Whether you are first time home buyers purchasing your dream home, or refinancing an outstanding loan, we'll work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs.
🤔A FICO Score is a three-digit number based on the information in your credit report. It helps lenders determine how likely you are to repay a loan. For a mortgage, the FICO score is also a big factor in what interest rate you will be offered.🏡
You can think of a FICO Score as a summary of your credit report. It measures how long you've had credit, how much credit you have, how much of your available credit is being used and if you've paid on time.
FICO Scores are calculated using many different pieces of credit data in your credit report. This data is grouped into five categories: payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10%). The FICO score that a mortgage lender uses is not usually the same as one you may get on your own, through services like CreditKarma.👈
Your FICO Scores consider both positive and negative information in your credit report. Late payments will lower your FICO Scores, but establishing or re-establishing a good track record of making payments on time will raise your credit score.
🚨If you'd like to learn more about your credit score, and what interest rates you could qualify for, let me know. I can help provide you with the information you'll need to get a low rate on your next mortgage. 😀
Listen up folks!
Where should I travel to today?
To give you an idea....this is what the mortgage market looked like this week!! 🤦♂️
🛑 STOP renting 🛑 start building wealth for yourself vs building someone else’s.
It's important to know how to break down your mortgage payment so you know what your monthly costs are.
What you're really paying for:
- MI/HOA (optional)
It's always best to look at the full picture vs. just the mortgage payment itself.
If you're thinking about becoming a homeowner, these are the 3 questions you should start thinking about BEFORE talking to a lender!
A question I get a lot, why is the score you (my lender) pulled so much lower than the score my credit card app or Credit Karma or other various sources showed? Check out this great explanation from Sam Parker owner of My Credit Guy Credit Restoration.
It will be interesting to watch this development play out in the future. What are your thoughts?
5280.com The River Mile is coming. But who, really, is behind this transformational project, and how might it shape our city’s future?
Thinking of buying a home in a metro tax district? I'd highly recommend you read this article first.
reporterherald.com A Denver Post investigation into the workings of metro districts found a governmental system that operates without the usual oversight of voters, restrictions on conflicts of interest, or the usual…
Your Debt-to-Income Ratio (DTI) is a way to measure an individual's ability to manage monthly payments and repay debts.
DTI is calculated by dividing total recurring monthly debt by the gross monthly income and it is expressed as a percentage.
EXAMPLE: 45% (Front end)/55% (Back end) = DTI
If a homeowner has a mortgage, the front end DTI ratio is usually calculated as housing expenses (such as mortgage payments, mortgage insurance, etc.) divided by gross income.
A back end DTI is usually the percentage of gross income going toward other types of debt such as credit cards or car loans.
For conventional loans our goal is to be under 45%, 55% applies to FHA loans.
Too funny not to share. Thanks Dallas Becker (can’t tag you from a business page). If you don’t understand the agents reaction let me know.
Tips to keep in mind when buying or refinancing your home. One of the many tips I give to buyers during pre-approval process and once under contract.
Can you relate?
Curious what areas of the city are most affordable? True, Denver is EXPENSIVE...but you can still get good value on a home in the RIGHT Denver neighborhood (see linked article). Plus, the equity, property values, and appreciation rates in the more affordable Denver neighborhoods will SKY ROCKET over the next few years. Think of it as an investment.
westword.com Home prices under $300,00 can still be found in Denver metro.
303magazine.com Fall brought with it the official end of the 2019 Red Rocks season. The final show is always bittersweet, but this year it’s a little easier to accept. Before closing, a few shows for next ye…
Check out the October Real Estate market stats from the 11 counties of the Denver Metro Area: Adams, Arapahoe, Boulder, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson and Park. Thanks Evan Harris and Homestead Title Company for sharing.
Ever wonder what those expensive title fees are when purchasing or refinancing a home? In reality those policies are to protect you the consumer as well as the lender.
realtor.com Not all title insurance providers are created equal. These questions will help you find the right one for you.
Happy Halloween! 🧟♂️
5 reasons to buy in the fall/winter.
1. Fewer buyers to compete with
2. Lower prices
3. Realtors are less busy = more attention to you!
4. Motivated sellers
5. Less multiple offer situations
Super excited for snowboard season 🏂. Do you have your pass yet?
After another 5" of snow this morning, that leaves us with 11" in 48 hours and a total of 19" for the season! ❄️
I highly recommend you check out this video. Unbelievable Home ownership Stats. Be sure to check out the links below their video.
theresource.tv Did you know that Tacoma, WA has experienced a 1443% increase in median home values in the last 7 years?!?
Looking for a great motivational video? If so check this out.
How to deal with failure and bad situations. Excerpt from the Jocko Podcast (iTunes). Video by Echo Charles. Join the Conversation on Twitter: @jockowillink ...
Who made it up to Summit County to make some turns this weekend? Of course A Basin fast tracked their opening to beat Keystone and steal their thunder.
303magazine.com Ski season is officially on, and with it comes some serious competition. After the news broke that Keystone was going to nab the title tomorrow as the first resort to open for the season, Arapahoe …
Realtor friends still need some continuing education hours or just want to learn more about credit? If so I'm co-hosting a course next Tuesday morning with Alexandra Erlich with My Credit Guy Credit Restoration and Evan Harris owner of Homestead Title Company at Thrive Workplace Arvada's amazing new co-working space. Be sure to register here: https://homesteadtc.com/ev…/certified-credit-education-2ce/…
If you know me I'm a huge fan of Copper Mountain, great to see the Winter Dew Tour announcement. https://www.summitdaily.com/news/copper-mountain-resort-to-host-dew-tour-next-two-winters-beginning-in-february/?utm_source=BusinessDen+Daily+NewsFeed&utm_campaign=0c496ce667-EMAIL_CAMPAIGN_2019_09_09_11_35&utm_medium=email&utm_term=0_e8b1506f0c-0c496ce667-148125509
summitdaily.com COPPER MOUNTAIN — This winter’s Dew Tour will be in Summit County after all — just on the other side of Tenmile Canyon. Copper Mountain Resort will host the Winter Dew Tour ski and snowboard...
Don't make the mistake of not using a Realtor by leaving money on the table, check out the comparison.
How to decide between a HELOC and a cash-out refinance. Want to explore your options? Give me a call.
housingwire.com Home equity loans are on the rise with interest rates convincing more homeowners to stay put, and studies predict this trend isn’t about slow down anytime soon. But if a homeowner is considering using some of their equity, how do they decide between a line of credit and a cash-out refinance? Here ...
Interesting read, definitely some surprises, neighborhoods you'd expect to see don't make the list. https://www.5280.com/neighborhoods/?fbclid=IwAR1aq-eolIx0V67yHy01E4i3uQVMBYFHtwKTof1r-djIVnm0Hj7sLEKqAsQ
5280.com We've crunched the numbers to find the 25 best places to live in Denver now—plus what nearby eateries, shops, and more you can enjoy once you’re settled.
Curious why mortgage rates dropped yet again last week? https://www.marketwatch.com/story/stocks-drop-oil-market-crushed-bond-yields-fall-as-trump-tariff-announcement-stokes-growth-fears-2019-08-01?fbclid=IwAR0_KuHx8JEZQfa0cbLpFWwt5Dn0NrL6ns_p9LTf559bSfR5rTcE_RZzCVQ
marketwatch.com President Donald Trump’s plan to impose additional tariffs on Chinese goods homes in on investors’ biggest fear.
New DMAR stats.
#DMARstats tell us 5 things to know:
1. Inventory is up
2. Starter homes still lag
3. Price reductions are becoming more common
4. Great time for buyers, but beware of red flags
5. Expect more scrapes
[06/16/19] Interest rates are very low right now, great time to get rid of private mortgage insurance, lower your rate, or even consolidate debt. Give me a call to discuss your options!
You've heard the horror stories...how hard it is to qualify, the mounds of paperwork you have to provide, the difficulties and delays. Not to mention the fighting, shopping, and haggling to get a good rate.
I've got great news...
I'm here to solve that for you. My job is to breakdown a complex transaction and make it easy for you. Some of the horror stories of buying a home is due to someone using a “professional” who doesn’t know what their actually doing, or maybe they just don’t pay attention to the details.
Jeremy is known for his determination, expertise and dedication to making your dream home become a reality. From customer service to client education, and a knack for translating technical mortgage elements into layman’s terms. No question or concern is too big or too small. You can feel confident relying on him to make this process as straightforward and simple as possible. Whether you need the mortgage to buy a home, or are looking to refinance for a better rate or some cash out of your property, I can help.
Jeremy was born and raised in LeMars, IA and obtained a Bachelor’s Degree in Economics at the University of Iowa. Shortly after, he moved to Denver where he met his wife, Melinda. Together, they a beautiful son Theodore and are expecting another child in January. In his free time, Sean enjoys snowboarding, golfing, and hiking with his family.
I look forward to hearing from you.
Whether you are moving into Colorado because you have heard great things about us or you are a native looking for a new home this is the place for you.
I am licensed in Ohio and Colorado. I can do Conventional, FHA, VA, USDA and reverse mortgages.
Lockstep Mortgage is a local Colorado mortgage company serving the needs of homeowners and homebuyers with their home financing. NMLS # 1245420
Bestrates saves our clients thousands of dollars from loan origination through the amortization of your mortgage. Ask Dan Phillips how.
Whether looking to purchase a home or refinance your current property, I can help you get the perfect mortgage option to fit your financial situation.
All lines insurance agent - home, auto, life and business insurance
Mortgage Loan Originator NMLS-1231002