions felt by millions of Americans. Unemployment rate in the country doubled from five to a jaw-dropping ten percent. As a result, the total wealth or assets of an estimated 65 percent of […]

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October 2, 2018

3 TIPS TO ACCESS DOWN PAYMENT ASSISTANCE FUNDS ON BUYING YOUR NEXT HOME In a higher interest rate environment, it is imperative that a resourceful Colorado Mortgage Broker have the products available to serve the market extensively for First Time Home Buyers. Increased rates lead to higher payments. A strong housing market leads to higher […]

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October 2, 2018
Colorado's Market Forecast Q4 2018 and Beyond

With mortgage rates in Colorado and nationwide at 7-year highs, many are wondering what is in store for the housing market in 2019 and beyond. We have all been spoiled with low interest rates since the refinance boom in the early 2000's.  Many of us, myself included, entered this industry during that boom, and enjoyed […]

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September 20, 2018
3 TIPS to get your Self Employed Bank Statement Mortgage Loan Approved

In 2018 it is now more easier then ever to get a mortgage loan for your self employed business in Colorado. With as little as 2 months bank statements, you might be able to buy the home of your dreams. Yes 2 months bank statements. As long as we have a valid CPA letter with […]

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September 17, 2018
VA Construction and Renovation Loans

VA Construction Loans You can acquire a VA loan for building the home of your dreams, but keep in mind it is not a necessarily an easy path. You will have to overcome a few hassles and hurdles to fulfill your dream of building a home. Borrowers who are qualified to acquire VA loans can […]

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September 12, 2018
VA Jumbo Home Loans

A VA jumbo loan offers military buyers and veterans significant benefits, particularly compared to the standard jumbo loan landscape. However, first, let’s elaborate what “jumbo” is. Although VA loans operate under their specific rules regarding VA loan limits, which are county specific, a majority of lenders in the country still deem anything over $453,100 VA jumbo […]

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September 6, 2018
Buying a Home to Use as a Rental Property: Benefits and Considerations

We have had numerous discussions with entrepreneurs and salaried individuals who concluded that they have to diversify their profits and income into more than merely a savings account. In case you are one of those people – you have to pay close attention. Although being an owner of a rental property is not as glamorous as […]

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August 30, 2018
Benefits of VA Home Loans

Veterans Affairs mortgages, also called VA home loans, make it simpler and easier for veterans to secure financing in order to purchase a home. In many cases, VA home loans do not require any down payment. Moreover, these loans are easily available to active military members and military veterans. The loans are available from private […]

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August 21, 2018
VA Cash-Out Refinance: Everything You Need to Know

The VA loan program has been available for over seven decades. The program offers affordable and convenient home ownership to veterans and active members of the US military. The program has been successful as, to date more than 22 million former and current members of our armed forces received a VA mortgage. Some of the main reasons […]

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August 9, 2018
Down Payment Assistance Programs in Colorado (2018)

It is likely that you look at a home and imagine how incredible it would be to buy it. Owning a home means you can do all the things and fully enjoy your home without permission from the landlord. Perhaps, the down payment is holding you back. Alternatively, you may assume that you need to […]

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August 2, 2018
How to Apply For a Mortgage after Bankruptcy

Purchasing your own home is empowering and exciting, to say the least. Gaining the freedom and independence to manage and own a property, just the way you prefer. Eventually, you will have a substantial asset to enjoy in your future. Naturally, this is something a lot of us really aspire to. That said, sometimes things do not […]

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July 26, 2018
The Big Money Mistakes Divorcing Couples Make

When it comes to divorce, the two things that most people tend to worry about most are their kids and their money. Unfortunately, fretting about money does not keep these people from committing big money mistakes in divorce. Keep in mind that the courts in a majority of states will typically prioritize children’s interests. Courts also […]

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July 25, 2018
What Are The Requirements For A Construction Loan?

If you’re building a new home, you may need some help when it comes to financing. This is because you can’t take out a conventional mortgage without a house to live in. This is where a home construction loan can come in handy. Home construction loans provide temporary financing that can help you fund the […]

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July 25, 2018
How Does a Home Construction Loan Work?

A majority of people understands basic mortgages when it comes to securing financing for their home; this is because mortgages are quite simple and nearly everyone has one. In contrast, a home construction loan could be a bit confusing for you if you have never built a new home before. The Basics of Home Construction […]

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June 22, 2018
Mortgage Broker Q&A : Purchasing and Refinancing A Home During and After A CH 13 Bankruptcy

I am serving up this Q&A in an effort to help consumers during their quest on finding a lender that will work with them, during their CH 13 bankruptcy, so they can purchase or refinance a home. If you have been denied a loan, or working with a loan officer that does not understand the […]

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March 31, 2018
3 Reasons Why I Live In And Love LoHi Denver, COLORADO

When I moved from New York, I didn't want to lose my urban roots, so I automatically gravitated to a NY Style loft located in the Highlands area of Denver, CO. in a small neighborhood called LoHi. I just really appreciate an open-air floor plan with high ceilings, exposed duct work, and brick. A true […]

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March 31, 2018
Why Move to Arvada, Colorado? Here are 7 Great Reasons to Pack Your Bags

The unique communities surrounding Denver all share a similar charm and vibrancy. But each is distinctly unique. Arvada is no different. It’s a busy but relaxed community. Here are the reasons why you should be moving to Arvada. Arvada Cherishes Its History People from around the country visit Olde Town Arvada just to get a […]

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March 20, 2018
ANALYZING the TAX CUTS and JOBS ACT in 2018 First Time Homebuyers

When the Tax Cuts and Jobs Act was enacted in 2017 many people are still wondering exactly what it all means to them personally. What does it mean for their small business? What does it mean for their home deductions. The below overview should be a good summary of what to expect, and what is changing […]

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March 12, 2018
Buy a Home Using your Litecoin, Bitcoin, and Ethereum Crypto Assets

If you have been investing in crypto assets the last few (ever since bitcoin reached 20,000) years, you might be wondering how you can purchase a home if you have realized any significant gains so you can expand your investment portfolio. It is quite simple, especially since the IRS now classifies crypto currency as your […]

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December 4, 2017
Five Reasons to Live in the Lowry Neighborhood of Denver, CO

If you’re currently house hunting, or looking to get financing for your new home in the Lowry Area of Denver, Colorado then you might be interested in why the Lowry neighborhood is such an attractive place to live. As you probably already know, Denver is a thriving hotspot for jobs, tourists, and of course, transplants […]

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August 22, 2017
Is A Debt Consolidation Mortgage Refinance Right For Me?

Debt Consolidation Can Make Your Life Easier To Manage Your Finances A Debt Consolidation Refinance uses your existing home equity to consolidate your high interest debt into a loan with a much lower interest rate, which can save you hundreds of dollars each month. Are you paying more then $10,000 in non-tax deductible credit card […]

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August 17, 2017
Breathe In The 1% Down Mortgage in Colorado

We now offer the 1% down mortgage program in Colorado NO this is not a typo. We now offer the 1% down mortgage program in Colorado with Equity Boost to ensure a smooth first time home buying experience for you. This program works very simple. You put down 1%, and we contribute 2% towards the […]

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August 15, 2017
Ready to Move to Lakewood, Colorado? You’ll Need These 7 Things

Lakewood, Colorado, is another of the vibrant communities surrounding Denver. If you’re thinking of moving to Lakewood, make sure you bring the following things to help you fit right in. A Want to Put Down Roots for Generations If you’re moving to Colorado or Lakewood because it’s a great place for your family or to […]

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August 10, 2017
Why is Louisville, Colorado One of the Best Places to Live in America? Because of …

Money magazine consistently ranks Louisville, Colorado, as one of the best places to live in America. In fact, it’s been No. 1 a few times and it’s no surprise. Before you move, you NEED to check out Louisville. The ability to have access to two great cities, Denver and Boulder, great recreational facilities and opportunities, […]

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July 24, 2017
7 Reasons to Call Stapleton Home Right Now It’s difficult to find a more fresh start than Stapleton, Colorado. The community just outside Denver is built on land recently occupied by an international airport. Now, the planes are departing from another location and the future of a thriving American city are landing in Stapleton. There are so many reasons to call Stapleton […]

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July 22, 2017
5 Reasons to Live and Work in Aurora, Colorado

Want to live in the Rockies? Why not move to the Gateway of the Rockies? Right now, Aurora is one of the fastest growing cities in the United States. The economy is booming. As the economy continues to prosper in Aurora and Colorado, as a whole, the competition for homes will intensify. Additional information on the […]

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June 1, 2017
New Student Loan Payment Calculation For Refinancing and Purchasing a New Home

Americans owe over $1.4 trillion in student loan debt, spread out among 44 million borrowers. With the lowest affordability levels in nine years, Colorado's red hot housing market is putting many of these potential home buyer out of reach to qualify for a new home... until April 25, 2017, when Fannie Mae made their new […]

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May 15, 2017
Denver Real Estate Market Update – April 2017

Are you looking to get into the Denver housing market? You’re not the only one. In an ultra-competitive market such as ours, a mortgage broker like myself can help you gain the advantage you need. The Denver real estate market continued its red-hot ways last month and there is no sign of a slow-down in […]

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April 25, 2017
Choosing a Mortgage Lender - 3 Tips to Save Time and Money

It's no question that we are living in a fast paced world, that only seems to be getting more quicker and efficient with each passing day. With all of this technological progress, you want to make sure that you do not get caught up in the distraction and noise of everything around you. Billions are […]

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April 19, 2017
Loan Application Checklist For Your Denver Mortgage

Be Prepared with the Following Information to Help Get You Approved You want to buy your first home, an investment property, or maybe even complete some renovations that you’ve always dreamed of doing. If you don’t have the finances, you’re going to want to find a mortgage broker in Denver you can trust to guide […]

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March 20, 2017

How high can this real estate market go? Did you hear what they are building in such and such neighborhood? My neighbor just sold his home for a huge profit. And on and on. These are very common questions I hear every single day, and as a Colorado Mortgage Broker it is integral to my career […]

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March 6, 2017
Denver Real Estate Market Update – February 2017

A new year is in and so is another month in the Denver real estate market. Per a recent article from the Denver Post, the housing market in Metro Denver could see major changes in 2017. After the initial month of the new year, the rent for apartments is slowing down while the price of […]

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February 18, 2017
3 Helpful Tips For Cash Out Refinancing During A CH 13 Bankruptcy In Colorado

The 2018 real estate market in Colorado looks very promising and poised to continue it's red hot run years into the future. Market correction has turned homes that were once upside down into equity appreciating assets that are now proving very valuable for homeowners in Colorado. The influx of people moving here has catapulted demand […]

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February 9, 2017
Colorado Down Payment Assistance Loans funded over 1 Billion in new Loans in 2016

This article is to clear the smoke and mirrors many people who are looking to buy a home usually question right away. Do you have any "no money down" programs? Are there Denver loans for "first time home buyers"? Any FREE money out there I can get? Answer: YES, there are down payment assistance programs. […]

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October 26, 2016
Home Ready Mortgage Assists Millenials With High Debt To Purchase Homes

Benefits of a Home Ready Mortgage Home buying is at a 60 year low. The millennial market represents a huge market in purchasing power, however they are postponing home ownership due to student loan debt, travel experiences, and no money being able to be put aside. In an effort to create a new program that […]

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October 19, 2016

Benefits of the CHFA Grant Program As rent in metro Denver continue to climb, home ownership is at a 60 year low. As of September 2016, the average rent for a one bedroom in Denver is $1383 and a 2 bedroom is $1768. Colorado is one of the hottest real estate markets in the country, […]

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October 5, 2016
FHA Rental Property Purchases Can Add Cash Flow To Your Pocket

Most people think that when purchasing investment properties you need 20% down. While this is true for most conventional loans, with a slightly higher interest rate then owner occupied purchases, and FHA strategy might prove to be the most efficient in a very dynamic Denver market. Colorado no question has become one of the top […]

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September 8, 2016
3 Reasons to Refinance Your Existing Mortgage

A mortgage is one of the biggest things Americans will pay off in their lifetime. Just because you already have a mortgage plan doesn’t mean you are locked into it for the duration of its life. Many people choose to refinance a mortgage for many different reasons. A Denver mortgage broker like myself can show […]

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September 8, 2016
Denver Real Estate Market Update - September 2018

When it comes to purchasing or selling a home in Denver, it is a good idea to contact a Denver mortgage broker, like myself, who can provide guidance for such a busy real estate market. The cost of a home in Denver continues to rise significantly. In the Metropolitan Denver area the median value of […]

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July 18, 2016
I Locked my Loan and Now Interest Rates Have Fallen! What can I do?

As a Colorado mortgage broker, the huge benefit is that across the multiple wholesale lenders we work with, each one has it's own unique selling proposition, and when it comes to locking a loan, this is vital, especially in a low rate economy, where breaking news can crash a market, and bottom out rates, like […]

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July 15, 2016
A Colorado Mortgage Broker for your Next Purchase or Refinance

Many people have asked me over my career,  "Why would I use you"?, "What exactly do you do"?, "What makes you different from the next guy"? My answer is simple, and I speak more for the mortgage broker community, versus myself directly. We get the job done. We take on the loans the bank can […]

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February 18, 2016

With Colorado continuing it's nationwide market dominance as one of the top places to live in 2016, the rental market has been skyrocketing, as well as homeowners property equity through sharp quarter over quarter, double digit appreciation. This has created a dynamic market where there is a shortage of inventory available, because not as many […]

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January 27, 2016
5 Questions To Ask Yourself Before Selling Your Home During the Colorado Housing Frenzy

$20.16 Billion in home sales for 2015. Inventory not high enough to meet demand. Multiple offers within hours, and some of them cash thousands above your asking price. Welcome to the Colorado housing market. It is no question this is a sellers market, and if timed correctly, you can make make a serious profit on […]

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January 13, 2016
2016 FHA and FANNIE MAE Increased Loan Limits

Due to the rise in home prices in 2015, and the steady increase in valuation, FHA and Fannie Mae have both increased the maximum loan amounts in many counties nationwide. I have provided links below for the change in Colorado, which will be a pleasant surprise to many buyers who now can opt to finance, […]

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October 19, 2015
Gift Of Equity Mortgage Loans For Your Family And How They Work

Purchasing a home from a family member in Colorado can save you thousands of dollars in closing costs, and also continue to retain a property with the family over the years to follow. In most cases, these purchase loans are done with no money down from the buyer, who more then likely will be the […]

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October 6, 2015
Top 4 Reasons To Choose A Mortgage Broker For Your Next Refinance or Purchase Loan

In my 13 year career as a mortgage broker in Denver, I have seen many ups and downs of the housing market, but one question I am continuously asked to this day is in two parts. Why should I use you? and What's the difference between a Colorado mortgage broker and mortgage banker. To the […]

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September 22, 2015
Turning Your Principal Residence Into An Investment Property

With Denver clearly on the radar as one of the top real estate markets in the nation, sellers have the upper hand, as buyer's are lining up in droves to put their offers in. It is not uncommon, especially in Denver, to see listings get offers 10, 20, sometimes even $50,000 above the asking price. […]

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September 22, 2015
Commercial Lending Made Easy with The Mortgage Network

I am happy to announce The Mortgage Network's ability to now do Commercial Lending. This should prove to be a huge benefit to many individuals looking to purchase commercial property. We can service loans anywhere from $100,000 to $250,000,000 million. Our proprietary portal of lenders will definitely prove to be a tremendous value to anyone […]

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November 13, 2014
A Mortgage Loan That Saves Your Clients The Most Money

Talk to most mortgage lenders, whether brokers or bankers, on the retail or wholesale side, and they will give you some very basic loan options once they pull your credit score and find out how much you have to put down on a home mortgage when you are in the process of getting pre-qualified for […]

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November 10, 2014
Fannie Mae Delayed Financing

Since 2011, Fannie Mae has implemented a little used mortgage program, entitled "Delayed Financing" which allows home buyers, both owner occupied and investor, to refinance the purchase the day after they buy the property. With 33% of all home purchases in 2014 being made in cash, many investors need access to that cash, to put […]

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October 1, 2014
Relocation Loans And What It Takes To Qualify When Moving To Colorado

It is no question that Colorado is one of the hottest markets in the nation to live right now. I have been getting many phone calls of people wanting to know what it would take to get qualified for a home loan. For most, it is quite simple, especially if you are remaining employed with […]

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May 14, 2014
Perfect Timing for Refinancing Off Your Mortgage Insurance In Today's RED HOT Colorado Market!

For those of you who have refinanced in 2010 to 2012 and who have Mortgage Insurance on your home loan, either through FHA or conventional, might want to seriously consider refinancing now, while the market here in Colorado is Red Hot!! A $400,000 loan with FHA Mortgage insurance is $450 per month, and that is […]

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May 13, 2014
Construction Lending Available In Colorado with as little ZERO DOWN

It is no question that the real estate market in Colorado is hot! hot! hot! This can frustrate many buyers who show up to an open house with 10 other buyers, and a seller who is only interested in highest and best offer. It is definetely a seller's market out there, and that can really […]

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May 12, 2014
No Money Down USDA Purchase Loans In Colorado Are Amazing Tool For HomeOwnership

USDA Rural Development's Single Family Housing Direct Loan Program provides loans to assist low and very low income families in rural area's achieve their dream of home ownership in Colorado. This is a 102% max LTV loan with absolutely no money down. The properties under USDA have to be located in a rural area, and […]

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April 24, 2014
Down Payment Assistance Program For Colorado First Time Home Buyers

It is no question that Colorado is on the map as the top places to live in 2014. Rental prices have absolutely skyrocketed the last five years, with home prices continuing to rise as well. For the homeowner, they are feeling the recovery and getting back the equity they lost in the Housing Crisis. They […]

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March 25, 2014
Colorado Family Opportunity Mortgage Program For Elderly Parents And Children Update for 2019

A great mortgage program here in Colorado that has always been around for quite some time, is the Family Opportunity Mortgage program. Not many people inquire about it, however it can literally save you tens of thousands of dollars upon the purchase of a home, and even more in interest over the life of the […]

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February 20, 2014
FHA GOLD Program Loosens Credit Guidelines for Subprime Borrowers

FHA has recently introduced a new FHA program for borrowers with less then good credit. This will greatly open up the floodgates to people who could not qualify for a new home mortgage in the past. Some of the highlights of this program are the following. FICO scores down to a 500. 1 score is […]

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February 18, 2014
FHA Back To Work Program Eliminates Seasoning on Bankruptcy, Short Sale, and Foreclosure

An FHA loan program that is flying under the radar since August 2013 can help many previous homeowners who were a victim to the recession, or experienced unemployment or other severe reductions in income, a second chance in obtaining a home loan, without having to wait the standard 2 -3 years, if they have filed […]

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December 9, 2013
Waiting Period For Short Sale, Bankruptcy, and Foreclosure to buy a House with FHA financing

With the recent improvements in the economy and almost all economic reports coming back positive, it looks as though we have weathered the storm, and are on the upswing. We have been through a major housing crisis, a recession, and record high unemployment rates in the last 5-6 years. During this time, many people filed […]

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November 6, 2013

Rent in the Denver market the last couple of years has absolutely skyrocketed. See a listing for an apartment on Craigslist, and be prepared to show up with a check if you are planning on securing an apartment to rent. A 2 bedroom apartment in Capital Hill is running about $1200 a month, up year […]

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March 13, 2013
What is the Difference Between Modular and Manufactured Homes?

Aside from your standard Single Family Residence, Condo, and Townhome, there are 2 other types of home that will come up while you show your buyers property. It is important that you understand these types of homes, and the traditional types of financing involved for manufactured, prefab, and mobile homes, and more importantly, the lenders […]

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March 11, 2013
How To Earn Up To $2000 Tax Credit Annually For Buying A Home in 2013

The Mortgage Credit Certificate, aka MCC, is a certificate issued by certain state and local governments that allows a taxpayer to claim a tax credit for part of the mortgage interest paid during a given year. This program is offered in Colorado, and our company, The Mortgage Network is proud to offer many types of […]

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March 7, 2013
Can you Buy a Home with Collections on your Credit Report? Depends

Depends on who you talk to. If you talk to a retail banker with only a couple of loan products, they will tell you NO. If you talk to a correspondent lender with more loan products available then a retail banker, they will tell you NO If you talk with a mortgage broker, with knowledge […]

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March 4, 2013
What to do when the SELLER does not pay closing costs - Homebuyer TIP

Buying a home will be one of the biggest financial commitments you will make in your life, and pre-buying jitters can scare off even the most seasoned of buyers. They want the house, that is no question, however they should be able to get it at the lowest cost, at the best interest rate, and […]

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March 1, 2013
How to Get A Mortgage 1 Day After A Short Sale

Speak to 99% of Real Estate Professionals and they will all tell you the similar response when asked how long it takes after short sale to get a mortgage. "3 years". While that has truth to it, it does depend on your unique situation and what kind of loan that you have. This article discusses […]

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February 28, 2013
FHA 203K Lending For Your Next Purchase or Refinance Rehabilitation Renovation Loan

FHA 203K Rehab Lending For Your Next Purchase or Refinance Private money lending is GREAT! I love the concept of being able to borrow money at 10-12% with 4 points, for a period of 6 months. After that, I love it more when the lender penalizes me each month thereafter until I am able to […]

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February 25, 2013
Obtaining a Reverse Mortgage in Colorado

Recent Changes to Reverse Mortgages Recently, there have been a lot of changes in the reverse mortgage market in Colorado, and other states in the U.S. This has led to speculations amongst people as to what the HECM home equity conversion mortgage - product will be like in 2013. The HECM mortgage product is programmed […]

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February 22, 2013
Useful Information For First Time Home Buyers in Colorado

Purchasing your first home is not an easy task and can be very stressful. A lot of things need to come together to be able to make the purchase. For example, you'll have to talk to a lot of people and complete an ample load of paperwork. However, first and foremost, you should understand that […]

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February 20, 2013
15 or 30 year fix Mortgage? Depends on How Much Money You Want To Burn

A common misconception buyers think is that a 15 year fix mortgage will be twice as much payment as a 30 year fixed. Lets consider the following example: Purchase Price - $250,000 - Down Payment 20% - $50,000 Loan Amount - $200,000 Interest Rate 30 year fix - 3.5% Payment For Principal and Interest - […]

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February 19, 2013
Lower Down Payment Alternative to FHA Mortgage

It is no question that FHA is getting worse and worse to deal with. On April 1st, 2012 what used to be a 5 year requirement for already expensive mortgage insurance, will be changing to a 30 year requirement for FHA loans. Forget the 78% LTV requirement, or having 20% equity in your home. It […]

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February 18, 2013
How To Apply For A Reverse Mortgage in Colorado

aka (HECM) Home Equity Conversion Mortgage You can apply for a Reverse Mortgage when you become 62 years of age. You have worked very hard to own your home, and the Reverse Mortgage can be a great way to help supplement your retirement income. The Reverse Mortgage is designed for many different purposes as you […]

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February 13, 2013
Dude Wheres My Refinance? HARP 3.0 Reality or Wishful Thinking

HARP 3.0 is what people in the industry are calling, is what Obama was referring to last night, in his State of The Union Speech. Every Responsible Homeowner who is able to make their mortgage payments, will be eligible for a refinance, regardless of what the home is worth. Watching the State of the Union […]

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February 6, 2013
Documents Required When Applying for a Loan

When applying for a loan, there are specific documents you need to bring in order to be considered. Sometimes it is a little unclear about what to bring, so below I have written a little bit about each document needed. There are many types of home loans so the requirements might vary depending on which […]

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February 1, 2013
How to choose a Harp 2.0 Loan Lender

I know how hard it is to find the best lender for a Harp 2.0 loan. Since you are not obligated to use your original lender to obtain a refi under Harp 2.0, you get to make the choice of which broker of bank leader you use. I have listed several easy tips to help […]

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December 7, 2012
What IS a Harp 2.0 Loan?

In this day and age, loans can be an extremely confusing fact in life. One loan that has been coming under question recently is the Harp 2.0 loan. With many confused loan holders, there has been many questions regarding this loan and to how it works. What is the Harp 2.0 Loan exactly? The HARP, […]

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May 2, 2012
Home Values Start The Year Strong in 2012

According to the Federal Home Finance Agency's Home Price Index, home prices rose a seasonally-adjusted 0.3 percent between January and February 2012.

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May 1, 2012
Mortgage Guidelines Resume Tightening Nationwide

Despite an improving U.S. economy, the nation's banks remain cautious about what they will lend, and to whom.

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April 30, 2012
What's Ahead For Mortgage Rates This Week : April 30, 2012

Mortgage markets were mostly unchanged last week for the second straight week.

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April 27, 2012
Pending Home Sales Index Crosses The 100 Barrier

After a series of worse-than-expected data last month, the housing market appears to be back on track.

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April 25, 2012
A Simple Explanation Of The Federal Reserve Statement (April 25, 2012)

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.

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April 25, 2012
New Home Sales Revised Higher In February; Slip 7% In March, 2012

Sales of new homes ticked lower in March, unexpectedly.

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April 24, 2012
The Fed Starts A 2-Day Meeting Today. Make A Strategy.

The Federal Open Market Committee begins a 2-day meeting today. Mortgage rates are expected to be volatile for the next 48 hours.

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April 23, 2012
What's Ahead For Mortgage Rates This Week : April 23, 2012

Mortgage markets were mostly unchanged last week, breaking a three-week winning streak.

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April 20, 2012
Existing Home Sales Slip In March

In March, for the second straight month, home resales slipped nationwide.

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April 19, 2012
Nevada Relinquishes "Top Foreclosure State" Title

Last month marks the first time since July 2007 that foreclosure filings numbered less than 200,000 on a monthly basis -- a span of nearly 5 years.

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April 18, 2012
HARP 2.0 Finally Starting To Take Shape and HELP Underwater HomeOwners

With the recent HARP changes in March, it looks as though the demand for this product has been extremely high, and that is no surprise at all. With markets like Florida, Las Vegas and Arizona underwater by as much as 500%, Fannie Mae and Freddie Mac have finally come together to help these ailing homeowners […]

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February 12, 2012

Well that is not the exact title of it, however with all of these new programs being created the last few weeks, a 25 billion dollar bailout being created, and the President of the United States calling for a 4% refinance for every homeowner who is upside down on their mortgage, you might as well […]

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February 5, 2012
Where HARP loans are right now, and what to look forward to

HARP loans right now are making up a majority of the origination activity for refinances simply because millions of homeowners are upside down on there home loans, and have not been able to get the relief they have been looking for until recently. One of the factors that have been preventing these homeowners from refinancing […]

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January 28, 2012
Navigating Through The Smoke, The Mirrors, and The OBAMA Refinance Plan

It's 2012 people, and what does that mean besides the End of The World? You guessed it, it's an election year, where candidate hopefuls pull out all the stops to let America know exactly what it needs to fix things. A Magic Pill if you will, to make everything bad go away. If you watched […]

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January 21, 2012
Will HARP 2.0 Help Homeowners Underwater on Their Current Mortgage?

In my humble opinion, the answer is yes. I take Colorado mortgage refinance applications every single day on this particular kind of loan, and I consider myself an advocate in helping my clients get the answers they need, and more importantly, lining them up with the correct mortage lender for their specific HARP 2.0 refinance. […]

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January 2, 2012
HARP 2.0 Program Ready To Roll On Wholesale Lending Side

On October 24th of 2011, the Federal Housing Finance Authority (FHFA) annouced a key update to the already struggling Harp program, entitled HARP 2.0. It has taken a couple of months for my wholesale lenders to intrepret the laws regarding this program, and what guidelines they will have in place for you to refinance your […]

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July 27, 2011
95% Loan with No Mortgage Insurance vs. FHA Loan

FHA has tripled their mortgage insurance premium over the last year and a half to 1.15%. On a $300,000 loan with 3.5%, you will be paying $287.50 a month for a minium of five years, which equates to $17,250. In my opinion, this is a complete waste of money for you to spending. A much […]

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July 12, 2011
Tips on finding a General Contractor for your FHA203K Loan

Hiring a General Contractor is the most important step in putting together your rehabilitation FHA 203K Loan. The final bid contract estimate will be the ultimate driver in determining what your after improved equity situation will actually be. The numbers are crucial in putting together a project with enough after improved value, so that you […]

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April 4, 2011
HUD Consultant is "Big Brother" on FHA 203K Rehab Loan

When you do FHA 203K Loans as either a purchase or a refinance, and have over 35K in renovations, either structural or not, you have to have a HUD Consultant, approved by FHA to monitor your rehab project, but more importantly, sign off on the initial general contractor bid, before the loan goes into underwriting. […]

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March 9, 2011
FHA 203K Standard Loan --The True FIXer UPPer Loan

The FHA 203K loan has been around since the 1970's however the reason why you don't hear about alot of them being done, is either the borrower is aligned with an in-experienced loan officer, who does not want to take on the challenge of additional work and time to close, or you just don't know […]

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February 23, 2011
The Best Home Loan Known To MAN!!! FHA 203K

With rising interest rates looming on the horizon, it is a safe bet that refinancing activity will be diminishing over the next couple of years. In addition, many strongly believe, including myself, that in some pockets of Colorado, there is no strong bottom on this market. Foreclosures are prevalent, and this will cause to bring […]

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April 13, 2010
Updates on First Time Home Buyer Credit 2010

With only two weeks left until the first time home buyer credit expiring, many people are wondering if the government will extend this program again. After the first extension of this $8000 non-refundable tax credit, many first time home buyers rushed at the opportunity on closing, to get the credit. Recent home sales indicate that […]

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March 23, 2010
Benefits of an FHA Loan

It is no question that the mortgage industry has been evolving and constantly changing since the subprime crisis hit in 2007. One of the best loan programs, still available is the FHA loan. This is possibly the best home loan program for a first time home buyer with limited access to financial assets. Here are […]

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