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fha: FHA raises mortgage insurance premium and may hurt Denver Metro home values - 02/24/11 11:48 AM
The FHA is boosting the annual mortgage insurance premium charged on its home loans, a move that will increase the cost of an average FHA mortgage by about $30 a month.
Effective April 18, the FHA is increasing the annual mortgage insurance premium (MIP) on 30- and 15-year fixed-rate mortgages by 25 basis points, or one-quarter of one percent of the total loan value. The action is intended to help replenish the agency's capital reserves, which have been depleted due to losses on bad loans in recent years.   The move almost immediately implements one of the Obama administration's recommendations for … (1 comments)

fha: WOW! Lots of Character. - 03/16/10 01:51 PM
This 1929 Denver home is in need of renovation but almost any qualified owner occupant / buyer can get an FHA 203k home renovation loan and make this property in the home of your dreams. The 203k loan will enable you to borrow the extra money to do almost anything from designing the kitchen of you dreams, bathroom remodels, new flooring, windows, roof and may other renovation projects. The home across the street was listed at $299,900 and is currently under contract.  If you would like more info about this home or a FHA 203k loan click http://www.theedgegroup.net/content/contact.html or call us … (1 comments)

fha: Buying a Foreclosure - 03/10/10 11:46 AM
Most people think that buying a foreclosed home is a good deal. But what is a good deal? If looking at many foreclosures, putting in many offers which many are rejected, no FHA available financing, many repairs required and the lender selling the home as is looks like a good deal then foreclosures are for you.
 
A lot of my buyers over the last several years start out wanting to look at foreclosures and distressed properties but end up buying a home from a regular seller or a fix and flip investor. I was at a seminar yesterday and was … (3 comments)

fha: FREEDOM FROM FINANCING FEAR! - 03/26/09 02:56 PM
If you're planning the purchase of your first home, you're probably experiencing two conflicting emotions - excitement and apprehension.  The positive energy from your excitement is an asset in your home search, but the negative energy from your fear of the unknown is a liability you can leave behind once you're armed with some basic information.
 
Paramount to buying your first home is understanding how much you can afford.  You can start with any number of online financial calculators, and once you've established a budgetary picture, take the all-important next step - loan pre-qualification.
 
Pre-qualification may sound intimidating, but … (0 comments)

fha: Lender Owned Homes not accepting FHA financing - 02/05/09 09:31 PM
Trying to sell lender owned homes to FHA buyers can be very frustrating, time consuming and an extremely long process. Most of the REO listing in the MLS will say they accept FHA financing but when they have other offers for either Cash or Conventional terms it seem like the FHA offer gets put at the bottom of the stack. I have had buyers put in offers for $20,000 over the listing price only to beat out by a cash (investor) buyer offering 10s of thousands less than my buyers offer. I understand bank wants to liquidate these properties but I … (10 comments)

 
Paul_re_tought

Paul Gruber CRS, e-PRO

Littleton, CO

More about me…

The Edge Group Inc

Address: 7138 W Roxbury Ave, Littleton, CO, 80128

Office Phone: (303) 980-0799

Cell Phone: (303) 886-5991

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