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 | Jan 4, 2011 | Blog, Buying A Home, Mortgages
Most mortgage products are fairly plain, simple, and straight forward. However, there are a few programs that may help you get a loan approved, make your purchase more affordable monthly, and/or lessen your need for a large down-payment – if you meet the...
by Jon Terry | Mar 31, 2010 | Blog, Buying A Home, What to Avoid Buying a House
Do’s and Don’ts When Buying a Home Don’t move money around and don’t buy a car while trying to buy a house Given the high amount of foreclosures in the past few years, lenders have tightened requirements for loan approval. Now, buyers and...
