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A Guest Blog by Matt Polsky. Matt Polsky is the Senior Editor of Smart Military Money, a personal finance blog specifically for veterans and service members. VA Home Loans for Veterans and Service Members Veteran’s Day rooted from Woodrow Wilson declaring Armistice Day on November 11th, 1919, following the infamous Treaty of Versailles. Wilson [...] I showed a house in Colorado Springs to some clients yesterday that was priced at the same level it was sold for, brand new, in 2002. Coupled with interest rates quotes that started at 3% for a 5 year conventional ARM, it struck me how much of a bargain homes are right now. In 2002, [...] The most frequently asked question I hear these days is, ‘How’s the market now the tax credit program is over?’ This is a really good question. While I’ve been very busy, the fact is, showing traffic is down, and I’ve had fewer calls from first time home buyers. This will be a busy closing week, [...] With all the tightening of mortgage rules and elimination of ‘creative’ financing options, it was refreshing for me to attend a seminar last week by the Colorado Housing and Finance Authority (CHFA or CHAFA) on low down payment options for 1st time homeowners. I am not going to be able to cover all of the [...] |
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