It might take a bit more than "luck" of the Irish to help you buy or sell your next Denver Colorado home - with the deteriorating mortgage market situation. However, good loans still exist for those borrowers who haven't had credit problems! Some parts of the Denver real estate market are selling WELL too - with multiple purchase offers - including the DTC area (Centennial/Greenwood Village) and Highlands Ranch.
The most challenging part of of buying or selling - is being able to secure a mortgage loan in advance that you qualify for. Even buyers with great credit are facing an uphill battle and higher monthly mortgage insurance when applying for loans. Gone are the days of easy qualifying...so please do plan in advance to get pre-approved for your mortgage loan financing. Most experienced Realtors, like yours truly, won't even take you out house shopping until you have mortgage financing completed FIRST!!! You'll be crying in your green beer if you lose the "home of your dreams" because you procrastined getting a Loan Approval done, only to find out you weren't easily qualified like you were 2-3 years ago.
It takes more corned beef and "cabbage" to get loans closed now - so NEVER wait until the last minute. Many fine home deals are available now - and some very nice foreclosure buys too - if and only if you can get a loan! Don't miss out on a great time to buy in many Denver suburban neighborhoods - the bottom of the pot-of-gold in NOW.
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2 comments:
Really appreciate the fact that you take the time Jeff to share your words of wisdom. I look forward to reading more of your blog.
Great words of wisdom that you provide. I look forward to obtaining more information on how to finance.
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