If your Colorado mortgage is set to adjust this year, the smart move may be to let it. Today's conforming mortgages are adjusting lower than ever before -- as low as 3 percent. It may not be what you expected when you signed for your ARM several years ago. The reason why ARMs are adjusting lower is because of how they're made. When conforming adjustable-rate CO mortgages adjust, they adjust according to a pre-determined formula. The formula is the sum of a constant and a variable. The constant is usually 2.25 percent and the variable is a daily-changing … (0 comments)
colorado home loa: Co Mortgage: 7 Weeks Remain To Find A Home, Claim Up To $8,000 In Tax Credits
- 03/25/10 05:42 AM
Co Mortgage In November, Congress extended and expanded the Colorado First-Time Home Buyer Tax Credit program to include a subset of "move-up" buyers -- homeowners that have owned and lived in their home for 5 of the last 8 years. The credit ranges up to $8,000 per buyer. There's now just 7 weeks left to take advantage. To be eligible, Colorado home buyers must be under contract for a new home no later than April 30, 2010, and must be closed no later than June 30, 2010. In addition to meeting the deadline dates, there's a basic set of requirements to … (0 comments)
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