RECENT BLOG POSTS
I have a borrower who was interested in a home here in Denver, CO. He instructed his buyer's agent to put in an offer, and the agent called the seller's agent to discuss. As soon as the seller's agent found out that the buyer had FHA financing, she immedietely said the offer would be turned down....
03/25/2013
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, and more importantly, the lender...
03/13/2013
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...
03/11/2013
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 from 2007, ...
03/07/2013
Buying a home will be one of the biggest financial committments 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 the...
03/04/2013
Speak to 99% of Real Estate Professionals and they will all tell you the simliar 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. If you currently have an F...
03/01/2013
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 get a refinance completed. I kid, of course, but that is the reality...
02/28/2013
Reverse Mortgages in Colorado 2013   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 mortg...
02/25/2013
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 who...
02/22/2013
A common misconception buyers think is that a 15 year fix mortgage will be twice as much payment as a 30 year fix. 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 – $8...
02/20/2013
Rainer
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Brian Quigley - 720-524-3215

COBROKER1 - NMLS#2085418 Beacon Lending
local_phone(720) 524-3215
smartphone(720) 949-5630
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