Patrick Morgan Homes

January Denver Real Estate Newsletter

bucksthunderbird — Tue, 21 Feb 2012 01:14:30 +0000

JANUARY 2012 Newsletter Housing Trends eNewsletter

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.

Please click here to view the JANUARY 2012 Newsletter Housing Trends eNewsletter.

If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.

Happy Valentine’s Day Denver Colorado

bucksthunderbird — Tue, 14 Feb 2012 16:01:29 +0000

Denver Home sales for 2011 Update

bucksthunderbird — Thu, 19 Jan 2012 17:20:35 +0000

Check out the Denver Metro area Home Sales results. There are a few surprises. The overall average values have remained the same since 2010 to the end of 2011. The number of new listings coming on the market have dropped 50%. This means values should be going up soon. Click on the link to the MLS data.

2011 RE Stats For Denver Colorado

Now is the time to buy. Interest rate are low at 4% or less. Check with a lender to see if you qualify for buying your next home. Call Patrick at 303-523-6207 today to find out about what you can do to save money in this housing market.

Final Chance to Win $100 in Our Family Room Makeover Giveaway!

bucksthunderbird — Fri, 25 Nov 2011 18:23:06 +0000

(New!)

Final Chance to Win $100 in Our Family Room Makeover Giveaway!

It’s finally time to reveal our family room storage — more than a month in the making. Leave a comment on this post to be entered to win $100. Read

Visit houselogic.com for more articles like this.

Show Your Home Pride: 7 Home Improvement Projects for $1,000 (or Less)

bucksthunderbird — Tue, 08 Nov 2011 21:26:27 +0000

Show Your Home Pride: 7 Home Improvement Projects for $1,000 (or Less)

Americans still think buying a home is one of the best decisions they’ve ever made. Here are some ways to increase your home’s value and comfort for less than $1,000. Read

Visit houselogic.com for more articles like this.

You Still Could Win $100 in Our Family Room Makeover Giveaway!

bucksthunderbird — Mon, 07 Nov 2011 16:02:54 +0000

(New!)

You Still Could Win $100 in Our Family Room Makeover Giveaway!

The built-in wall of storage is almost done, but the devil’s in the details. Leave a comment on this post to be entered to win $100. Read

Visit houselogic.com for more articles like this.

Renters Have Much to Gain by Pursuing Home Ownership

bucksthunderbird — Wed, 02 Nov 2011 19:48:12 +0000

Home buyers you need to know this now.
A Qualified Mortgage Consultant Can Outline Your Options Renters Have Much to Gain by Pursuing Home
Ownership

By John Jarvis
Denver Mortgage Company

Buying a home vs. renting is a big decision that takes careful consideration, as most mortgage
consultants will agree. But the rewards of home ownership are great. For many years, purchasing
real estate has been considered an extremely profitable investment. It is an achievement that
offers a sense of pride, financial stability and potential tax advantages.

Yes, there are certain responsibilities associated with owning a home. Landlords will often argue
the benefits of renting, and for obvious reason. If you are renting, you’re helping them make their
mortgage payment.

The numbers are staggering if you look at it this way. If you are paying $1,000 per month for an
apartment, and you know your rent will increase 5% every year, then over the next five years you
will pay your landlord $66,309. If you are currently renting a house, you may be paying much more
than that each month. Either way, you gain no equity by shelling out this monthly housing expense
and you certainly won’t benefit when the property value goes up!

However, if you were to purchase your own home or condominium, you would be on your way toward
building equity. By choosing a fixed-rate loan program, you can have the comfort of knowing that
your monthly mortgage payment will never go up. In fact, you would have the option of refinancing
to a lower interest rate at some point in the future should interest rates drop lower than the rate
you’d currently be locked in at, and this would cause your monthly mortgage commitment to go down.

And not only would your own home give you added space, your own back yard and overall privacy—home
ownership would also give you some tax advantages. Depending on your tax bracket, owning a home is
often less expensive than renting after taxes. Interest payments on a mortgage below $1 million are
tax-deductible, and your mortgage consultant should help you evaluate the tax advantages of various
loan scenarios, and share this information with your tax consultant to glean feedback on your
behalf.

To find the loan program that is right for you, your mortgage consultant will need to evaluate your
monthly household income, current assets and savings, as well as any monthly obligations you may
have for credit card payments, car payments, child support, etc. These prequalification factors,
along with the report of your credit score, will determine how much house you can afford and what
interest rate you will pay for financing. It is also important to let your mortgage consultant know
what your future goals are, because this will help narrow
down which loan option is the best fit for your long-term needs.

There are many different types of loan programs available, including "low"
down payment mortgage programs. The most common and beneficial loan for people buying their first
home is the FHA loan, which only requires a 3.5%
down payment. In addition, FHA allows a seller to cover up to 6% of a buyer's closing costs which
really helps decrease the amount of money it
takes to buy a home. Many people also don't know that FHA allows the lowest credit scores of any
loan available today, only needing a 640 score in
most cases.

If there is any time to buy it is NOW! Why? Because home prices are low today. Low home values are
surely not good for people selling homes but they are great news for people wanting to buy a home.
Don't miss this opportunity to take advantage of the current market before home values rise.

Tell John that Patrick Morgan with Madison and Company sent you!!!

John Jarvis is affiliated with Denver Mortgage Company, a Licensed Broker, Colorado
Department of Real Estate, NMLS# 211618

Call today for a free copy of our Home Buyer Handbook.
John P Jarvis
303-763-7676
Cell 720-732-2705
Johnj@denvermortgagecompany.com

http://www.denvermortgagecompany.com/agents/agent.rad?id=1872

(New!) $100 Could Be Yours! Follow Our Family Room Makeover

bucksthunderbird — Mon, 31 Oct 2011 15:19:22 +0000

(New!)

$100 Could Be Yours! Follow Our Family Room Makeover

We’re busy planning, demoing, and building our new family room storage addition. Leave a comment on this post to be entered to win $100. Read

Visit houselogic.com for more articles like this.

$100 Giveaway! Follow Our Family Room Makeover for a Chance to Win!

bucksthunderbird — Wed, 26 Oct 2011 21:56:10 +0000

(New!)

$100 Giveaway! Follow Our Family Room Makeover for a Chance to Win!

A family room in dire need of storage gets the DIY treatment. Read

Rules apply, please read.

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Denver’s 6 Favorite Home Improvement Apps for the iPad, iPhone, iPod

bucksthunderbird — Mon, 29 Aug 2011 17:35:35 +0000

I am looking at getting an iPhone. Is this the wave of the future for owning a home in Denver, CO?

6 Favorite Home Improvement Apps for the iPad, iPhone, iPod

If you’ve jumped on the Apple “i” bandwagon, you’re never far from iPhone, iPod, and iPad apps that help maintain and improve your home — values near and dear to our hearts. Read

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