Latest from the Mortgage Blog
We have a new home!
Hello!
I am excited to announce that we are now Hallmark Home Mortgage!
Although a big change we are still the same great team, providing the same great service!
Are loans still closing on time? YES!
Are loans still closing under budget? YES!
All with NO surprises? YES!
So is anything REALLY changing? Actually YES!
Underwriting turn times will be faster.
We will be introducing new loan products and services like Rehab and New Construction Loans!
We are excited for the future and cannot wait to provide you the service and support you have grown to love!
Denver Home Values Continue Their Rise
According to the latest Case-Shiller report, Denver home values set a new all time record! That has some folks concerned about another bubble, but in my opinion that is not the case at all. Unlike the previous record in 2006, this market is very healthy and sustainable. The value run up in 2005 and 2006 was fueled by no documentation loans, down-payment assistance programs, no down payment loan programs, and sub-prime loans. Since the bubble burst in 2008-2009, today's buyers are subject to the strictest loan guidelines in 30 years, everything regarding down payment, employment and income is documented, and they need to put a down payment down (except for VA loans). These things make all the difference in the health of the market, and the performance of the loans being done. This market is healthy and sustainable!
http://www.bizjournals.com/denver/news/2013/11/26/denver-home-prices-set-another-record.html