Yes, you might be better off buying now than when the tax credit was in effect. The reasons are very simple. A historic drop in interest rates and less competition if you are buying residential property under $400,000.

The most dreaded part of applying for a mortgage is all the paperwork. Mortgage documentation requirements are more stringent than ever and every “T” must be crossed and every “I” dotted.

No doubt about it, it’s been a good summer. It can’t even come close to comparing to last summer when I wondered if we would ever sell a home again.

A reverse mortgage is a loan for homeowners over 62 who have equity in their homes. The property must be the homeowners primary residence; not a second home or investment property.

This is a mortgage without any closing costs added on to the loan or paid by the borrower. Examples of closing costs would be origination fees, discount points, appraisal cost, processing, underwriting fees, title insurance and recording fees. A mortgage where these costs are added in is not a true no cost loan.

The Federal Tax credit is over, but it’s still a great time to buy a home. In this week’s market update Fuller Sothebys International Realty agent Dan Polimino talks about the three reasons you can and should buy a home in this market.

Fuller Sothebys International Realty Agent Dan Polimino talks about how property taxes could affect buyers.

Dan Polimino tells us in this week’s market update that it is a seller’s market in the lower prices ranges. It’s the final three weeks of the Federal tax credit and it a highly competitive market for buyers and sellers in Denver.

As most of you know, the end of the tax credit is just a few short weeks away on April 30, 2010. Under the guidelines, you have to be “under contract” by April 30, and then close the transaction by June 30, 2010 in order to receive the either $8000 First Time Buyer credit or the $6500 Move Up Buyer credit.

In my previous 2 Blogs on DPA, I discussed and tried to dispel some of the myths surrounding down payment assistance. In addition, I highlighted some of the key factors in determining what it takes to qualify for DPA. Today, I will address who are the agencies out there who offer DPA and how doing a little research can help in deciding which program you should consider and how to find out if your lender works with that agency.