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Home Buying in Parker : Real Estate Advice

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  • Local Info7
  • Home Buying20
  • Home Selling7
  • Market Conditions3

Activity 41
Fri May 19, 2017
Kathy Burgreen answered:
The issue is the costs of doing the loan for the lender. You need to understand even though you qualify, lenders pay a cost for writing mortgage loans and set minimum dollar amounts so the lender can make a profit. Unfortunately, most lenders have a minimum of $100,000. and they will not write loans under $100K. A few lenders will go down to $80K but no lender will give mortgage loans under $80K. It's too expensive and the lender will not make a profit.

Your best bet is to try credit unions or small banks and see if they are flexible. You may need to take out a personal loan. Be careful with interest rates and fees. You may get charged higher rates and fees to cover the costs to the lender so they can make a profit.
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Tue May 16, 2017
Jesu49 answered:
I would let it go up. It goes up quarterly. The higher the better, plus you will have you debt reduced in that time. Win-win
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Fri Feb 24, 2017
Carol Forsythe asked:
Tue Jul 5, 2016
Home Buyer asked:
We found a house which is located in good neighborhoods, but unfortunately we came to know there is a low income community is coming next to our house. We are not sure whether it's…
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Sat Mar 12, 2016
Scott Godzyk answered:
Trulia does not edit listings oosted by agents, you have to have the agent who added teh listing edit it,. Once sold, they may not be able to eidt it after a certain amount of time
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Fri Mar 11, 2016
Robndenver asked:
address is 15576 E Maiden Hair Lane, Parker, CO 80134
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Fri Mar 11, 2016
Robndenver asked:
address is 15576 E Maiden Hair Lane, Parker, CO 80134
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Wed Mar 2, 2016
Nic Netherton answered:
Thomas,

You won't necessarily need to get the old credit reject removed so much as you'll need a new mortgage lender willing to take on your file and address the primary reason they can approve the file when the previous lender couldn't.

We are a local Colorado direct FHA endorsed lender and would be happy to see if we can provide some help for your situation. Feel free to contact us directly at nnetherton@houseloan.com

Or on the direct line at 970-590-5021
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Wed Mar 2, 2016
Nic Netherton answered:
Johnny,

What type of mortgage loan will you be applying for? FHA, conventional or VA?

If you are planning to get an FHA mortgage that DTI should still work as they will allow for it to be as high as 56.99%, with conventional you might have such luck.

If you would like a second opinion on your loan file feel free to let us know, we would be happy to assist.

Nic Netherton
970-590-5021
nnetherton@houseloan.com
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Thu Sep 24, 2015
Michael Glist answered:
Well that will depend on exactly how you use it. If you plan on staying there at least 30 days out of the year than you can finance it as a 2nd home and will need to put down 10% or more. If you use it a a rental and do not stay there you will need to put 20% or more down. So it will all come down to how you will use it. Feel free to reach out to me with any questions. ... more
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Tue Jul 28, 2015
USMortgageRanger answered:
Hi Mbentrott,

Congratulations on your decision to purchase a home in CO. Your question as it relates to down payment and closing cost assistance there is no programs that would not take the combine household income as a deciding factor. What is possible is who the deal is structure, as you have the option to offer more for the home as long as it will appraise for that value then have the seller gift the additional funds back in the form of closing cost. We at Capital One have a Jumbo loan product that would suite your needs as it requires just 10% down and no PMI with rates currently better than all conventional mortgage on the market.

I would be delighted to provide you with some mortgage options, (this does not require us pulling your credit) that will allow you to make the best decision for your family. I can be contacted via my profile information for a no obligation consultation. My Office hours are 08:00 AM-08:00 PM Mon-Fri and Fri and Sat 08:00 AM-06:00 PM CST.

Lowell Sterling
Mortgage Banker
NMLS 968898
Capital One Bank
Phone (469) 315-1709
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Sat Jul 11, 2015
Jean Lee-Baker answered:
The key is communication. Ask the sellers what is important to them. Every seller's situation is different. Whether it is price, move-in date, rent back option, etc. To some sellers, knowing the future owners of their house is important. So if you (as represented by your Realtor) do your homework, you will gain an edge in today's competitive market. ... more
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Sat Mar 14, 2015
Edward Maddox answered:
Wed Dec 17, 2014
Jerry Dolan answered:
Typically these are something to avoid. It is my experience that underwriters see them as negative and they will affect the resale value.
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Tue Aug 26, 2014
Nancy Doyle answered:
As the other have said, Yes! You really want to protect your interests. A buyers agent will work for you at no additional cost. Many think that if they don't use an agent they will save on price. That is usually just the opposite.

Best of luck,
Nancy
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Thu Jul 24, 2014
Darrick Gilliard answered:
There are a couple options. If you are able to be APPROVED with your loan just needing an address to complete the transaction is best; this will also offer a quick closing if that is what is desired.... NO contingency. CASH is KING.

Have your inspection, title work and appraisal dates within 8-10 days of the contract date.

Hope this Helps!
Darrick
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Mon May 19, 2014
RonS answered:
One of the best neighborhoods in the entire state, or any state for that matter. Incredible school districts. You will have mor problems with deer than you will with crime. I would put it above Castle Pines Village if for no other reason that proximity to traffic although, I believe it has many other attributes that put it above Castle Pines.

It took me 15 minutes to get to I/25 when I lived there.
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Mon Apr 14, 2014
jamesws answered:
Golden Design Group Inc. built my home in 2001. We bought this in 2011. The agents said great things about this builder vs. others in the area. We are pleased with our home. It looks like there is good quality work that was done. Unfortunately, they are out of business according to the BBB. Good luck.

Out of Business
According to information in BBB files, this company is no longer in business. If you have an unresolved dispute with this company you may wish to seek legal advice.

Government Actions
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.

On May 23, 2012, an indictment was issued against this business by a federal grand jury in Denver, Colorado. Charges filed indicate the business owner, Peter Capra, executed a scheme to defraud mortgage lenders through the use of applications for residential mortgage loans and related documents associated with real estate purchases in the Denver Metro area. On March 24, 2014 Capra was found guilty of 14 counts of wire fraud, two counts of mail fraud, and 10 counts of money laundering. The matter is final.

A copy of the US Attorney's Office press release can be read here:http://www.justice.gov/usao/co/press releases/2012/May2012/5 24b 12.html
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Mon Apr 14, 2014
Lynne Wright answered:
Of course a refinance costs $$$$$$ or a significant increase in your balance ;)

Lynne Wright HGTV Featured Realtor Parker CO
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