Friday, December 31, 2010

Luxury Gentleman's Ranch atop 106 acres

http://www.coloradodreamhouse.com/featured/property.php?id=10 This luxury gentleman's ranch rests atop 106 acres offering stunning 360-degree views of the Front Range and surrounding areas. The home/garage is 100% finished and ready to move-in now, it would be perfectly suited as a provisional residence until you build your own private dream estate. Boldly stalwart architecture in natural stone and cedar distinguishes this 2 bedroom, 3 bath, 2100+ square foot home as something special. This ranch has water rights, a pond, zoning for horses, and its own private game preserve with herds of elks and deer.

Call Dan Polimino 303-522-1161 or Gary Lorhman 303-829-5900 for a private showing.

Wednesday, December 29, 2010

Luxury Gentleman's Ranch atop 106 acres

http://www.coloradodreamhouse.com/featured/property.php?id=10 This luxury gentleman's ranch rests atop 106 acres offering stunning 360-degree views of the Front Range and surrounding areas. The home/garage is 100% finished and ready to move-in now, it would be perfectly suited as a provisional residence until you build your own private dream estate. Boldly stalwart architecture in natural stone and cedar distinguishes this 2 bedroom, 3 bath, 2100+ square foot home as something special. This ranch has water rights, a pond, zoning for horses, and its own private game preserve with herds of elks and deer.

Call Dan Polimino 303-522-1161 or Gary Lorhman 303-829-5900 for a private showing.

Luxury Gentleman's Ranch atop 106 acres

http://www.coloradodreamhouse.com/featured/property.php?id=10 This luxury gentleman’s ranch rests atop 106 acres offering stunning 360-degree views of the Front Range and surrounding areas. The home/garage is 100% finished and ready to move-in now, it would be perfectly suited as a provisional residence until you build your own private dream estate. Boldly stalwart architecture in natural stone and cedar distinguishes this 2 bedroom, 3 bath, 2100+ square foot home as something special. This ranch has water rights, a pond, zoning for horses, and its own private game preserve with herds of elks and deer.


Call Dan Polimino 303-522-1161 or Gary Lorhman 303-829-5900 for a private showing.


Luxury Gentleman's Ranch atop 106 acres > Your Voice > Blogs > Denver > YourHub.com http://ping.fm/8HrfC
Luxury Gentleman's Ranch atop 106 acres http://ping.fm/CwU6V
Luxury Gentleman's Ranch atop 106 acres http://ping.fm/LtAEP
Luxury Gentleman's Ranch atop 106 acres http://ping.fm/Sn73r

Tuesday, December 28, 2010

Check out my latest real estate blog ...

Check out my latest real estate blog titled "New Year's Forecast" at http://ow.ly/3vaWo

Check out my latest real estate blog ...

Check out my latest real estate blog titled "New Year's Forecast" at http://ow.ly/3vaWo

Check out my latest real estate blog ...

Check out my latest real estate blog titled "New Year's Forecast" at http://ow.ly/3vaWo

New Year's Forecast. By Dan Polimino.

It’s time to ring in a New Year and for many people, this could mean a lot of things. For me, it always symbolizes a fresh start and a new beginning. I try to shake off the bad from the previous year, learn from my mistakes, and make the next day and next year even better. A New Year in real estate could also mean a lot of things so let’s take a look at what could potentially happen in 2011.


1) The real estate market is tied to the economy and the economy is tied to jobs. More jobs mean better consumer confidence and a better real estate market. The bottom line is that we need more job creation and the sooner we get it, the better everyone will be.

2) In some price points like the luxury market, prices will continue to fall, but deals can and will be made. Buyers will continue to have an advantage and the only question is will they use that buying power.

3) Homes that show great and are priced right will continue to win the day. These types of homes in moderate price ranges will not be on the market very long. As demonstrated in 2010, the best homes are on the market for less than 30 days so don’t drag your feet when you find one of these.

4) Creative deal making will continue to be the norm. Everything from trading properties to sellers carrying financing will be explored and more. Be prepared to think out of the box when it comes to selling or buying a home. On the selling side, a lease purchase is going to become more and more popular.

5) Relocation isn’t what it used to be. Corporate relo departments are pushing their employees to rent, rent, and rent some more. This source of business has been hit hard just like the other sectors of the real estate industry and it makes more economic sense for relocation employees to rent than buy.

6) The best news of the upcoming economic year is that it looks like interest rates may remain stable. This should be good news to buyers as they strive to keep the lowest monthly payment. Couple this with the extended tax cuts and it will be good news for everyone.

7) Short sales will soon eclipse foreclosures as more and more homeowners try to sell their upside home and ask the bank to take the loss. The question here is “will there be any changes in an effort to get these homes sold more quickly and easily?”


Finally, the big “if” for the coming year is the banks. Will they start lending to small business again? Will the average Joe be able to get credit? Will they help more home owners in trouble with their mortgage? Will they attempt to sell their foreclosures at better discounted prices and will credit cards at 22 and 27 percent interest continue to be a bad deal for America?


Dan Polimino is a Realtor with Fuller Sotheby’s International Realty. He can be reached at DPolimino@fullerproperties.com and www.coloradodreamhouse.com/denverpost


Click here to Get started searching for YOUR Colorado Dream Home.
New Year's Forecast. By Dan Polimino. > Your Voice > Blogs > Denver > YourHub.com http://ping.fm/dHQui
Homebuyers Benefit From Jump In Interest Rates > Your Voice > Blogs > Denver > YourHub.com http://ping.fm/YGPmZ
New Year's Forecast. By Dan Polimino. http://ping.fm/9Xt25
New Year's Forecast. By Dan Polimino. http://ping.fm/NVR9G
New Year's Forecast. By Dan Polimino. http://ping.fm/Eo69X

Friday, December 24, 2010

Luxury Home in the Timbers Parker, Colorado

http://www.coloradodreamhouse.com/featured/property.php?id=12 Steeped in old-world charm, this beautiful five bed, six bath, 8,041 square-foot Mediterranean-styled home rests in harmony among the Rocky Mountain pines as completely as it would in the Pyrenees. This home is unique in the sense that it is built in a style to accommodate either the family with separate bedroom wings for the children or the empty nester/retiree looking for their final purchase in a home.

Call Dan Polimino at 303-522-1161 or Gary Lohrman at 303-829-5900 for a private showing.

Thursday, December 23, 2010

Check out my new blog entry titled "H...

Check out my new blog entry titled "Homebuyers Benefit From Jump In Interest Rates" at http://ow.ly/3tG9H

Check out my new blog entry titled "H...

Check out my new blog entry titled "Homebuyers Benefit From Jump In Interest Rates" at http://ow.ly/3tG9H

Check out my new blog entry titled "H...

Check out my new blog entry titled "Homebuyers Benefit From Jump In Interest Rates" at http://ow.ly/3tG9H

Homebuyers Benefit From Jump In Interest Rates

Mortgage rates shot up sharply this week. The benchmark 30 year fixed rate mortgage was at 5% according to one survey of national lenders. The current rates, while still low by historical standards, are at the highest level in seven months. Consumers looking at refinancing an existing mortgage are hearing the wake up call and locking loans. They realize while they may have missed the bottom the smart thing to do is take the money and run, if the numbers justify it.


A savvy first time buyer I have been working with is not concerned about the increase in rates. She correctly analyzed the numbers and found that the difference between 4.5% and 5% on her projected $200,000 thirty year fixed rate mortgage was about $60 dollars a month. She feels because of less competition when she bids on a home she will easily come out ahead with a lower selling price or increased seller concessions.


My crystal ball is cloudy and I have no clue what direction interest rates will go or how far they will move. Frankly, no one else knows either or they would have made a fortune playing the market on interest rates.


Chip Allen

Crestline Mortgage Bankers

A Division of Universal Lending Corp

Direct: 303.947.2109

Fax: 303.987.0676

Loanchip@hotmail.com

Your Lender for Life!


When people you care about need a mortgage,

for purchase or refinance, please do not keep me a secret.


Click here to Get started searching for YOUR Colorado Dream Home.

Homebuyers Benefit From Jump In Interest Rates http://ping.fm/Wn7NR
Homebuyers Benefit From Jump In Interest Rates http://ping.fm/ClHCa
Homebuyers Benefit From Jump In Interest Rates http://ping.fm/Ol5OD

Wednesday, December 22, 2010

Luxury Home in the Timbers Parker, Colorado http://ping.fm/n0Vdm
Luxury Home in the Timbers Parker, Colorado > Your Voice > Blogs > Denver > YourHub.com http://ping.fm/x1xO9
Luxury Home in the Timbers Parker, Colorado http://ping.fm/gKQFg
Luxury Home in the Timbers Parker, Colorado http://ping.fm/9L0lo

Luxury Home in the Timbers Parker, Colorado

http://ping.fm/MkYLu Steeped in old-world charm, this beautiful five bed, six bath, 8,041 square-foot Mediterranean-styled home rests in harmony among the Rocky Mountain pines as completely as it would in the Pyrenees. This home is unique in the sense that it is built in a style to accommodate either the family with separate bedroom wings for the children or the empty nester/retiree looking for their final purchase in a home.

Call Dan Polimino at 303-522-1161 or Gary Lohrman at 303-829-5900 for a private showing.

Tuesday, December 21, 2010

Check out my latest real estate blog ...

Check out my latest real estate blog titled "A Sunday Visit" at http://ow.ly/3sxsR

Check out my latest real estate blog ...

Check out my latest real estate blog titled "A Sunday Visit" at http://ow.ly/3sxsR

Check out my latest real estate blog ...

Check out my latest real estate blog titled "A Sunday Visit" at http://ow.ly/3sxsR

A Sunday Visit. By Dan Polimino.

It’s Christmas and as many of my readers know, I don’t like to talk business this week. There are 51 weeks of the year to do that so indulge for me a moment while I tell you a story.


My grandparents would leave Church on Sundays and go over to their friend’s house for a visit. It wasn’t a party, it wasn’t a get together, and it wasn’t planned. In fact, the friends didn’t even know that they were coming. Joe and Mary (my grandparents) would knock on the door and yell through the screen, “anybody home?” Their friends or family would come rushing to the door. My grandparents would go in and have coffee and dessert. My grandmother had brought and prepared the dessert in advance and the two families spent the next two or three hours socializing. The reverse would also be true as grandma and grandpa would go home after Church and just sit. They had no plans, but they knew someone would be stopping by (uninvited) to visit. They didn’t know who or when, but they were sure they would have company. Right around 2 or 3pm, family, friends, or a neighbor would be at the door with a pie, a cake, or some dessert for everyone to share. Grandma would put on a pot of coffee and welcome everyone in with open arms. They would talk about everything and nothing, but it was two or three hours of sharing lives and connecting.


Sadly, I feel like these days are gone and I how I yearn for them to be back again. I am only 42 and my friends call me “old fashioned or traditional.” They tell me I should have been born in the 40’s or 50’s. I was thinking the other day how much I love it when people stop by unannounced. I love company, but I am afraid we have lost this tradition as a nation. Most of the time when I want to see friends it takes three phone calls, two emails, and collaborating too many people’s schedules. I am not sure they would have the time to visit even if we did stop by on a Sunday afternoon. We have the most advanced social networking ever known to mankind; yet we are more isolated than ever before. We are connected to 20,000 people on Twitter and Facebook, but we have never been more alone. We are speeding through life; constantly playing beat the clock and wondering why we don’t have many close friends anymore. My sister lives in California, my brother lives in Pennsylvania, my father lives in New York, my mother lives in Utah, and I live in Denver. I guess that gives new meaning to the term “extended family.” If I am lucky, I’ll get to see some of them once a year.


Call me crazy, but I think my grandparents had it right and today we’ve got it wrong. Those Sunday visits, those relationships, and those people connecting face to face around tables in the United States have built and enriched our lives more than we could possibly explain. Now more than ever in these tough economic times, I think that we need to come alongside our friends, neighbors, and family and act more like one unit helping, encouraging, laughing, caring, and crying as we all attempt run the good race.


Over the next two weeks of this Holiday season, maybe we all should take a tip from an older and wiser generation. Maybe we should stop into a friend’s house unannounced for coffee or dessert and spend an hour talking about nothing and everything.


Dan Polimino is a Realtor with Fuller Sotheby’s International Realty. He can be reached at DPolimino@fullerproperties.com and www.coloradodreamhouse.com/denverpost


Click here to Get started searching for YOUR Colorado Dream Home.
A Sunday Visit. By Dan Polimino. > Your Voice > Blogs > Denver > YourHub.com http://ping.fm/jfipe
A Sunday Visit. By Dan Polimino. http://ping.fm/FvU5b
A Sunday Visit. By Dan Polimino. http://ping.fm/LfygR
A Sunday Visit. By Dan Polimino. http://ping.fm/XfPFd

Friday, December 17, 2010

154 Acres of Land in Colorado Golf Club

http://coloradodreamhouse.com/featured/property.php?id=14 This is the only equestrian site offered within Colorado Golf Club. This unique estate property features majestic views of the Front Range, including Pikes Peak, Mount Evans and Long's Peak, and rolling terrain with ample room for boarding, training, and riding. To the north and west are Betts Lake and the back nine of the award winning championship course at Colorado Golf Club.

The largest and most spectacular parcel of land in Colorado Golf Club, these 154 acres has something for everyone. There are 360 degree views of the mountains, downtown, Colorado Golf Club and Betts Lake. It's perfectly set up for you to build your dream home and was originally designed to be the foremost equestrian site.

Thursday, December 16, 2010

Check out my new blog entry titled "I...

Check out my new blog entry titled "Is Your Townhouse a Condo?" at http://ow.ly/3qlrP

Check out my new blog entry titled "I...

Check out my new blog entry titled "Is Your Townhouse a Condo?" at http://ow.ly/3qlrP

Check out my new blog entry titled "I...

Check out my new blog entry titled "Is Your Townhouse a Condo?" at http://ow.ly/3qlrP

Is Your Townhouse a Condo?

We usually think of a condominium as having other units either above or below and a townhouse as having other units on one or both sides. Appearances can be deceiving. If the legal description says condo, that is what will be used for mortgage purposes. The reason this is important is that the standards are more stringent when the property to be financed is a condo.


To check and see if a project has been approved by HUD go to https://entp.hud.gov/idapp/html/condlook.cfm. The importance of a condo project being eligible for FHA financing can not be overemphasized. FHA is the most common type of mortgage used for purchasing or refinancing a condo. If the project is not FHA approved, the resale and refinancing of the units is severely limited. While their might be other options, they will be a lot more expensive.


HUD has granted an extension on the project expiration dates outlined in their memo sent out on December 8th, 2010. They also mentioned that no further extensions will be granted.


Chip Allen

Crestline Mortgage Bankers

A Division of Universal Lending Corp

Direct: 303.947.2109

Fax: 303.987.0676

Loanchip@hotmail.com

Your Lender for Life!


When people you care about need a mortgage,

for purchase or refinance, please do not keep me a secret.


Click here to Get started searching for YOUR Colorado Dream Home.
Is Your Townhouse a Condo? > Your Voice > Blogs > Denver > YourHub.com http://ping.fm/nqa9d
Is Your Townhouse a Condo? http://ping.fm/h2ExL
Is Your Townhouse a Condo? http://ping.fm/hIBab
Is Your Townhouse a Condo? http://ping.fm/kEFVl

Wednesday, December 15, 2010

Check out my latest real estate blog ...

Check out my latest real estate blog titled "The Next 30 Days" at http://ow.ly/3prR1

154 Acres of Land in Colorado Golf Club

http://coloradodreamhouse.com/featured/property.php?id=14 This is the only equestrian site offered within Colorado Golf Club. This unique estate property features majestic views of the Front Range, including Pikes Peak, Mount Evans and Long's Peak, and rolling terrain with ample room for boarding, training, and riding. To the north and west are Betts Lake and the back nine of the award winning championship course at Colorado Golf Club.

The largest and most spectacular parcel of land in Colorado Golf Club, these 154 acres has something for everyone. There are 360 degree views of the mountains, downtown, Colorado Golf Club and Betts Lake. It's perfectly set up for you to build your dream home and was originally designed to be the foremost equestrian site.

Check out my latest real estate blog ...

Check out my latest real estate blog titled "The Next 30 Days" at http://ow.ly/3prR1

Check out my latest real estate blog ...

Check out my latest real estate blog titled "The Next 30 Days" at http://ow.ly/3prR1

154 Acres of Land in Colorado Golf Club

http://ping.fm/YO1bq This is the only equestrian site offered within Colorado Golf Club. This unique estate property features majestic views of the Front Range, including Pikes Peak, Mount Evans and Long's Peak, and rolling terrain with ample room for boarding, training, and riding. To the north and west are Betts Lake and the back nine of the award winning championship course at Colorado Golf Club.

The largest and most spectacular parcel of land in Colorado Golf Club, these 154 acres has something for everyone. There are 360 degree views of the mountains, downtown, Colorado Golf Club and Betts Lake. It's perfectly set up for you to build your dream home and was originally designed to be the foremost equestrian site.

154 Acres of Land in Colorado Golf Club > Your Voice > Blogs > Denver > YourHub.com http://ping.fm/7cluo
154 Acres of Land in Colorado Golf Club http://ping.fm/wKZgo
154 Acres of Land in Colorado Golf Club http://ping.fm/Wki6k
154 Acres of Land in Colorado Golf Club http://ping.fm/zN34Z

Tuesday, December 14, 2010

The Next 30 Days. By Dan Polimino.

It’s the middle of December and the big Holiday is just about upon us. So is anything going to happen in real estate over the next 30 days?


Actually, it will be active and there will be something going on for everyone involved in the real estate transaction. Let’s take a look at what the next 30 days might mean for you.


Buyers: There’s great opportunity here because only serious buyers (people who have to buy) are out looking during the Holidays. You’ll have more choices, less competition, and could get a better deal if you close before the end of the year. Also, if you have been watching a home for a while and notice that it’s no longer coming up in your online search, chances are that the sellers have taken it off the market during the Holidays. It’s probably still for sale so have your agent call the listing agent to find out if the home is coming back on the market after the Holidays. Sometimes, the listing agent will tell you that you can still see the home even though it’s temporarily off the market. That’s the best situation because now you are looking at a home that no one else is looking at and it might be the perfect time to throw in an offer.


Sellers: Believe it or not, with all the hustle and bustle of the Holidays, if you are thinking about putting your home on the market after the 1st of the year, then you should be speaking with an agent now. Take the next two weeks and set up one or two appointments with an agent to discuss the process of getting your home on the market. Many times, advanced preparation of two weeks to a month to get your home ready to sell can pay off big when it hits the market. Finding the right agent is one of the biggest challenges and it takes time. That’s why you want to start this process now so you can be ready to pull the trigger when January rolls around.


Last but not least, if you chose to do nothing and just enjoy the next two weeks with family and friends, I can’t blame you. The real estate market will start to get hot again around January 15th. Usually, people need about two weeks after January 1st to get back into the normal swing of things. Look for new homes and previous listed homes to hit the market right around the middle of the month with more choices for buyers.


Dan Polimino is a Realtor with Fuller Sotheby’s International Realty. He can be reached at DPolimino@fullerproperties.com and www.coloradodreamhouse.com/denverpost


Click here to Get started searching for YOUR Colorado Dream Home.
The Next 30 Days. By Dan Polimino. > Your Voice > Blogs > Denver > YourHub.com http://ping.fm/RlCRQ
The Next 30 Days. By Dan Polimino. http://ping.fm/sCG0c
The Next 30 Days. By Dan Polimino. http://ping.fm/vMq4v
The Next 30 Days. By Dan Polimino. http://ping.fm/bci8w

Thursday, December 9, 2010

Best Deal Of The Season in Cherry Hills Village

http://www.coloradodreamhouse.com/featured/property.php?id=13 Amid beautifully landscaped grounds and canopy trees, this stunning stone residence radiates Old World elegance and charm. Elegantly designed and spacious rooms, wide-planked walnut floors, a large gourmet kitchen, and a two-story family room with a stone fireplace are just some of the architectural elements designed to create an atmosphere of warmth and sophistication.

Among the plethora of amenities are a Cherry wood study, a sumptuous master suite, three additional bedrooms, six baths and an enormous exercise room. In addition, a sensational children's retreat offers a special spot for family enjoyment. The covered terrace with a cozy fireplace, and a large lawn area for evening gatherings, complete the package. Truly a distinctive offering in a desirable location, this elegant home is timeless in design and detail.

Call Dan Polimino at 303-522-1161 or Gary Lohrman at 303-829-5900 for a private showing.

Best Deal Of The Season in Cherry Hills Village

http://www.coloradodreamhouse.com/featured/property.php?id=13 Amid beautifully landscaped grounds and canopy trees, this stunning stone residence radiates Old World elegance and charm. Elegantly designed and spacious rooms, wide-planked walnut floors, a large gourmet kitchen, and a two-story family room with a stone fireplace are just some of the architectural elements designed to create an atmosphere of warmth and sophistication.


Among the plethora of amenities are a Cherry wood study, a sumptuous master suite, three additional bedrooms, six baths and an enormous exercise room. In addition, a sensational children's retreat offers a special spot for family enjoyment. The covered terrace with a cozy fireplace, and a large lawn area for evening gatherings, complete the package. Truly a distinctive offering in a desirable location, this elegant home is timeless in design and detail.


Call Dan Polimino at 303-522-1161 or Gary Lohrman at 303-829-5900 for a private showing.

Best Deal Of The Season in Cherry Hills Village http://ping.fm/1j1Bo
Best Deal Of The Season in Cherry Hills Village http://ping.fm/iEuqG
Best Deal Of The Season in Cherry Hills Village http://ping.fm/wiupE

Tuesday, December 7, 2010

Check out my latest real estate blog ...

Check out my latest real estate blog titled "The Art of Making A Low Offer" at http://ow.ly/3ljdu

Check out my latest real estate blog ...

Check out my latest real estate blog titled "The Art of Making A Low Offer" at http://ow.ly/3ljdu

Check out my latest real estate blog ...

Check out my latest real estate blog titled "The Art of Making A Low Offer" at http://ow.ly/3ljdu

The Art of Making A Low Offer. By Dan Polimino.

We’ve all heard about and seen the low ball offer. In fact, just about every buyer these days says those famous words: “I want a deal.” Some get the unbelievable deals and some don’t. Some are master negotiators at getting low ball offers accepted, and some just try to no avail. So why are some people successful at negotiating a low ball offer and some are not? Let’s take a look at some common strategies that successful low ballers use to get the deal done.


1) Information is power. Low ball buyers do their homework and they get their agent to help them acquire as much information as possible. They look at listing history like how long it’s been on the market, how many price drops there were, and what was the last purchase price of the property.

2) They know the neighborhoods. Low ball buyers have done research on neighborhoods and know where they can get the best deal. They may have been watching certain homes for a long period of time just waiting for the right opportunity to make an offer. Maybe the home owner has had four or five price drops and the research that the buyer has done on the neighborhood tells him that the home is a good value. Once more, the longer it’s been on the market, the more anxious a seller gets and might take a low offer in a weak moment.

3) They hire a good negotiating agent. What I mean by that is an agent that is not afraid to roll up their sleeves dig for information and ask the hard questions of the listing agent. The buying agent is probably the most important person in this equation because ultimately, they have to sell the low offer to the listing agent and seller. If your buying agent can’t make a good case for your low offer with data, documentation, and a persuasive argument, you won’t win the low ball game.

4) Besides the low price, is the rest of the offer incredibly attractive? Some sellers will get past the low price if there are other reasons to accept the offer. For instance, are you paying cash and no loan approval is necessary? Are you looking to close quickly, without an inspection and without an appraisal? All of these factors, while they may seem small, add up to make your offer more attractive.

5) Last but not least, low ball buyers are unemotional and have buying power. If they can’t make a deal on your home, they don’t care. They have two or three more on the list that they can buy. Once more, since they can pay cash, they move more quickly and fluidly without the hassles of lending requirements and excess paperwork.


If you are a low ball buyer, then you know this already. But if you are looking to get into the game, then this is low ball buying 101. If you have any questions, feel free to contact me at the information below.


Dan Polimino is a Realtor with Fuller Sotheby’s International Realty. He can be reached at DPolimino@fullerproperties.com and www.coloradodreamhouse.com/denverpost


Click here to Get started searching for YOUR Colorado Dream Home.
The Art of Making A Low Offer. By Dan Polimino. > Your Voice > Blogs > Denver > YourHub.com http://ping.fm/ermSr
The Art of Making A Low Offer. By Dan Polimino. http://ping.fm/2gA1e
The Art of Making A Low Offer. By Dan Polimino. http://ping.fm/QXK1M
The Art of Making A Low Offer. By Dan Polimino. http://ping.fm/peBFf

Thursday, December 2, 2010

Amazing Mountain Estate at Evergreen, Colorado

http://ping.fm/8TmU4 As you drive up the private lane through a forested Colorado Hillside to the gated entrance of this mountain estate you will notice the 6 bedroom, 9 bathroom, one-of-a-kind mountain retreat. Located a short 26 miles or 25 minutes from downtown Denver, but a world away from the hectic city lifestyle. Situated on just under 7 acres with a 10,292 square foot main house, a 1052 square foot guest house and new 2,080 square foot carriage house where your nearest neighbors are Elk and Deer yet you are only five minutes to shopping and restaurants. Expansive views of snow capped peaks are the icing on the cake of this one-of-a-kind exclusive estate.

Please Call Dan Polimino at 303-522-1161 or Gary Lohrman at 303-829-5900 for a private showing.

Amazing Mountain Estate at Evergreen, Colorado > Your Voice > Blogs > Denver > YourHub.com http://ping.fm/jiovd
Amazing Mountain Estate at Evergreen, Colorado http://ping.fm/x7A6D
Amazing Mountain Estate at Evergreen, Colorado http://ping.fm/1UWKB
Amazing Mountain Estate at Evergreen, Colorado http://ping.fm/ZrphL

Wednesday, December 1, 2010

Read my latest blog post titled "The ...

Read my latest blog post titled "The Real Cost Of The Recent Jump In Interest Rates" at http://ow.ly/3iiuy

Read my latest blog post titled "The ...

Read my latest blog post titled "The Real Cost Of The Recent Jump In Interest Rates" at http://ow.ly/3iiuy

The Real Cost Of The Recent Jump In Interest Rates

I closed a $222,000 FHA streamline loan for a client last week at 4.25% for a thirty year mortgage. The client had no closing costs and received a generous escrow credit. The loan was locked on November 9. I priced the same loan on Friday, the 26th, and the cost has increased by over $4,100!


I was fortunate that this client was astute. He was smart enough to know that he could not predict interest rates, and looked at the numbers and wisely decided to take the money and run. Of course a borrower could still do a no closing cost loan, but the rate would now be at 4.75% for a similar loan. For some clients it no longer makes sense to do anything. Legal, tax free money is hard to come by. When the opportunity presents itself, jump on it.


Remember that loan pricing is impacted by many factors. The type and size of the loan, loan to value, credit score, etc. I priced one loan about three weeks ago and the difference in price was over $1,100 because the client’s credit score had declined to 657 from 670.


The worthless old rule of thumb that it does not pay to refinance unless you drop two full points is still around. I had a client who told me he did not think it was worth refinancing because he would only save a point and a half on his interest rate. When we did the math on his size loan, $388,000, we discovered that the pure interest rate savings were $295 a month. I favor a conservative approach and do not look only at the drop in the monthly payment. This approach is deceptive as you are adding on to the life of the loan.

Your comments and questions are always welcome.


Thanks, Chip


Chip Allen

Crestline Mortgage Bankers

A Division of Universal Lending Corp

Direct: 303.947.2109

Fax: 303.987.0676

Loanchip@hotmail.com

Your Lender for Life!


When people you care about need a mortgage,

for purchase or refinance, please do not keep me a secret.


Click here to Get started searching for YOUR Colorado Dream Home.
The Real Cost Of The Recent Jump In Interest Rates Your Voice Blogs Denver YourHub.com http://ping.fm/YmXYX
The Real Cost Of The Recent Jump In Interest Rates http://ping.fm/WXgQn
The Real Cost Of The Recent Jump In Interest Rates http://ping.fm/WP2EN
The Real Cost Of The Recent Jump In Interest Rates http://ping.fm/zTXNg