A bridge too far?

Getting the timing right when buying a dream home and selling a current residence can be difficult, but apparently taking out a bridge loan to fill in that gap can be even more difficult. True bridge loans, in which the existing home equity is tapped to pay a down payment on a new home, are […]

Buy A Home wth cash?

Purchasing a home entirely in cash might seem far-fetched to some, but a combination of tight lending practices and investor activity in the market is making cash sales more common. Nationwide, the number of homes purchased in cash has doubled over the past five years, from 19 percent of home sales in 2006 to up […]

Interest rates are low – but beware rising fees

With interest rates hovering between 3 percent and 4 percent for the past six months, potential homebuyers may not be paying attention to another set of numbers: increased mortgage fees. As of April 1, lenders must pay an extra 0.1 percent in guarantee fees to Fannie Mae and Freddie Mac for securitizing loans. This increase […]

Mumbo jumbo

Congress appears set to allow home-loan guarantees to roll back to pre-stimulus levels, but some real-estate experts in the Boulder Valley seem to believe the local market can take the move in stride — some, but not all. “Essentially, you will be able to get less of a mortgage at an affordable interest rate,´ said […]

High-End, High-Risk

High-end homeowners worried about being fully insured may look no further than the recent tragic outcomes suffered by victims of the FourMile Fire: policies that were not kept up to date, underinsured homes or homes not insured at levels covering rebuilding costs, possessions not itemized — all of these are big concerns for high-end homeowners, […]

Promising signs

Single-home sales in Boulder Valley over the first half of the year appear to closely match those of 2010, but that actually has real-estate experts pointing to a market-driven recovery. In Boulder County, sales during the first six months of the year dropped about 11 percent compared with the first six months of 2010, but […]

In Dodd We Trust

Who’s afraid of the Dodd-Frank Act in the local mortgage business? Well, nobody and everybody, as it turns out. Because as it stands today, Dodd-Frank is not that big of a deal for mortgage bankers, but what the act may become in the future has them on the edge of their seats. “We are all […]

Budgeting for the high end

If there’s one big opportunity out there in the Boulder Valley housing market, it may be for those looking to move up into high-end homes, especially homes in the $1 million to $4 million range. Opportunity in the real estate market does not come without some pitfalls as well, but consumers who do their homework […]

Return of the jumbo loan

The jumbo loan is back, and apparently no one in the real estate business has ever seen its like before. “It’s one of the biggest catalysts we have in this feeding frenzy for homes in the luxury market,” said Scott Franklund, who specializes in homes valued greater than $1 million as the owner of Legendary […]

Promising signs

Single-home sales in Boulder Valley over the first half of the year appear to closely match those of 2010, but that actually has real-estate experts pointing to a market-driven recovery. In Boulder County, sales during the first six months of the year dropped about 11 percent compared with the first six months of 2010, but […]