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arvada rentals: Arvada Real Estate Trends: Buy and Hold Investing - 12/16/08 10:11 AM
Loan Considerations for Buy and Hold InvestorsAs far as investment loans, little or no money down loans are impossible.  However, lenders do permit the use of Home Equity Lines of Credit or second mortgages from other properties owned by the borrower as a source of down payment.  Or, self-employed borrowers are using funds from business lines of credit to fund down payments or renovations (please note: there are asset seasoning guidelines for doing so and the debt incurred by accessing other credit lines must be accounted for against the borrower’s debt-to-income ratio). Thus, we have clients leveraging themselves with other homes … (0 comments)

arvada rentals: Arvada Real Estate Trends: Understanding Your FICO Score - 12/16/08 10:04 AM
What is a FICO score?FICO stands for Fair Isaac Corporation, a company that created the most used credit scoring model in the United States.  An individual’s credit score is calculated through a statistical algorithm and is used as a factor in determining the likelihood of a borrower defaulting on a loan.  FICO scores are generally used for obtaining mortgages, car loans or consumer credit.  The scores are provided from the three major credit reporting agencies: Equifax, Experian and Transunion.  Typically, there is a variance amongst the scores since each agency has a slightly different scoring formula.  FICO scores range from 300 … (0 comments)

 
Mwelk_lft2

Michael Welk

Arvada, CO

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Keller Williams Avenues

Address: 11445 W I-70 Frontage Rd, Wheat Ridge, CO, 80033

Office Phone: (720) 484-8676

Cell Phone: (303) 263-3217

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