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Getting a Mortgage if You’re Self Employed – A Few Tips
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Getting a Mortgage if You’re Self Employed – A Few Tips

In Denver Real Estate, Mortgage Rates | on April, 05, 2014 | by

Self Employed - I'm the Boss!With the reduction in the number of employment opportunities that followed the financial meltdown that we are all so very familiar with, thousands of people throughout Colorado State decided to take matters into their own hands and carved out employment opportunities of their own by becoming self-employed. While taking this employment route has proved to be beneficial for many people, it can make it harder to either refinance an existing mortgage or obtain a new one, since the lack of a regular, fixed income makes this group a riskier investment for financial lenders. However, if you are self-employed and looking to work with a real estate agent in Denver on a home purchase, that doesn’t mean to say you won’t be able to get a mortgage; it just means you’ll most probably have to make more of an effort.

I’m Self Employed: How Can I Get Approved for a Mortgage

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Getting a Mortgage with a Bad Credit Score

In Mortgage Rates | on March, 04, 2014 | by

Borrowing money from banks and other types of financial institutions has become considerably harder since the financial crash, with qualifying requirements tougher than they have ever been before. Gone are the days when you could get a 100% mortgage wherever you went; these are like dinosaurs now, they don’t exist, they’re extinct. Nowadays even if you’re in a position to put down a large deposit and you have a secure job that pays a respectable salary, you still might be turned down. You can’t exactly blame banks and building societies for being extremely cautious though, as no-one wants a repeat of what happened in 2008! Nevertheless, if you do have a bad credit rating you might be feeling that purchasing property is now nothing but a pipedream, unless you happen to win the lottery that is. But fear not, it is still possible to get a mortgage and buy real ... Read More

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How to Get the Best Mortgage Rates Around

In Denver Real Estate, Mortgage Rates | on February, 28, 2014 | by

denver mortgage ratesAre you in the process of looking at the current homes for sale in Denver? If that’s the case, you will most likely need to apply for a mortgage loan if you do find a property that you fall in love with. At this point you’ll probably get told to “shop around” and “explore your options” and while it’s definitely a good thing that there are so many different mortgage loans available, a fact which keeps rates as competitive as possible, it can be difficult to know where to start if you’ve never been through the process before. If you talk to a real estate agent in Denver, they will tell you that the first step is to obtain information about your credit score (most people don’t know what their credit score is before applying for a mortgage), which can be obtained from most financial institutions. It’s also wise ... Read More

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The Most Popular Tax Deductions For Homeowners

In Denver Real Estate | on September, 17, 2012 | by

Homeowners like to save money. Whether it’s a decision to refinance, add energy efficient windows or heating or cooling system, there are many ways to unlock “secret” value in your home. But the best way a Real Estate Agent Denver would advise you of is annual tax deductions.
Here are the top tax deductions to be aware of.

  • Refinancing expenses for your Colorado Real Estate. If you refinanced and paid points or a fee based on the loan amount, you may qualify for a deduction. But unlike points paid on a new mortgage, those paid on a refinance are written off over the life of the loan. Each point generally equals one percent of the loan value.
  • A Realtor in Denver also knows about foreclosures and mortgage workouts. If a lender forgives a debt, that amount is normally considered taxable income, but a 2007 tax law allows homeowners to exclude
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Boost Your Chances of Getting Pre-Approved for a Mortgage

In Denver Real Estate, Mortgage Rates | on July, 30, 2012 | by

As the years-long real estate slump begins to subside, lenders are still making it difficult for even the most credit worthy buyers to qualify for a mortgage. As a result, it’s become more important than ever to pre-qualify for a mortgage before you go shopping for Homes for sale in Denver. But before you embark, there are a number of ways you can boost your chances of pre-qualifying.

  1. Real estate school denver teaches about the benefits of paying down debt, and it’s true for everyone who wishes to secure a mortgage. The key is to reduce or eliminate as much monthly debt as possible, like car payments, student loans, and credit cards before submitting a mortgage application. It’s important to try and reduce your debt to income ratio. But with the mortgage meltdown, lenders are tightening their requirements, some going as far as stating that an applicant’s total housing expenses
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