The coronavirus pandemic has pushed the mortgage rate to historic lows due to investors fleeing to the safety of government securities.. (Photo: Bigstock). The coronavirus pandemic has pushed the mortgage rate to historic lows due to investors fleeing to the safety of government securities. Fixed mortgage rates tend to follow the ups and downs […]
Help with Rent During the Coronavirus Crisis
On July 17th the State of Colorado government announced a $20 million fund, which will assist tenants and landlords with rent and mortgage payments during the coronavirus crisis. The fund’s source is the federal CARES Act. The money is distributed through a variety of housing entities throughout the state. Tenants and owners of residential real […]
Open houses and Viewing Homes During the Pandemic
How we look at homes has changed a great deal since COVID-19 started to impact our communities. As of June 30, the Safer-at-Home and in the Vast, Great Outdoors public health order was issued by the State of Colorado. This is the eighth amendment to the original Stay-At-Home order. Yes, that means we’ve had eight […]
Coronavirus and College Student Housing
2020 will be a year we all remember for a variety of reasons COVID-19 most of all but for college students, this school year will start out like no other. Boulder, Greeley and Fort Collins are college towns, and thousands of students are ready to come to the region to start or continue their college […]
Smile! You’re on (Candid) Camera
If you’re old enough, you might remember the old “Candid Camera” TV show hosted by Allen Funt, which featured hidden video cameras recording staged situations in the interest of comedy. During the 1950s and 1960s, video cameras were very large devices, making them hard to hide when tricking the unsuspecting people that we laughed at. Today, both […]
Home Equity Management in a COVID-19 World
In world of uncertainty, many people are asking, “What can I do to prepare myself for the next crisis? Should I pay off my mortgage or borrow against the house and invest the cash?” (Photo: Bigstock). The COVID-19 crisis has caused significant job losses and many Americans have realized they can only pay their bills […]
Coronavirus and the Local Residential Real Estate Market
Changes are taking place in the real estate market due to the Coronavirus pandemic. (Photo: Bigstock). The coronavirus pandemic has hit the global and national economy, but as stay-at-home orders have been gradually lifted, changes are taking place in the real estate market. To learn how COVID-19 has affected our local residential real estate […]
Coronavirus and Mortgage Relief: Forbearance Options
The coronavirus has led to an unprecedented spike in unemployment in across the nation. During the Great Recession from 2008 to 2012, the highest number of people without jobs reached 15.3 million. Now, over 26 million workers have filed jobless claims in a five-week period, according the U.S. Department of Labor. Combine that with the […]
Coronavirus Financial Relief with a Reverse Mortgage – Part 2
The COVID-19 pandemic has taken a global toll on the markets and the retirement accounts of many seniors. Seniors who are homeowners, however, can access to cash for living expenses through a reverse mortgage. The reverse mortgage is a financial tool that has helped many seniors who are over 62 years old. In my previous […]
Coronavirus Financial Relief With a Reverse Mortgage – Part 1
If you are over 62 years of age, you could be a candidate for a reverse mortgage. (Photo: Joe Hepburn, Unsplash). The economic effect of the coronavirus pandemic been global. Retirees have seen their retirement nest eggs shrink over the last couple of months. Yet, as we have seen in the past, markets usually […]