Learn About Bayfield Colorado

Bayfield is a community of approximately 2300 residents that sits at an elevation of about 6900 feet, in the beautiful Pine River Valley, with spectacular vistas in all directions. Bayfield is located in southwest Colorado in La Plata County. Bayfield prides itself on our small town atmosphere and long-standing sense of community.  Bayfield School District has long been recognized as one of … Continue reading...

Can You Afford $1823 in Rent?

IF YOU CAN AFFORD $1823 IN RENT…YOU COULD OWN THIS HOME...YOU CAN AFFORD TO BUY THIS HOUSE 3 Bedrooms 2.5 Baths 2,253 square feet Garage: 2 car +carport +shed 4.7 acres Views: Mountains & Valley National Forest nearby Just minutes to Downtown … Continue reading...

PAY-OFF YOUR MORTGAGE EARLY AND SAVE THOUSANDS

The 30 fixed mortgage is the gold standard for financing the purchase or refinance of your home. There are a number of options to pay-off your mortgage early and save thousands of dollars in the process. To start, I’ll explain how the standard 30 year fixed mortgage works. A $300,000 mortgage with a 4% interest rate is used in this example. The payment is $1432.25 a month, principal and interest. … Continue reading...

BUYING A HOME WITH LIMITED FUNDS AND/OR MARGINAL CREDIT

In my 35 years as a mortgage originator and exclusive buyer’s representative, many prospective homebuyers have told me that they are delaying their purchase because of lack of money and/or their credit history. In some cases, delaying the purchase is necessary and prudent. However, in many cases the delay is unnecessary, resulting in a higher payment, a less desirable home, or being priced-out of … Continue reading...

BUYERS HAVE THREE OPTIONS TO COVER THEIR CLOSING COSTS

Buyers and Sellers customarily pay certain closing costs in a real estate transaction. The buyer’s costs can be paid by the buyer at closing, the buyer’s lender, and/or the lender. Buyers should discuss the various options for covering their closing costs early in the process with their lender and agent; so your preferred closing cost strategy is determined before you make an offer on a home. In … Continue reading...