New lenders allow buyers to purchase homes with cash

Blog, First Time Buyer tips, Mortgage & Finance

In the Denver metro area’s fiercely competitive housing market, cash is king. Given two offers of the same amount—one cash and another from a buyer taking out a loan– sellers will naturally snap up the cash offer. Meanwhile, some buyers without mountains of...

Nervous about buying your first home? Don’t fall for these 5 myths

Blog, Buying a Home, Mortgage & Finance

Buying a home after renting for years can seem like a scary proposition. After all, most homebuyers end up locking themselves into a 30-year financial commitment with a bank—a relationship that lasts longer than some marriages! But many fears are overblown and often...

Lawmakers hope to raise money by killing Gallagher Amendment

Blog, Mortgage & Finance

As the coronavirus takes its toll on jobs, resulting in lower tax revenue, the Colorado budget is on life support. As a result, state lawmakers are taking aim at the Gallagher Amendment, which effectively reduces residential property taxes. In November, voters will be...

How to protect your credit in troubled times

Blog, Mortgage & Finance

As if we didn’t have enough problems simply holding onto our sanity during a global pandemic, those out of work now face another worry: declining credit scores. As bills pile up, it’s no surprise that many will find their credit ratings at peril. Fortunately, lenders...

Low interest rates may provide relief in hard times

Blog, Mortgage & Finance

As the coronavirus brings economic hardships to so many Americans, there’s a sliver of good news: current low interest rates. In March, mortgage rates dropped to 3.29%, the lowest since Freddie Mac began tracking rates in 1971, according to Forbes. Since then,...

As tax season approaches, read this primer on capital gains

Blog, Mortgage & Finance

Did you sell a substantial asset last year? As we near tax season, it’s important to understand the tax consequences that result when gains occur. First, let’s define our terms. “As the Internal Revenue Service points out, just about everything you own qualifies as a...