Mortgage Blog

Per the Rocky Mountain News as of yesterday.."Denver-area housing is bucking the national trend, showing a price decline of only 4.6 percent in May from May 2007"!!!  This is per the S&P/Case-Shiller Price Index released Tueday.

Other major metro areas around the nation are reporting a 15.8% decline (20 areas tracked).

April to May of this year the Denver home prices rose 1 percent.  This really is a positive trend and I will continue to keep you posted.  These numbers are really important to home buyers who still expect a great value, homeowners waiting to refinance but their home values have been less than their mortgage and investors that have been waiting for the "bottom of the market".  As always these statistics report trends and don't predict the future.

Certainly email me, blog me or call me if you want to discuss further.

So often I talk with people who have an vague idea of what their credit score is but really don't know for sure.  Alot of times internet accessed credit scores are generated from scoring software that mortgage professional do not use.  They can be misleading at best. 

The real point I want to make is that a regular review of your credit score and supporting credit information is really critical in managing your credit score and discovering credit fraud/theft. 

Almost every credit report that I pull for clients have some sort of error.  I am a avid supporter of the Annual Mortgage Review.  This is a great opportunity to;

1. Discover and correct errors
2. Know your actual credit score
3. Verify that you are in the best loan program and rate that supports your financial goals
4. Protect yourself against credit theft

If you want a copy of my booklet on Credit Scoring, just email or call me and I would be happy to provide you this great reference source.