The Boulder Blog
Pay Cash Today, Finance Later
When you find the perfect home to buy, timing is everything. Quick action with a cash offer may be required, based on our low-inventory real estate market. You may be hesitant to tie up your cash, but it's the only way to make a winning bid. Fortunately, with delayed...
How Strong Is Our Current Housing Market?
The 2022 housing market started as a strong seller’s market but weakened as rates increased over the spring and summer. Enter into 2023, when homes are staying on the market longer, seller concessions have increased, and home values have decreased slightly. We have...
Home Insurance Coverage a Year After the Marshall Fire
Rebuilding Efforts in Superior, one year after the Marshall Fire On December 30, 2021, the Marshall Fire devastatingly swept through residential parts of Boulder County. The incident was a grave reminder of what homeowner’s insurance policies covered and what steps...
Media Hype on Mortgage Rates
There is a typhoon of information focused on the housing sector and mortgage rate environment circling the airwaves these days. The press generally sells sensationalism through headlines and often misses the reality of what is really happening. While no one has the...
Is Money Better Spent on Extra Mortgage Payments or Recasting?
In the current rising interest rate environment, our clients are asking about the benefits of paying more each month on their mortgage as well as what it means to “recast” the loan. Will your overall financial picture be improved by reducing your mortgage principal or...
Credit Scores Are Crucial for Homebuyers
Credit plays a very important role when it comes to purchasing a home. Your credit score demonstrates your history of debt payments to entities that loan you money. There are three credit bureaus (Experian, TransUnion, and Equifax), and each bureau scores credit...
Lower Your Interest Rate with a 2-1 Buydown
The housing market is ripe for a type of financing known as “2-1 Buydown.” (Here is a short article that was published on January 6, 2023, where I am quoted.) Simply put, the buyer reduces their monthly interest rate on their mortgage for the first two years. The...
Mortgage Volatility vs. Stability
Looking Back: In our last blog (Feb 2022), we indicated that there were three main factors at play in what promised to be a year of transition – inflation, lack of real estate inventory, and an abundance of home buyers. All three ended up growing over these last five...
Certain About Uncertainty – Factors Affecting Mortgage Rates
All indications point to another very interesting year in 2022 for mortgages and real estate. If anything is certain in the year ahead, it is that uncertainty awaits. There are many influential issues to tackle, and as your trusted mortgage loan consultants, we always...
Holiday Shopping – for Homes
We are all busy buying gifts in December, but traditionally we slow down when it comes to buying homes during this time of year. Based on the level of purchase activity last December, still historically low interest rates, and incredibly tight inventory, we expect...