Mortgage Tips and FAQs

Sold in Crested Butte: Two Condos Two Special Locations

Sold by Channing Boucher

Very pleased to announce the recent and successful sales of two Crested Butte condo properties. We all know this is a location based business and these transactions epitomize this notion. With both sales, I represented the buyers so I toured many offerings prior to writing the offers. The first sale is located at 70 Hunter Hill in Read More >

Mortgage Rates Going Lower?

View West

An recent CBNC article by Diana Olnick paints an interesting picture the current state of the lending industry in the US. When the Fed raised the funds rate we all thought mortgage rates would naturally rise. The opposite is occurring. Here’s why: The industry has been concerned about higher mortgage rates in 2016, but so far, rates Read More >

What Lenders Are Looking for: The 4 C’s

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Low mortgage rates are helping to bring home ownership within reach for some borrowers. But qualifying for a mortgage remains a big challenge for many, as tight underwriting standards persist in the wake of the financial crisis.  Christina Boyle, a senior vice president of single-family sales and relationship management for Freddie Mac, explains how your clients Read More >

A Jump in Valley Homesite Sales

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View Current Issue with Featured Listings In my last issue I highlighted the impressive buy-up of homesites located in the Town of Crested Butte and the growing trend of investors turning their attention to vacant land properties in other locations around the valley. This trend appears to be gaining momentum particularly for lower end offerings in Crested Butte South and rural Read More >

Mortgage Acronyms Explained

Mortgage Acronyms Explained

Here’s a list of mortgage acronyms that lending &  mortgage professionals recommend you learn: ARM (Adjustable Rate Mortgage): While fixed-rate mortgages have the same interest rate and monthly payment for the life of the loan, the interest rate and monthly payments on an ARM change. ARM interest rates are typically fixed for a period between three Read More >

What Affects Credit Scores? 7 Misconceptions

Crested Butte Mortgage Tips

If you’re trying to raise your credit score to get a good rate for a refinance or HELOC, you might be surprised by what affects — or doesn’t affect — your score. You have to keep your credit score up in case you want to take out a second mortgage or home equity line of credit (HELOC), or Read More >

12 Tax Tips To Consider When Buying A Vacation Property in Crested Butte

Sold Today in Crested Butte: 8 Teocalli Avenue

Borrowed from Forbes.com & Kelly Phillips Erb If you’re thinking of buying a mountain home in Crested Butte or other vacation property, here are twelve tax tips to consider: The Internal Revenue Service considers a vacation home or a second home one that is permanently in place (even though it could be moved, like an RV) Read More >

Sold Today in Crested Butte Colorado: 8 Teocalli Avenue

Sold Today in Crested Butte

I am very pleased to announce another successful real estate transaction in Crested Butte Colorado. My exclusive listing located at 8 Teocalli Avenue sold today for $1,150,000. The home was on the market less than 3 weeks when it went under contract.