Archive for 'Financing'
Benefits of Interest Only Mortgages for Steamboat Real Estate
(This article is guest-authored by Holly Rogers of Capital Mortgage Advisors. For more information on financing Steamboat real estate, call Holly at (970) 879-8765.)
You’ve found the Steamboat Springs house you want to buy, you’ve made an offer, and now you’ve got to decide how to pay for it. With all the options available […]
Posted: May 22nd, 2008 under Financing.
Comments: none
Financing Steamboat Springs Real Estate in 2008
Anyone in the market for Steamboat Springs real estate knows that Steamboat real estate loans are harder to get than they were in the easy credit days.
Here are a few guidelines about the changes:
Steamboat condotels are harder to finance and have higher rates than traditional condominiums. Some things that flag a property as […]
Posted: April 17th, 2008 under Financing.
Comments: none
Five Ways to Improve Your Credit Score
If you are looking to finance Steamboat Springs real estate, your credit score is key to a good interest rate. A low credit score means higher interest rates or being denied credit, both which will prevent purchasing the home or condo you want.
Here are some tips to repair your credit score so […]
Posted: April 5th, 2008 under Financing.
Comments: none
Steamboat Springs CondoTel Interest Rates are Super Low
Ed Albright at Columbine Mortgage passes along this information about financing Condotels in Steamboat Springs (read here what a Condotel is):
Loans up to $417,000 at 90% LTV 5/1 ARM Interest Only at 6.0% with 1% Origination Fee
Full Documentation only. Payment of $500 / month […]
Posted: April 4th, 2008 under Financing.
Comments: none
Routt County Conforming Loans Increase to $675,000
Interested in financing a Steamboat Springs, Colorado ski condo or second home? Financing terms just got better for Steamboat real estate buyers who need larger loans.
Fannie Mae and Freddie Mac have responded to the sub-prime crisis by temporarily increasing jumbo conforming loan limits. Routt County, Colorado, conforming loan limits have increased to […]
Posted: March 13th, 2008 under Financing.
Comments: none
Buy Now–If You Finance, Falling Prices Will Not Matter
If you are planning to purchase Steamboat Springs real estate and standing on the sidelines waiting for prices to fall, don’t bother. Go ahead and buy now.
I know what you are thinking: “What? I’ll lose money. I want to buy when the market bottoms out.” Besides the fact that Steamboat is […]
Posted: March 1st, 2008 under Financing.
Comments: none
Jumbo Loan Rates are Coming Down
The recent credit crunch stalled plans for a lot of Steamboat Springs home buyers who could no longer qualify for a mortgage or who put off purchasing a new home when they saw the higher interest rates for jumbo loans. Jumbo loans–loans for more than $417,000 that do not meet terms and conditions […]
Posted: January 17th, 2008 under Financing.
Comments: none
Steamboat Springs Real Estate Interest Rates as of 12/29/07
Interest Rate Information is courtesy of Holly Rogers, Capital Mortgage Advisors, at (970) 879-8765.
Today’s 30 year fixed rate as low as
5.875%
Conforming Rates
(417,000.00 & under)
30 year fixed 5.875%
15 year fixed 5.375%
Posted: December 29th, 2007 under Financing.
Comments: none
How Will Tightening Credit Standards Affect Steamboat Real Estate?
Anyone looking to buy or sell Steamboat real estate knows our market is hot, hot, hot. However, a few out of town buyers are asking how the new credit situation will affect Steamboat.
Without the benefit of a crystal ball, I have to say the fundamentals behind purchasing Steamboat real estate a month ago are […]
Posted: August 12th, 2007 under Financing.
Comments: none