Shelli Dore, Realtor - Helping Metro Denver Colorado Buy & Sell Real Estate
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July 2008 - Posts

Thursday, July 31, 2008 6:12 PM

First Time Home Buyers – What They Mean to the Real Estate Market

Fortune magazine ran a timely and informative article on the housing market recently, affirming a lot of what has appeared in these missives regarding the relationship between price and demand. In short, Fortune noted that lower prices are enticing more
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Wednesday, July 30, 2008 11:53 AM

Raising Your Credit Score

Many buyers need to raise their credit score to qualify for a loan these days. Every credit report is different, but one of the main things that most people can do to raise their score is to pay down the balances on their revolving accounts (credit cards).
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Wednesday, July 30, 2008 8:13 AM

5556 E 130th Dr in Woodbridge Station is Sold!

Woodbridge Station, Thornton - The single story at 5556 E 130th Dr has been sold. Property information
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Wednesday, July 30, 2008 8:11 AM

12281 N Holly Way in Wright Farms is Sold!

Wright Farms, Brighton - The 4-level split at 12281 N Holly Way has been sold. Property information
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Tuesday, July 29, 2008 4:13 PM

Information about FHASecure

How can FHA help homeowners stay in their homes? FHASecure gives homeowners with non-FHA adjustable rate mortgages (ARMs), current or delinquent and regardless of reset status, the ability to refinance into a FHA-insured mortgage. With FHASecure, the
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Monday, July 28, 2008 7:07 AM

Rates & Weekly Update

Interest rates have continued their roller coaster ride last week ending up slightly better than the previous week. FHAs and conforming conventionals are ranging from 6.625% to 7.125%. Jumbos are running from 8.125% to 8.875% . 3/1 Jumbo ARMS are starting
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Friday, July 25, 2008 9:09 AM

5 Easy, Inexpensive Ways to Add Value and Comfort to Your Home

When the housing market is hot, it seems like just about any project is a good investment for boosting your home's value and appeal. But when the market's tight, you want to be more selective about which projects you undertake and what you expect
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Thursday, July 24, 2008 8:40 AM

Credit Report Question

Q: Why does my credit report show that I am 30 days late on the same account for the past year? I was only late once a year ago. A: That is what as known as a "rolling 30-day late", which means you have paid on time every month since you were
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Tuesday, July 22, 2008 6:42 AM

FHA Facts

Some interesting facts about FHA: FHA loan submissions have increased by 300% since 2007. Over 50% of purchase money loans in the Colorado market place in 2008 have been FHA loans. FHA underwriting guidelines are continuously changing; some major changes
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Saturday, July 19, 2008 6:50 AM

Interest Rate - Weekend Report

It's been an ugly week for mortgage bonds which have lost 140 basis points since last Friday. On average, rates have increased about a 1/2%. Rates for the weekend: FHAs and conforming conventionals are ranging from 6.750% to 7.250%. Jumbos are running
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Friday, July 18, 2008 9:34 AM

Understanding What Causes Interest Rate Movement

Consumers are often misled when it comes to the subject of the Federal Reserve and how it affects mortgage interest rates. Often the media is the culprit causing the confusion. In the last few years, the Fed has taken action that caused mortgage interest
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Thursday, July 17, 2008 8:47 PM

More Information on Down Payments

Due to heightened standards in the mortgage industry, no-down payment loans are hard to attain, and down payments have once again became the preference for lenders. Here is some advice for your buyers when they are planning on a down payment for a home.
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Tuesday, July 15, 2008 4:43 PM

You are too Blessed to be Stressed!

1. Take a 10-30 minute walk every day. And while you walk, smile. It is the ultimate anti-depressant. 2. Sit in silence for at least 10 minutes each day. Buy a lock if you have to. 3. When you wake up in the morning complete the following statement, ‘My
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Tuesday, July 15, 2008 4:38 PM

Credit Remediation

If you are in need of credit remediation, you should seek to align yourself with a credible referral source for credit repair. While government web sites will suggest that self-help may be the best option, keep in mind that it requires discipline and
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Monday, July 14, 2008 9:16 PM

Recession Winning Strategies for Selling Your Home

The fact remains that buying a home is a highly emotional purchase. Emotion is driven much by perception - perception of the marketplace; perception of the marketing; perception of the home itself. When a buyer views a home online or in person, within
Posted by Shelli Dore, CRS, GRI, ABR | 0 Comments
Saturday, July 12, 2008 11:14 AM

Rate Update

If it had not been for Friday, we would have shown a nice improvement in mortgage rates from last Thursday. As it is, the rates are still slightly better than last week. Rates for the weekend: Ø FHAs and conforming conventionals are ranging from
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Friday, July 11, 2008 8:35 AM

Mortgage Question & Tip of the Day

Mortgage Question & Tip of the Day Effective August 1, 2008, Fannie Mae is instituting a 2-year waiting period before someone who sells their house in a short sale can qualify for a loan that will be sold to Fannie Mae. Currently, there are no guidelines
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Thursday, July 10, 2008 2:23 PM

The Market This Week

Last week, rates edged higher on positive economic news. However, after last week's jammed economic calendar, the week ahead looks timid at best. But could this be what rates need to stabilize? Rate Probability: Sideways to Higher After returning
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Wednesday, July 09, 2008 7:26 AM

Certified Mortgage Planners

Just a few words about the changing mortgage loan market and lenders: There are some loan officers in the area that are telling people that FHA has eliminated the down payment assistance programs. This is VERY misleading. First, this is a proposal from
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