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Monthly Archives: October 2017

    Up-front Points to Lower the Rate

    By Christi Reece | October 31, 2017

    When loans are quoted by lenders, most buyers pay attention to the interest rate but not so much to the points that may be charged along with the rate. A point is one-percent of the mortgage amount and considered pre-paid interest that affects the yield on the loan. Buyers or sellers can pay points but... Read More

    Debt Relief May Trigger Tax

    By Christi Reece | October 23, 2017

    The Mortgage Debt Forgiveness Act, originally passed in 2007, was extended three times to protect homeowners from paying income tax on debt that was relieved due to foreclosure, short sales or deed in lieu of foreclosure. The law expired on December 31, 2016 and unless it is extended again, homeowners with debt relief in 2017 may be... Read More

    Indecision is Not a Decision

    By Christi Reece | October 17, 2017

    There could be some legitimate reasons for not buying a home but indecision is not one of them. Indecision is rooted in not having enough information to move forward to own a home or continue renting. If you keep renting, at the end of the year, you have had a place to live and a... Read More

    Risk Rate Relationship

    By Christi Reece | October 9, 2017

    Regardless of what a lender quotes on mortgage rates, the actual rate a borrower pays is based on a number of variables. Lenders determine whether to loan money and at what rate based on the risk involved with the transaction. Factors that increase the risk that the loan will be repaid will proportionately increase the... Read More

    A Tale of Two Markets

    By Christi Reece | October 4, 2017

    Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets. In the starter and trade-up home categories, there were significantly more buyers than there were homes for sale, causing a seller’s market. In the premium, or luxury,... Read More

    614 20 Rd, Grand Junction, CO 81507

    By Christi Reece | October 4, 2017

    How big can you dream? Make your dreams a reality when you move into this stunning Redlands estate in Grand Junction, Colorado. With over 4 acres of prime real estate near the red rock cliffs and canyons of the Colorado National Monument, you can relax by the custom swimming pool, hot tub, outdoor kitchen, and... Read More

    Better Homeowners

    By Christi Reece | October 4, 2017

    Better Homeowners Pre-approval is Good for Everyone Buyer’s mortgage pre-approval is good for everyone in the transaction. It saves time, money and removes the uncertainty of knowing whether the buyer will be qualified after negotiating a contract. The direct benefits include: Looking at “Right” homes – price, size, amenities, location Pre-approval is good for everyone.png... Read More

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Our agents write often to give you the latest insights on owning a home or property in the local area.