Tag: mortgages

Real Estate Term of the Day: Government National Mortgage Association (Ginnie Mae or GNMA)

March 6, 2015

Real Estate Term of the Day: Government National Mortgage Association (Ginnie Mae or GNMA) GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (Ginnie Mae or GNMA) – a government organization to assist in housing finance. Nicknamed Ginnie Mae, there are two main programs: 1) to guarantee payments to investors in mortgage-backed securities and 2) to absorb the write-down of … More Real Estate Term of the Day: Government National Mortgage Association (Ginnie Mae or GNMA)

Real Estate Term of the Day: Funding Fee

March 3, 2015

Real Estate Term of the Day: Funding Fee FUNDING FEE (VA) – a nominal fee charged by the Veterans Benefits Administration to those receiving a MORTGAGE guaranteed by the administration (Barron’s Dictionary of Real Estate Terms)  This is a great article that I found regarding VA eligibility requirements: What are the Eligibility Requirements In order to be eligible … More Real Estate Term of the Day: Funding Fee

Real Estate Term of the Day: Foreclosure & Foreclosure Sale

February 27, 2015

Real Estate Term of the Day: Foreclosure FORECLOSURE – a legal process in which mortgage property is sold to pay the loan of the defaulting borrower. Foreclosure laws are based on the statues of each state (HUD) Here is a good outline of the Colorado Foreclosure Process via Boulder County: Mortgage payments are typically due on the first day of … More Real Estate Term of the Day: Foreclosure & Foreclosure Sale

UPDATED: Buyers! 10 Ways to Prepare for Offering on a Home in a Seller’s Market

February 12, 2014

Metro Denver’s inventory levels have hit record lows in 2013 and are expected to remain low into 2014.  The number of active single family home listings at the end of 2012 was  6,514 compared to 7,418 homes on the market at the end of 2013. Rising prices, historic low inventory levels and low interest rates are causing buyers to encounter multiple … More UPDATED: Buyers! 10 Ways to Prepare for Offering on a Home in a Seller’s Market