by Jon Terry | Oct 10, 2016 | Blog, Luxury Homes, Mortgages, Personal Finance, Selling a Home
Selling a house can be downright stressful. Here are seven such doubts that most sellers experience and should be ignored, and one to consider when placing your house on the market. My home won’t sell. It’s not the right season. The housing market doesn’t slow down in...
by Jon Terry | Jul 5, 2016 | Blog, Buying A Home, Mortgage Guidelines, Mortgage Rates, Mortgages, Personal Finance
The other day, a client came into my office and asked me about a using a reverse mortgage to purchase a property. They said they had heard some negative things from relatives but had recently seen articles that painted a very different picture. They asked for my...
by Jon Terry | Oct 8, 2013 | Blog, Buying A Home, Mortgages
The reasons to buy a home before 2014 include everything from rising mortgage interest rates and home prices, to falling affordability indexes, rising interest rates, and the fear of inflation. Reason #1: Interest Rates Will Rise One problem with historically low...
by Jon Terry | Jan 10, 2013 | Mortgage Guidelines, Mortgages, Short Sale, Taxes
Under normal circumstances, debt forgiven as a result of a short sale or mortgage modification would count as income for tax purposes. Lenders send out 1099s to account for the amount of the debt they have forgiven. However, the Mortgage Forgiveness Debt Relief Act...
by Jon Terry | Jun 27, 2012 | Blog, Federal Reserve, Mortgages
The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday. For the fifth consecutive meeting, the Fed Funds Rate vote was nearly unanimous. Just one FOMC member, Richmond Federal...
by Jon Terry | Jun 25, 2012 | Blog, Business Savvy, Mortgage Rates, Mortgages
It’s a money-saving time to be a Denver area home buyer. Historically, mortgage rates of all types — conventional, FHA, VA and USDA — have never been lower and low mortgage rates make for low monthly payments. According to Freddie Mac’s weekly...
