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cherry creek mortgage: AmeriDream Down Payment Assistance Program Window Closing - 10/30/07 03:52 PM
The mortgage lending landscape continues to evolve week by week and another important development relatesto down payment assistance programs. Property seller-financed Down Payment Assistance Programs known as DAPs are no longer an eligible source of funds for FHA loan programs.
One such program known as The AmeriDream program www.ameridream.org/ has been granted an extension through February 29, 2008. This will allow time for borrowers who had planned to use this resource to enter lock, close and fund transactions with in the migration time-line.
Borrowers seeking 100% financing continue to see their options narrow as the industry adjusts in the wake of high foreclosure rates … (3 comments)
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cherry creek mortgage: CMPS Institute Committed to Excellence in the Mortgage Industry - 10/12/07 01:43 PM
This year I completed a process which resulted in my being awarded the designation of Certified Mortgage Planning Specialist(CMPS) by the Certified Mortgage Planning Institute http://www.cmpsinstitute.org/
The process included a preparatory exam followed by a two day session with a number of the most highly respected trainers in the mortgage planning industry sharing best practices and preparing us for the accreditation exam. It was a very rewarding experience and the knowledge gained has been used to provide expert advice for our clients. I want to share the core commitments of the CMPS Institute, which we have adopted fully as part of our … (1 comments)
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cherry creek mortgage: My 20,000 Point Salute - 10/12/07 12:25 PM
I discovered Active Rain while snowed in for a few days last winter at the recommendation of my friend and Active Rainer Ken Deshaies www.activerain.com/kentheauthor. I have loved being part of the Active Rain Community having met many wonderful and passionate professionals along the way. Blogging has become a real joy for me and it has been rewarding to have found many new clients and exchanging ideas with fellow industry professionals as a result of my blogging efforts.
Reaching 20,000 points is just a baby step - like going from crawling to walking. Small as it may be, the step represents allot of blogging, great exchanges of ideas, many comments … (5 comments)
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cherry creek mortgage: The New Mortgage Market Reality for Realtors, Buyers and Sellers - 10/12/07 11:29 AM
I have posted a number of blogs over the past few months concerning the mortgage industry meltdown and the resulting impact on home-buyers and Realtors across the country; among the blog post are theses:
Realtors, Are You Sure The Buyer Is Qualified to Buy Your Listing?
Note to Realtors: The Lender Holds Your Paycheck
The Winds of Change are Blowing in the Alt A and Sub-Prime Markets
Two More Examples of the Lender Holding the Realtors Paycheck
Realtors - Please Don't Throw Your Lender Unders the Bus.....Maybe
Although I have felt from the beginning that the problem was much more serious than many thought and proved to … (0 comments)
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cherry creek mortgage: Real Estate Investment Strategies: County Tax Lien Sales - 07/12/07 07:33 PM
When it comes to investing in real estate there are many avenues to explore when identifying a property, financing structure or hold and exit strategies. One option for many investors who have limited cash reserves or who desire a limited risk strategy could be county tax sales.
County tax sales provide an opportunity for investors to purchase liens resulting from delinquent property taxes.
An investment in a property tax lien should be viewed as a potentially long-term investment with a predetermined return on investment (ROI) not as a pure real estate investment. Keep in mind that you are not purchasing an ownership … (1 comments)
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cherry creek mortgage: Douglas County Housing Partnership First Time Buyer Success Story - 07/03/07 07:13 PM
I just settling down yesterday with my second cup of coffee and the morning paper and my day was instantly made. Denver Post reporter Joey Bunch wrote a story titled "Helping Workers Live Close," which addresses the challenges faced by many suburban communities across the country. In many fast growing suburban communities finding affordable housing is difficult and few communities have successfully developed programs to assist the would-be buyer.
The part that made my day was the fact the one of my clients, John Purchio, was highlighted and he was certainly one of our most appreciative participants in the program. Mr. Purchio fit the … (2 comments)
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cherry creek mortgage: Understanding Property Tax Allocations and The Impact on Your Community - 06/05/07 12:57 AM
Last week I wrote a post entitled Property Taxes a Hot Topic in Douglas County Colorado concerning the re-appraisal of properties in Douglas County, Colorado http://www.douglas.co.us// and the resulting increase in tax assessments for property owners in Douglas County. Regardless if you decide to protest your reassessment or accept the adjusted tax amount, I think that it is important to understand how your tax dollars are allocated to understand the value they represent.
The above illustration is a breakdown of tax allocations from an actual tax payer's property tax summary in the Stonegate Village sub-division in Douglas County taken from the Douglas County Assessors office website … (0 comments)
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cherry creek mortgage: A Salute to the “Visionary Optimist,” the Real Estate Developer - 05/22/07 08:56 AM
Today, I sat down to read the May 18-24 edition of the Denver Business Journal http://www.denverbusinessjouranl.com/ , as a real estate professional I was impressed by the number of stories announcing the ground breaking of residential housing projects in the central core of Denver, Colorado. By far the most ambitious of these is being carried out by my client and friend Randy Nichols of The Nichols Partnership. The project is known as Spire Denver http://www.spiredenver.com/ and when completed it will be one of the largest buildings to grace the Denver skyline and "the tallest residential tower between Chicago and Las Vegas" … (2 comments)
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cherry creek mortgage: Unique New Program Allows You to Tap Into the Future Value of Your Home Today - 05/21/07 12:26 AM
First My Disclaimer: This program is not suitable for everyone; in fact not every property is eligible. This program can only be offered by a certified consultant and it should only be used after careful consideration by the client and at the recommendation of the consultant that it is suitable for the client.
For the purpose of discussing this unique program, I will refer to the financial instrument as a "Real Estate Equity Exchange Agreement," and the facilitating company as "the investor."
In recent years consumers have begun to accept alternative methods to utilize equity in their homes other than the traditional equity … (0 comments)
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James Holmes
Denver,
CO
More about me…
Chartwell Mortgage Corporation
Address: 10475 E. Park Meadows Drive, Suite 550, Littleton, CO, 80124
Office Phone: (888) 850-6100
Cell Phone: (303) 523-9503
Email Me
I want to add value in exchange for the time that you invest in visiting my site. I have spent more that twenty years in the real estate and mortgage industry and I am passionate about our wonderful profession.
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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