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Category: Home Financing

    HOW DO YOU FIND THE BEST LENDER

    By Dave Kimbrough | June 11, 2024

    Dave, Simple question: should I shop around for a lender? I’ve heard it’s good to interview a few different real estate agents before starting the home buying process. Is it the same thought for lenders or are they all pretty much the same across the board because of regulations, etc.? Thanks man!Gregg, Fruita Gregg, Clearly,... Read More

    2024 REAL ESTATE MARKET PREDICTIONS

    By Dave Kimbrough | January 11, 2024

    Happy New Year!  Much has changed over the past 12 months and last week we revisited my predictions for 2023…..some hits and some misses, but isn’t that the way it always goes?  This week we are going to look through the windshield at what I see coming for 2024. So here we go! Let me... Read More

    WHEN CAN I SHRED MY HOME PURCHASE DOCUMENTS

    By Dave Kimbrough | August 18, 2023

     Hello Dave, When can I shred the documents from homes I have bought and sold over the years? Is there ever a need to hang on to closing documents, etc, past 2 years or so? I would like to shred them. Please tell me if there is anything I need to keep. Thanks! Have a... Read More

    CAN YOU ADD HOME IMPROVEMENT COSTS TO YOUR HOME LOAN

    By Dave Kimbrough | May 4, 2023

    Dave, We have seen several older homes that need a lot of work to bring them up to acceptable standards. We’re more than happy to purchase a “Fixer Upper” but we’re not sure where the funds to do so would come from. We do not have a lot of cash to put in the home after... Read More

    HOW DO I IMPROVE MY CREDIT SCORE

    By Dave Kimbrough | March 22, 2023

    Dear Dave, I would really like to be able to buy a house this late spring or at least by the end of the summer! However, I don’t have a very good credit score. Five years ago I had a foreclosure and two years ago I changed careers to get out of the natural gas... Read More

    HOW DO YOU GIFT SOMEONE A DOWN PAYMENT FOR A HOME

    By Dave Kimbrough | February 16, 2023

    Dave, Our oldest daughter is getting married in a few months and we would like to gift her and her future husband a down payment on their first home together. What is the best way to go about this? Should we talk to the lender with them, or simply gift them the money once they... Read More

    CAN YOU BUY AND SELL A HOME AT THE SAME TIME

    By Dave Kimbrough | February 16, 2023

    Dave, We are getting ready to sell our house and buy another in a different part of town. Do we need to talk to our bank before looking at homes? We already have an idea of what our price range for the new house will be based on our current home’s value. Another question: do... Read More

    SHOULD WE DO AN OWNER CARRY

    By Dave Kimbrough | February 2, 2023

    Dave, My wife and I wish to sell our home and retire to Arizona. We are in a position where we would consider doing “owner financing” when we decide to sell. Our money market investments are a lousy return and doing owner financing with the sale of our home appears to us as an opportunity... Read More

    HOW DO WE TIME OUR MOVE SO WE DON’T HAVE TO MOVE TWICE

    By Dave Kimbrough | January 19, 2023

    Dave, Our plans are to move in August/September to Oklahoma to be near family, as we have grandkids who live there.  I will qualify for retirement late this summer and need to make sure we remain in Grand Junction until that time.  We are aware that interest rates are still attractive and our local market... Read More

    WHAT’S THE DEAL WITH $0 DOWN HOME LOANS?

    By Dave Kimbrough | December 24, 2021

    Dave, I occasionally see houses that are advertised as “no money down.”  Isn’t this what got us in trouble, when the housing bubble occurred?   How are they doing $0 down loans again and why would we go back to the same loans that sank the economy back in 2010?  I must admit that I... Read More