Your credit score is one of the most important financial tools you have. And just like any tool, it will only benefit you under certain conditions. First of all, it needs to be inspected for any defects. Many people don’t bother to examine their scores for various reasons.

Anytime you are thinking about investing in real estate you want to look for ways to save both on the front end and at closing. Even the smallest savings can add to your bottom line.

For many when they think of the lenders perspective of making a loan, they often think about a group of people sitting in a smoke filled room making decisions about who they will loan money to based on whatever the current economic conditions are. While this is somewhat true, lending is about assessing risk, meaning judging your risk to repay the loan back to the lender.

REO literally stands for Real Estate Owned. This means that it is a house or a property that is owned by a bank, usually after it has been unsuccessfully sold at a foreclosure auction. This is more common than not since the property values are often less than what is being asked for by the bank, with loan balances, interest, and fees, and so the property is then owned by the bank. It might be a lucky opportunity for investors, depending on the property.

I am excited to bring everyone a sneak peak at our newest rehabbed listing located in the heart of Aurora Colorado. This 2 unit side by side, Brick duplex features identicle units. Both units have the same floor plan and finishes. Located close to stapleton on a large lot with a nice fenced in court yard.

FHA stands for ‘Federal housing administration’ and the loan program is specially to provide an opportunity of purchasing a unit in a non-approved condominium project where Federal housing administration is limited. This cannot be used to circumvent the general requirement before the approval of mortgage on a unit insured by Federal housing administration loan.