Michael Phillip - Colorado Real Estate

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2-1 mortgage rate buydown

November 1, 2023 By Michael Phillip

How to Lower Mortgage Rates with a 2-1 Buydown: Your Key to Affordable Homeownership in Denver Introduction: Navigating High Mortgage Rates Feeling overwhelmed by the skyrocketing mortgage rates? You’re not alone. But here’s the silver lining: you can take charge of your mortgage rate with a 2-1 Buydown. This guide is designed to help all… [Read More]

Buying Real Estate In The Summer

July 12, 2023 By Michael Phillip

Why Buying in the Summer Is a Smart Move, Even with Higher Interest Rates When it comes to real estate, timing can be crucial. Many potential homebuyers hesitate to make a move when interest rates are higher, fearing it will strain their finances. However, buying a home during the summer, even with interest rates in… [Read More]

Loan Level Price Adjustments

April 25, 2023 By Michael Phillip

Understanding the Recent Changes to Mortgage Loan Level Price Adjustments As a real estate agent, it’s important to keep up with the latest news and trends in the industry. One topic that’s been making the rounds lately is the shocking headlines: “Biden Raises Costs for Homebuyers With Good Credit to Help Risky Borrowers”! And these… [Read More]

Mortgage Rates April 2023

April 7, 2023 By Michael Phillip

Mortgage Rates Drop Again, But Homebuyers Still Face Obstacles in Spring Season Great news for homebuyers as mortgage rates have fallen for the fourth consecutive week, according to Freddie Mac. The average rate on a 30-year fixed mortgage has dipped to 6.28% from 6.32% the previous week. But is the decrease enough to offset other… [Read More]

Choosing A Lender

January 13, 2023 By Michael Phillip

(Haga clic aquí para Español) As a real estate agent, one of the most important decisions a client can make during the home buying process is choosing a lender. A lender is responsible for providing the financing for a home purchase, and the right lender can make the process smooth and stress-free. However, the wrong… [Read More]

Benefits of Buying Now

December 5, 2022 By Michael Phillip

If you’re reading this post you are at least are in the right mindset and are considering buying a home, which is a great place to be! You are also looking to see what the benefits of buying a home now, vs waiting. And you are also likely very hesitant due to recession fears, interest… [Read More]

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