7 Mortgage plans to choice from.

Here is a breakdown of 7 different types of mortgages and there payments based on a $240,000 loan. 30 year Fixed Rate: Currently a 6.7% interest rate, and your payment would be $1,544. 30 year Interest Only: Currently 7.5% interest rate, and your payment would be $1,350. 15 year Fixed Rate: Currently a 6.22% interest rate, and your payments would be $2,052. 1 Year ARM: Currently a 5.71% interest rate, and your payments would be $1,387. 3 Year Hybrid ARM: Currently a 6.31% interest rate, and your payments would be $1,476. Option ARM: Currently a 1% interest rate, and your payments would be $772. 50 year Loan: Currently a 7% interest rate, and your payments would be $1,402. If you want to discuss these loans more, please contact us at 720.373.2669.

Spring Cleaning

The spring cleaning time is a good time to do a lot of house matenience around the home. It allows you to keep you home up, which is important two ways. One, if and when you put your home on the market, having those little things done around the house will make your home show so much better and will make it easier to get an offer. A dirty home, worn out home does not show as well and makes it harder to sell. Another nice thing, if you do the spring cleaning you will be able to enjoy those nice things about your home instead of the new buyer only enjoying them.

Over 29,000 homes to choose from!

Last year at this time there were 24,360 homes on the market. This month there are 29,045 homes on the Denver Metro Real Estate market. What does this mean? There is A LOT of competition. This is good for a buyer, where one owner might not take your offer, but the guy next door might. As a seller, it is not so good. You will see lower offers from buyers and you might not get as much as you were hoping for.

higher interest rates still good

Yes, interest rates are going up. Yes, they are higher than they have been in the past 4 years. But rates are still good. They are not where they were 6 years ago or even back in the 1980's. Can you imagine if you had a 11% interest rate from 1980's? At 7% on a $250,000 loan, your payment would be $1,663. With a 11% interest rate that payment would be $2,381!!! So if you are thinking about buying, don't hesitate. Do it now before the rates get higher.