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Displaying blog entries 1-6 of 6

Free Lift tickets and other give-aways at downtown restaurants tonight!

by Roberts Johnson and Rachel Diedrich, Real Estate B

Thanks to the Snow show, apres ski events continue tonight.  Get your share of the give-aways! Click the link below for a full calendar of events:  http://www.denver.org/apresski/home.aspx

Look to Wells Fargo for home financing options

by Roberts Johnson and Rachel Diedrich, Real Estate B
 
    1.Rates are at historic lows so it may be a great time to consider refinancing your current mortgage.
    2.Choose from Fixed Rate and Adjustable Rate mortgages.
    3.Wells Fargo Advisors offers competitive rates.
 
Please call Kimber DeLoia, Financial Advisor with Wells Fargo Advisors to get a current quote for a new mortgage or refinance.
phone: 303-628-8994

New Rules for Roth IRA - What you should know about Roth conversions in 2010

by Roberts Johnson and Rachel Diedrich, Real Estate B
    1.Starting Jan. 1, 2010 anyone is able to convert to a Roth IRA regardless of their income or tax-filing status.  (the income limit was $100,000)
    2.Taxes can be spread over two years. You may elect to pay all of your taxes in 2010 or spread across 2011 and 2012.
Reasons why you may consider a Roth conversion
    1.Roth IRAs provide tax-free distributions of earnings.
    2.If you believe that income tax rates will be higher when you retire than they are now, converting may result in paying taxes at lower rates.
    3.Roth IRAs are not subject to Required Minimum Distributions at age 70 1/2.
    4.Converted amounts can be distributed without penalty after 5 years.
 
Please call Kimber DeLoia, Financial Advisor with Wells Fargo Advisors to determine whether a Roth IRA would be right for you.
phone: 303-628-8994

New Rules for Good Faith Estimates

by Roberts Johnson and Rachel Diedrich, Real Estate B

Here is an article my lender sent me which explains the new rules concerning Good Faith Estimates from mortgage lenders.

 

Recent guidelines from Washington have forced a change to the way that loan originators will disclose closing costs for all homebuyers. The purpose of the new Good Faith Estimate is to level the playing field for borrowers comparing loans to be able to make apples to apples comparisons for loan scenarios.

In essence, HUD is working to bring all lenders up to the same standard of excellence in reporting closing costs that I have always adhered to, estimating realistic fees that a buyer should expect to pay at closing with no last minute surprises.

What are the important facts you should be aware of in having conversations with homebuyers? Below are some important points to know:

  1. All fees paid to the lender/broker are to be consolidated in one line, including processing fees, origination fees, etc. These charges cannot change from the original estimate without a material change to the loan requested.

  2. In the event fees are being charged to obtain a lower rate, these are to be broken out and itemized for the borrower's ease of comparison to other loan programs.

  3. Estimates for fees from government recording charges and third party settlement providers we suggest are to be itemized and the lender is held to a tolerance of 10% for their accuracy. In the event the estimated charges exceed the amount listed by the allowable tolerance, the lender will be responsible for making up the difference.

  4. Estimates for services that the buyer can shop for and do choose can change at settlement without the lender being held accountable. This can include title charges, homeowner's insurance, and initial deposits for an escrow account.

As always, I will strive to provide your clients with an accurate estimate of closing costs and funds to close. I understand that by referring me, I am a reflection of you and your team and my goal is not only to create the best experience but also to ensure additional referrals.

Sincerely,

Brandon Briese
Frost Mortgage Lending Group
(720) 381-8353
brandon_briese@frostmortgage.com

Denver Luxury Home Bargains

by Roberts Johnson and Rachel Diedrich, Real Estate B

Denver-area home prices drop the least of 20 cities surveyed

by Roberts Johnson and Rachel Diedrich, Real Estate B

Displaying blog entries 1-6 of 6

Contact Information

Photo of Roberts (Bobby) Johnson Real Estate
Roberts (Bobby) Johnson
Cool Denver Homes, Inc.
2314 Curtis Street
Denver CO 80205
Roberts Cell: (303) 525-7599
Fax: (303)9635335

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