Saturday Reporter-Herald September 11, 2010 E1
Real Estate Matters
www.homeandrealtyguide.com • Saturday, September 11, 2010 • Reporter-Herald
Move quickly if refinancing ILYCE GLINK TRIBUNE MEDIA SERVICES
A
ll it takes is a modicum of good news for housing industry analysts to call an end to the recession. Pending home sales ticked up recently, and mortgage interest rates dropped again to the lowest level in more than 60 years. If you’ve been thinking about refinancing, it’s time to develop a plan and get moving before interest rates start moving in the other direction. If you want to have a successful refinance in the current wacky world of mortgage finance, you’ll want to take these steps: 1. Go to AnnualCredit Report.com and pull a free copy of your credit score from each of the credit reporting bureaus, and then pay for a copy of your credit score, which will cost around $9. Alternatively, you can purchase a combined credit history and score from MyFico.com, which is run by Fair Isaac, the company that created the credit score. 2. Evaluate whether you need to fix your credit history and score. Lenders today want to see a credit score of at least 620 to 660 (depending on the lender), and will pull a credit score from Equifax, Experian and TransUnion, using the middle score as your official “credit score.” If your credit score isn’t where it needs to be (higher is better), then see if there are errors or other information that needs to be fixed on your credit history, and determine whether that will help pull up your score. If not, and you’re suffering from financial errors and problems, you might consider waiting until your credit report is stronger before applying for a loan. 3. Gather your financial documents. Lenders will want to see your tax returns, bank accounts, retirement accounts, statements of assets, paycheck stubs and other documentation. Each person who is applying to be on the loan will need the same set of documents. If you’re self-employed, or if you own your own business, expect to provide many more documents about your business, including tax returns and a current budget and income statement. 4. Shop around for the right lender. Sure, you should let your current lender know you’re looking to refinance. But you should also chat with some other lenders in your area,
Enjoy Colorado beauty and country living in this secluded subdivision RH PAID ADVERTORIAL
the national/local correction in all real estate. The 12 established homes ake advantage of have set the bar for a our wonderful aulovely rural neighbortumn Colorado hood that is only minutes weather by driving out to from town. With the Backbone Meadows. two-acre size, each owner This quiet, secluded has been able to design subdivision is tucked in and situate a home to between Glade Road and suit them and keep the the Devil’s Backbone. It custom, yet unpretenis more than half soldtious, feel for country livout, but the seven lots re- ing. maining are “choice.” All AMENITIES INCLUDE have Colorado views ranging from the back • Panoramic views of range to Devil’s BackRocky Mountains bone to the foothills. No • Water irrigation systhrough traffic provides a tem with individual lot quiet, peaceful neighbor- connections hood for walking and/or • City of Loveland sitting on the deck. domestic water at incity rates Today’s list prices on these remaining lots are • Direct access to substantially lower than Devil’s Backbone nature in the past. This reflects trail
T
Photos special to the RH
• Telephone, electric and natural gas to each lot • Protective covenants and HOA • Only a two-mile drive to Mariana Butte Golf Course • Four Minutes from U.S. Highway 34 and Wil-
son Ave. intersection
long to the lots. For more information, DRIVING DIRECTIONS please call Betsy Burns Go west on U.S. of Coldwell Banker at Highway 34 to Conoco 970-215-1776 or at Glade Road. Right on visit her website at Glade about a half-mile www.BetsyBurns.com to Gitalong Road (enand click on Backbone trance to Backbone Meadows). Right on Gita- Meadows.
LOTS AVAILABLE: Lot 6, Block 1 Lot 5, Block 1 Lot 4, Block 1 Lot 3, Block 1 Lot 2, Block 1 Lot 4, Block 2 Lot 3, Block 2
6033 Gitalong Road, 6045 Gitalong Road, 6127 Gitalong Road, 6253 Gitalong Road, 6265 Gitalong Road, 5931 Pronto Way, 6009 Pronto Way,
$195,000 $190,000 $185,000 $180,000 $175,000 $185,000 $185,000
I See GLINK/Page E2
Inside this week’s Home & Real Estate
Carol O’Meara
Realtor of the Week
Real Estate Transactions
Keven Wright, ERA Herman Group Real Estate Co.
Listings from Front Range properties recently sold
Director y
Hops industry takes root in Colorado
Page E2
Page E3
Page E5
Page E6