On January 1st, 2015, the Department of Housing and Urban Development reduced the FHA mortgage loan limits back down to pre-2008 levels in 688 counties nationwide. Most of the counties in Colorado experienced only minor reductions to their limits. However, due to Weld County’s high composition of many small towns and rural areas, HUD officials […]
Want to Live in Denver? Tips You Need!
(Dennis Martin: Once again my friend and “go-to mortgage lender” Jimmy Kinley has totally relevant advice for would-be home buyers and Denver Realtors) Why not, it’s awesome!! The Mountains, The Weather, The Dining, The Sports and Entertainment, Wow! Are we having fun yet or what? It may be “OR WHAT” if you are trying to […]
Denver Mortgage Rates Decline
The Denver real estate market has not changed that much lately. We are still seeing home prices shoot up and competing offers on almost every single listing priced below $500,000. What is starting to change is the trend for mortgage interest rates is down, borrowers are better educated by their Realtors, and some credit guidelines […]
Denver Mortgage Outlook for 2014
(Dennis Martin: I am submitting this analysis by Jimmy Kinley. He has been my loan officer for many years. He always hits the nail on the head and is a straight shooter. I really like how optimistic he is in spite of possible higher mortgage interest rates in 2014) By Jimmy Kinley Qualified Residential Mortages […]
New Interest Rates Boost Mortgage Payments
What in the world has happened to mortgage interest rates? This week already we have seen the lowest conventional rates crest at 4.7%. That is more than 1% higher than we were seeing earlier this month! It shoots a huge hole in home affordability with some conventional loans going up $300 per month overnight. That could […]
Are Mortgages Getting Easier Yet?
by Jimmy Kinley, Senior Mortgage Advisor, Coldwell Banker Home Loans I wish I could say current mortgage loan guidelines in Denver are loosening, but it just wouldn’t be true. It seems there are two different sides to this. One side says “Nobody can get a loan” and the other says “You can, but it’s a […]
Consider Short Term Loans At Lower Rates
Affordable real estate and historically low mortgage rates have created a new, excellent buying opportunity for those considering the purchase of a new home or resale home in Denver or suburbs like Reunion. Want to make the numbers look even better over the loan term? Consider a shorter 15 or 10 year mortgage rather than […]
Watch out for FHA Financing Townhomes
Buying a townhouse near Reunion, Colorado or anywhere in the Denver metro area can have problems. For instance, suppose you are looking to buy either a townhome or condo unit in Reunion. You find the perfect place. Just the right number of bedrooms and baths, a garage, nice community, parks, well kept and priced right. […]
Hurry to Beat FHA Fee Increases
(Ed. Note: We have known Jimmy for years. His home loan advice is accurate and important. That’s why we want you to know about FHA loan costs) By Jimmy Kinley, Senior Mortgage Advisor Well, FHA is at it again. They are upping the Up Front Mortgage Insurance Premium (MIP) as well as the monthly premium […]
Denver Mortgages Change, Again
It seems like Denver mortgages are changing every day. There are two, new important changes any potential buyer should know about before starting the home loan process. First, if you have heard that getting a home loan takes tons of documentation and patience, that’s right. Only now it will become harder and more intrusive. It’s […]