Experts Predict Buyers Will Need a Denver Mortgage Broker’s Services

Housing experts predict that interested home buyers will need the services of a mortgage broker in Denver and in other areas in the country in the following year. Forecasting real estate trends for 2014, these industry professionals say that residential property seekers will build new nests in more economical hubs in the US’ Northwest, Southeast, South Atlantic, South Central, and Rock Mountain regions, including Denver.

In an article by Erin Carlyle of Forbes, experts weighed in their two-cents by saying:

Rising prices, a reversal of underwater mortgages, and easier credit will free Americans up to move. But next time they’ll choose smaller homes in more affordable locations. Redfin is predicting that new lending regulations—which make it harder to borrow more—will send Americans to less expensive hubs like Portland, Denver, Austin, Richmond, Dallas, Houston, San Antonio, Atlanta, and Raleigh.
http://www.thehomeloanarranger.com/experts-predict-buyers-will-need-denver-mortgage-brokers-services/

FHFA Index Shows Decrease in Interest Rates for Home Loans in Denver

The Federal Housing Finance Agency’s index showed a decrease in average contract interest rates for home loans in Denver and other areas all over the country for November. Compared to the national data for October, the November rate marked a 0.10% decrease on the composite of all mortgage loans.

As posted in an official news release by the agency on their website:

According to the Federal Housing Finance Agency (FHFA), the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders index was 4.21 percent for loans closed in late November. The index is calculated using FHFA’s Monthly Interest Rate Survey. The contract rate on the composite of all mortgage loans was 4.22 percent, down 10 basis points from 4.32 in October.

There are several factors that affect interest rates, including demand from consumers, the Federal Reserve policy, and inflation.
http://www.thehomeloanarranger.com/fhfa-index-shows-decrease-interest-rates-home-loans-denver/

Borrowers Told to Get Denver Home Refinance as Mortgage Rules Tighten

“Market experts, however, advise homeowners to check if they qualify for Denver home refinance now, even if they didn’t a year ago. After interest rates spiked and reached a two-year high in July, the current rates on fixed mortgages have declined, making it an ideal time to explore the best options. Professional mortgage brokers like The Home Loan Arranger have decades of experience in taking homeowners’ individual situations and looking for a home refinance deal that is guaranteed to suit them.

In early 2014, homeowners hoping to lower their interest rate or shorten their current term might be at a loss. Lenders will be much more selective and borrowers will need to cross more hurdles in order to get a mortgage that they could have qualified for a year ago. In such a situation, contact a reliable mortgage broker in Denver to assist you before it’s too late.”
http://www.thehomeloanarranger.com/borrowers-told-get-denver-home-refinance-mortgage-rules-tighten/

Denver Home Loans: Avoid the Labyrinth with a Trusted Mortgage Broker

“If this is your first time to take out a home mortgage, you should look at requirements besides an excellent credit rating. To get pre-qualified for any of the available Denver home loans, you have to prepare your pre-qualifying letter and all supporting documents, and submit it to the lender. Your chance to get pre-approved depends greatly on how honest and relevant the content of your claim is.

Mortgage companies like The Home Loan Arranger can help you get the mortgage package suited to your paying capacity and situation. Unlike a pure real estate broker that only refers a property and closes a deal, a home loan arranger can actually do all the complicated tasks required in the home buying process. You will have a greater chance of securing the best home loans in Denver with the aid of mortgage professionals.”
http://www.thehomeloanarranger.com/denver-home-loans-avoid-labyrinth-trusted-mortgage-broker/