http://denver.yourhub.comThe latest blog posts in The Denver Newspaper Agency YourHub.comen-usnews@yourhub.com(c) 2009, YourHub.com5When the Fed cuts rates mortgage shoppers can become confused. Mortgage rates do not drop because the Fed cuts rates. I have had clients repeatedly say to me they want to refinance but they are waiting for rates to drop because the Fed cut rates. I have repeatedly posted on my blogs to not delay...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~444324.aspx3/20/2008 8:49:46 AMArnold Cohen I know mortgage rates and the pricing of them can be very confusing. Wouldn't it be grand if this was simple? I know that you want to make the best choice about this. Therfore I am presenting to you an article that directy addresses the Fed's activities and how it will affect mortgage rates toda...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~443851.aspx3/19/2008 8:16:50 AMArnold Cohen I found this brief but explanatory article on FHA loans. If you are refinancing then you should know all your options so you can make the best choice. FHA UPDATE The Economic Stimulus Act of 2008 allowed FHA to insure higher loan amounts - up to 125% of the area median price. Before the n...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~443317.aspx3/18/2008 8:46:41 AMArnold Cohen The Denver Post had an excellent article about Mortgage Rates. Please read it. I cut it out to keep in my office to show my clients. *************************************************************** Mortgage rates frustrate buyers UP, NOT DOWN | Bond investors, not the Fed, drive long...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~442739.aspx3/17/2008 8:53:37 AMArnold Cohen When you are purchasing orrefinancing a home you will need an appraisal. My company deals with a number of independent appraisers. Some lenders may require a specific appraiser to appraise your property. I found this informative article from about.com to explain appraisals in detail. Apprais...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~435213.aspx2/29/2008 8:50:06 AMArnold Cohen The decision whether or not to refinance your mortgage is an important one. The more knoweldge you have the better the choice you will make . The following article will provide you with clear and concise information. REFINANCING YOUR MORTGAGE by 360 Degrees When you refinance your mortgage,...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~433748.aspx2/26/2008 10:02:34 AMArnold Cohen The other day I closed a loan with a couple that truly needed to refinance. They were in an ARM mortgage and their payments were skyrocketing. This was not an easy refinance for me nor the couple. There were quite a few obstacles. What would my work day be without challenges? Easy but being a mor...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~430221.aspx2/18/2008 8:24:32 AMArnold Cohen Refinancing a Jumbo Loan Q: I understand lenders charge lower rates for "conforming" mortgages than they do for "jumbo" mortgages. When are mortgages considered jumbo? And is it a good idea to refinance an old jumbo loan if it would now qualify as conforming? A: A mortgage is considered jumbo ...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~425180.aspx2/6/2008 9:45:04 AMArnold Cohen Rate Lock Basics While your loan application is processed, a lender may promise to hold a certain interest rate and certain number of points for you for a certain period of time. This promise is called a lock, lock rate, or rate commitment. Different lenders may offer the option of lo...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~421754.aspx1/30/2008 9:32:30 AMArnold Cohen I feel confident stating that interest rates will go down again. What does that mean for mortgages and mortgage refinances? Eventually interest rates will probably drop slightly. However, this drop will only be available to those that have excellent credit, equity and homes that have appreciated....http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~421180.aspx1/29/2008 9:11:00 AMArnold Cohen What happens if your mortgage lender goes bankrupt? I found this excellent article that will give you the info you need if this happens to you. Remember you must keep your mortgage payments current and that will be your responsibility even if your lender goes bankrupt. By PAMELA YIP / Th...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~420631.aspx1/28/2008 9:29:15 AMArnold Cohen We had a group photo taken a while back. Meet the people I work with. Can you pick me out? I'm the one on the right front. Arnold Cohen The Mortgage Store 303-488-5435 I'm in your neighborhood.ihttp://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~418966.aspx1/24/2008 10:22:12 AMArnold Cohen People call me up all the time asking for an interest rate. When I try to provide these callers with an aswer by asking them a couple of questions some of these callers get irrate. They are only calling to get a rate. They do not want to provide me with personal information. Fair enough but I ca...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~418939.aspx1/24/2008 9:54:55 AMArnold Cohen I found this excellent article about when you should refinanace your ARM mortgage. Should you refinance your ARM before it resets? You may be better off refinancing your adjustable rate mortgage (ARM) and paying a little more now in order to save a lot more down the line. Most people c...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~416676.aspx1/18/2008 7:44:16 AMArnold Cohen Refinancing your mortgage can include subordinating your second mortgage. Due to the increase of refinances lenders now may have subordination departments with complex rules. What once took a short time to get a subordination now may take a while and will cost you. You must pay a fee upfront to ...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~409994.aspx1/2/2008 9:55:45 AMArnold Cohen If you feel that a debt reduction service did not do what they promised and or you feel you were treated unfairly please read this article. FTC Creates Hotline for Consumers Scammed By Debt Reduction Services By James Comtois After charging four companies for scamming consumers with fa...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~407039.aspx12/21/2007 11:31:43 AMArnold Cohen One of the reasons my clients come to see me is to refinance their ARM mortgages. They do not want to "gamble" with their futures.Their ARM interest rates have already gone up and their payments have already gone up. They want to refinance into 30 year fixed mortgages. Some of my clients have...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~405425.aspx12/17/2007 4:29:05 PMArnold Cohen FHA Loans are valuable refinancing tools. Key Benefits To Refinancing With FHA Cash out up to 95% of your homes appraised value Reduced emphasis on your fico score Ability to qualify with mortgage lates in payment history Fixed rate options for 15 or 30 years No pre payment penal...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~400934.aspx12/6/2007 8:20:12 AMArnold Cohen Hints & Insights - Mortgage Ads on Television . You're sitting in front of the television and a familiar mortgage advertisement pops on. "You can get a mortgage for $995!"Of course you can. Through any mortgage lender in the United States. The ad is truthful, and as required, includes...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~396316.aspx11/26/2007 9:46:35 AMArnold Cohen How Much House Can You Afford? Step One - Calculating Your Monthly Income When a loan officer prequalifies you, he works backwards to figure your maximum mortgage amount. You can do the same thing. The first step is to determine your monthly income. It isn't quite as easy as it sounds. Lenders...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~390824.aspx11/12/2007 8:03:52 AMArnold Cohen Home Loans And Mortgages - Beware Of Deed Theft Scam Charles Essmeier The average home in the United States has a value of $206,000, a record amount. Real estate prices have been rising throughout the country during the last five years, and homeowners have seen the value of their property...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~387585.aspx11/5/2007 8:23:41 AMArnold Cohen Note: This article tries to answer this complex question in a semi simpe way. This is a very simplified discussion of a very complex topic. Discussion of the intricate relationships involved, and many important factors (market structures, hedging, advance commitments, and others) haven't b...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~385246.aspx10/31/2007 8:52:16 AMArnold Cohen It seems that mortgage rates are a hot topic. I found and excellent article that will provide you with more information about why mortgage rates rise and fall. It is heady reading but this is a complex topic. ENJOY AND READ ON Please call me with all your mortgage needs. Arnold ...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~384734.aspx10/30/2007 7:54:23 AMArnold Cohen How Market Conditions Affect Interest Rates Ben Bernanke, Chairman of the Federal Reserve, lowers interest rates, so mortgage interest rates should go lower, too, right? Not necessarily. Here are a few reasons why mortgage rates typically RISE when the Federal Reserve lowers interest rate...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~384082.aspx10/29/2007 9:23:44 AMArnold Cohen Credit Cards for College Students - What You Need to Know As Pink Floyd said, "Money, it's a gas. Grab that cash with both hands." This is exactly what the credit card companies want the younger generation to do - grab it and use it. What most students often forget is that "buy now" still me...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~380869.aspx10/22/2007 8:05:52 AMArnold Cohen How Past Delinquencies Can Ruin Your Credit It is never too late to repair your credit. The first place to start is with past delinquencies. These are one of the most common causes of bad credit and are the largest component (35%) in determining your credit score. Therefore, they are a big ke...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~379924.aspx10/19/2007 8:01:40 AMArnold Cohen Authorized Users Beware Effective September 2007 If you are an authorized user on someone's credit account, be aware because the FICO rules are changing. You could end up with worse credit than before. Fair Isaac announced on June 5 that it is going to remove authorized user accounts this Se...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~378905.aspx10/17/2007 8:55:46 AMArnold Cohen Why You Shouldn't Have Joint Accounts Married or in love? You sign up for credit card accounts together and you are both card holders. Sounds like a good idea and the right thing to do. However, having joint accounts like this can limit your options. Please read on to see disadvantages for th...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~377527.aspx10/15/2007 6:58:15 AMArnold Cohen When applying for a new mortgage or a refinance lenders consider your debt to income ratio. Gary Gresham explains what this is and how it is calculated. How to Figure Debt to Income Ratio By Gary Gresham Ever wonder how to figure out you debt to income ratio? Lenders use your debt to i...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~376464.aspx10/12/2007 9:22:33 AMArnold Cohen Like it or not many decisions that will affect your finances are based on your "credit scores." Learn more about credit scoring basics. Credit Scoring Basics What is a Credit Score? A credit score is a number generated by a mathematical formula that is meant to predict credit worthine...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~375777.aspx10/11/2007 9:20:09 AMArnold Cohen