Latest from the Mortgage Blog
Denver's home inventory is at less than 1 month!
Based on a recent Re/Max study, Denver has the lowest inventory of homes for sale in the US, at less than 1 month! 6 months of supply is considered a healthy equilibrium, so this is a serious seller's market. Call me today to secure your pre-approval, so you are ready to go. There is no time to get pre-approved, after the home you love comes on the market, as popular price points, in popular areas are selling in hours. I can help make sure you are ready to make an offer.
8 Rules that must NOT be ignored when buying a home
Once a buyer is pre-approved, there are still some things that can make a transaction go wrong. Here are 8 rules that must not be ignored:
1) Don't buy a new car or trade-up to a bigger lease
2) Don't quit your job to change industries or start a new company
3) Don't switch from a salaried job to a heavily-commissioned job, or to a job that pays you via a 1099, instead of a W-2
4) Don't transfer large sums of money between bank accounts
5) Don't forget to pay your bills -- even the ones in dispute
6) Don't open new credit cards -- even if you're getting 20% off
7) Don't accept a cash gift without filing the proper "gift" paperwork
8) Don't make random, undocumented deposits into your bank account