Mortgages - Are there still options available?

With today’s ever changing real estate & mortgage market many people are asking the question…“Are there still mortgage options available”? The answer is a resounding YES!! Although many of the Sub-Prime and 100% financing programs have been discontinued, well qualified borrowers i.e. adequate credit, income etc. with as little as a 5% down payment on conventional loans and 3% down payment for an FHA loan can still obtain financing under all of the same fixed and adjustable rate mortgage programs that we have grown accustomed to over the years. Plus, with mortgage rates nearing the historic lows that we last saw a few years ago, now may be one of the best opportunities we’ve seen to buy in quite some time. And, based on studies that have been done on the Denver metro market including the recent info released on the Case Shiller Index, which measures the home prices of 20 metropolitan real estate markets in the U.S., Denver is primed to be one of the first “Major” markets to recover, which also bodes well for real estate investors and the future of our market from a value standpoint.

Ben Ghede
Affiliated Financial Group
303-740-4403