Coldwell Banker Durango Area Real Estate Blog

Buyer & Seller Perks in Today’s Housing Market

Posted by Cassidy Jimerson on April 28, 2021 in  uncategorized
Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to keep on the radar this season. The Biggest Perk for Buyers: Low Mortgage Rates  Today’s most compelling buyer incentive is low mortgage interest rates. The 30-year fixed-... Readmore

Should We Fear the Surge in Cash-Out Refinances?

Posted by Cassidy Jimerson on April 16, 2021 in  uncategorized
Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for a new one with a larger amount than owed on the previously existing loan, helping borrowers use their home mortgage to get some cash.&... Readmore

What Credit Score Do You Need for a Mortgage?

Posted by Cassidy Jimerson on April 08, 2021 in  uncategorized
According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for some, many buyers may be surprised by the options that are still available for borrowers with lower credit scores. The fact that t... Readmore

Welcome to Coldwell Banker Tim Papi!

Posted by Sam Vickery on April 05, 2021 in  ABOUT ME  Agents  Be Distinctive  Coldwell Banker
TIM PAPI JOINS COLDWELL BANKER DISTINCTIVE PROPERTIES Coldwell Banker Distinctive Properties Welcomes Tim Papi, Realtor Durango, CO (April 2, 2021) - Coldwell Banker Distinctive Properties is excited to announce that Tim Papi, Realtor, is bringing his years of experience and expertise as a full-time independent sales associate to its Durango, Colorado office. "We are thrilled to have Tim join our Coldwell Banker Distinctive Properties team," says Heather Erb, Managing Director. “He provides first-class servi... Readmore
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