Tag Archives: Mortgages in Denver

The 10 Commandments of Applying for Home Financing

February 4, 2013

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The 10 Commandments of Applying for Home Financing   When buying a home, there are some common mistakes that buyers make regarding financing.  To make sure that your home loan is on track and doesn’t incur any delays – or worse! – be sure to follow these 10 Commandments, courtesy of Joe Massey, Castle & […]

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Mortgage Rates Still Low, But Expected to Rise

August 29, 2011

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Mortgage rates remain low, but lenders are forecasting a rise in rates. Here are the current rates, provided by my good friends at Denver Mortgage Company:   30 year Fixed – 4.375% 15 year Fixed – 3.375% FHA 30 year Fixed – 4.0% FHA 15 year Fixed – 3.375% Non-Owner 30 year Fixed – 5.00% […]

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The Fed Is Meeting Today. Should You Float Or Lock Your Mortgage Rate?

August 10, 2010

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We can’t be sure what the Fed will say or do this afternoon so if you’re floating a rate right now and wondering whether the time is right to lock, the safe choice is to lock before 2:15 PM ET today.

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The Fed’s June Minutes Keep Mortgage Rates In Rally-Mode

July 16, 2010

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At 7,333 words, the June Fed Minutes is the unabridged version of the more well-known, post-meeting press release. The corresponding press release was just 360 words. It turns out, the Fed’s words are doing wonders for mortgage rates.

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Should You Refinance Your ARM, Or Let It Adjust Lower?

July 15, 2010

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If your adjustable rate mortgage is due to adjust this year, don’t go rushing to replace it just yet. Your soon-to-adjust mortgage rate may actually go lower this year.

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Adventures in Refinancing: the Good Faith Estimate

March 24, 2010

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A “Simplified” GFE? Making the Good Faith Estimate More Transparent May Make it More Difficult to Close I have been living in the same home for almost 8 years now.  It is cozy and has enough room for my family.  We have designed it to suit our needs and updated or upgraded paint, bathrooms, basement. […]

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Part 2: The New and Improved GFE? How to Protect Yourself

March 24, 2010

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In my last post, I began to tell you a little about my adventure with the “Good Faith Estimate” or GFE for my home loan.  Here, as they say, is the rest of the story: So I called my friendly Chase consultant AxA.  Knowing that this was not the final GFE, I also knew that […]

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Do you trust your lender? Bank of the West Costs Buyer the Deal

November 12, 2009

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Today on the Tom Martino radio show, a caller phoned in to share an unbelievable story.  Only it was all too true. The buyer and his wife had found their dream home after going to Bank of the West and getting a prequal letter.  They negotiated a successful offer on the property and were under […]

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