by Jon Terry | Oct 12, 2011 | Blog, Buying A Home, Buying in a Recession, Mortgages, Residential Real Estate
This Month I will highlight the second of the five most important loan programs about which consumers need to know. The Colorado Housing and Finance Authority or CHFA was created in 1973 by the Colorado Legislature to address the shortage of affordable housing in the...
by Jon Terry | Oct 11, 2011 | Blog, Buying A Home, Buying in a Recession, Credit, Foreclosure, Mortgages, Residential Real Estate, Short Sale
In these difficult economic times, I am commonly asked whether it would be better to have a short sale or a foreclosure on ones credit report. The answer is complicated and has lot of moving parts. A short sale shows up on your credit report as a “derogatory...
by Jon Terry | Sep 23, 2011 | Blog, Buying A Home, Buying in a Recession, Credit, Mortgages
Pay your bills on time- Pay your bills on time, every time! One way to make sure your payments are on time is to set up automatic payments on the creditor’s website or from your banking institution. Make sure that you have enough funds to clear the account,...
by Jon Terry | Aug 16, 2011 | Blog, Buying A Home, Buying in a Recession, Credit, Mortgages, Selling a Home
Your credit report shows information about how you have used credit, such as how much credit you have, how much of your available credit you are using, whether you have made your payments on time, and whether anyone has sent a loan you owe to a debt collector.A credit...
by Jon Terry | Nov 16, 2010 | Blog, Buying in a Recession, Investors, Selling a Home
I had a great discussion with a client today about folks who are waiting for the bottom of the market. It was his opinion that waiting would be very foolish. I tend to agree with him because, unfortunately, I have not found anyone who has been able to predict the...
by Jon Terry | Oct 5, 2010 | Blog, Buying A Home, Buying in a Recession
Over the last 2 years, we have seen tremendous corrections in the housing market, meaning almost across the board, the price of homes have come down. There was a time when we all took the housing market for granted. A once “no-brainer” decision to invest...