http://denver.yourhub.comThe latest blog posts in The Denver Newspaper Agency YourHub.comen-usnews@yourhub.com(c) 2009, YourHub.com5Jumbo mortgages and refinances are discussed in the following article. Jumbo mortgage loan rates coming down slowly Kathleen Pender SAN FRANCISCO CHRONICLE by Kathleen Pender 3/16/08 No matter what the Federal Reserve does to grease the credit wheels, it seems that mortgage len...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~442822.aspx3/17/2008 10:25:41 AMARNOLD COHEN Our economy is volatile now. Consumers are confused. My clients are have found the economy and mortgage rate pricing extremely confusing and misleading by the news sound bites. Many factors influence mortgage rates. Here is an excellent article that explains how the stock market among other ...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~439392.aspx3/10/2008 8:52:28 AMARNOLD COHEN Pre payment penalties can be dreadful if you have to pay one. If you are clear on the terms of the pre payment penalty accepting a mortgage with one can possibly benefit you. I found this excellent article that will explain pre payment penalties. PRE PAYMENT PENALTIES A prepayment pen...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~434947.aspx2/28/2008 2:44:05 PMARNOLD COHEN Today I found this article and information update from Bankrate.com. It is iimportant to understand that morgtage interest rates may vary by geography. So if your buddy in San Diego tells you about a rate don't assume that Denver lenders will have that same rate. That said you might even get a b...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~432642.aspx2/23/2008 7:44:07 AMARNOLD COHEN Mortgage Rate Basics Mortgage interest rates are advertised constantly in the media. But do you know how these mortgage rates were established or how they work? Be sure that you're getting the best mortgage interest rates by educating yourself. Understanding how to calculate mortgage rates ...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~430708.aspx2/19/2008 7:43:12 AMARNOLD COHEN Being a mortgage broker requires a lot of different personality traits. Empathy is a necessary part of my job. I need to understand my clients needs. Along with empathy I need the ability to guide and inform my clients. Most clients are well educated about mortgages but some are misled by headlin...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~427735.aspx2/12/2008 10:05:10 AMARNOLD COHEN I found this article on MSN.com. Please note that this is a general article. In the state of Colorado there are few lenders that will provide you with these type of mortgages. The easiest and least expensive mortgage is one with full documentation as tedious as that may sound. There are people w...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~427312.aspx2/11/2008 10:50:21 AMARNOLD COHEN 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 only count income they can document thro...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~419568.aspx1/25/2008 9:06:58 AMARNOLD COHEN The Mortgage Store at Greenwood Village had a group photo taken. Thought you might like to see it. I'm the one on the left front. Arnold Cohen The Mortgage Store 303-488-5435 I'm in your neighborhood.http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~418980.aspx1/24/2008 10:28:36 AMARNOLD COHEN There are certain things that you need to be aware of to get the best refinance options. NEVER PAY YOUR MORTGAGE PAYMENT LATE. This is serious. Lenders are very particular about this. If you must pay something late choose something other than your mortgage payment. The best way to pay on...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~418428.aspx1/23/2008 8:43:31 AMARNOLD COHEN I found this inofrmative article which talks about the current mortgage market. It is straight talk with important current information. Q&A about today's mortgage market Helpful information and advice for borrowers looking for a home loan. Q. Can you explain what is going on in to...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~417930.aspx1/22/2008 8:11:09 AMARNOLD COHEN Every day I deal with people that want to refinance their mortgages. There are many reasons why refinance is the right choice for them. However, if you are waiting to refinance for whatever reason please do not wait! Mortgage rates have fluctuated up and down in the past months. However, with...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~415243.aspx1/15/2008 8:55:08 AMARNOLD COHEN 2007 is coming to an end. Many people feel they "should" make some New Year resolutions. We make them and a few days, weeks or months into the New Year we start to rationalize about why we can not stay on top of these resolutions. Some of us may feel badly about this and some of us may just give ...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~409231.aspx12/31/2007 9:52:05 AMARNOLD COHEN I found these excellent articles about the the government proposal to help homeowners that are struggling with their ARM mortgages. ********************************************************************** If you're a homeowner who has an adjustable-rate mortgage, you may already have been disa...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~406281.aspx12/19/2007 2:27:01 PMARNOLD COHEN Refinancing used to be a breeze. It was fast and simple for borrowers. Now there are less lenders in the business and their turnaround time is getting longer. Their requirements change rapidly. They want more pay stubs, more appraisal comps and they submit these requirements to more departments. ...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~398510.aspx11/30/2007 7:29:08 AMARNOLD COHEN KEY RATES DROP TO LOWEST LEVEL IN 8 MONTHS By Holden Lewis Fixed mortgage rates have fallen to their lowest levels since spring, as investors become confident that the Federal Reserve will cut short-term interest rates. The benchmark 30-year fixed-rate mortgage fell 12 basis points to 6...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~398181.aspx11/29/2007 12:54:40 PMARNOLD COHEN 10 questions when applying for a mortgage loan Once you've narrowed the lender field to a short list of finalists, it's time to compare their offers. Here are the 10 key questions to ask at application time to help you find the best overall mortgage loan. If you have already selected a lend...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~392381.aspx11/15/2007 8:41:53 AMARNOLD COHEN Cleaning up Your Credit 1999 by RealEstate ABC Mortgage lenders generally check with three credit bureaus in order to evaluate your past payment history. Your goal in cleaning up your credit report should be to clean up each of the three bureaus. If you only work on one, this does not effec...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~391354.aspx11/13/2007 7:22:50 AMARNOLD COHEN Closing costs are fees you pay to either refinance your mortgage or get a new mortgage. They are mostly required in order to refiance or obtain a new mortgage by your lender. Most are non negotiable. Non-Recurring Closing Costs Associated with the Lender. Loan Origination Fee The loan...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~389979.aspx11/9/2007 7:29:02 AMARNOLD COHEN I found this enlightening article on what drives mortgage rates. Question: What drives changes in mortgage rates? Changes in Mortgage Rates and the Economic Factors Many consumers regard mortgage rates as moving targets, apparently governed by the whim of some ephemeral, capricious ent...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~385255.aspx10/31/2007 9:03:09 AMARNOLD COHEN Is It A Good Idea To Pay Off My Credit Cards With My 401k? Many Americans are having a difficult time making mortgage or credit card payments, and we talk to people every day who thinking about borrowing against their retirement accounts to pay off their debts. While it might be tempting to pay...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~382824.aspx10/25/2007 1:18:22 PMARNOLD COHEN How You Can Use Credit Limits to Raise Your FICO Score A high credit limit can help you attain a higher FICO score. Asking for credit limit increases every six months will help reduce your debt ratio and make fertile ground for a better credit score. A credit limit is the maximum allowable mo...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~381470.aspx10/23/2007 8:17:18 AMARNOLD COHEN Applying for a mortgage or a refinance means your credit will be checked. The higher your credit score the more options that are available to you. The higher your credit score the more bargaining power you will have. These are some common myths about credit scores. Most Common Credit Score ...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~375096.aspx10/10/2007 9:35:06 AMARNOLD COHEN Lenders are getting stricter in their requirements. However, you can still optimize your chances of getting a mortgage or refinance. Be proactive and increase your chances. Here are some tips to help you do that. 10 FACTORS TO GET THE BEST MORTGAGE RATE The mortgage industry is not what i...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~374481.aspx10/9/2007 8:19:44 AMARNOLD COHEN Second Mortgage Home Loans: 10 Secrets Every Homeowner Should Know Second mortgage home loans are the Cinderella story of banking. Back in the day, no one wanted to admit having one. Now, they're considered one of the savviest ways to borrow. Why the dramatic change? Here are 10 secrets to the...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~374034.aspx10/8/2007 12:01:28 PMARNOLD COHEN These are the top 10 questions I get about new mortgages and refinances. 1. What will a lender look at when I apply for a mortgage? Lenders consider many factors in evaluating your loan application, but they usually focus on four areas: Income and debt. How much money you make and what oth...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~373070.aspx10/5/2007 12:47:33 PMARNOLD COHEN Unfortunatley the time may come when you are hit with medical bills. This may happen even if you have medical insurance. Please read your policy carefully. There may be certain deductibles that have to be met that you are responsible for. Depending on your policy your medical bills may not ...http://denver.yourhub.com/Denver/Blogs/Archive/Personal-Finance/Blog~372121.aspx10/4/2007 8:03:53 AMARNOLD COHEN Will it benefit you to pay mortgage points? I found this excellent article that will help you decide. Mortgage points - you've heard the term I'm sure. But do you understand what points mean and how points can affect you? 1 mortgage points, quite simply, is equal to 1% of the total loan pr...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~369270.aspx9/28/2007 9:37:14 AMARNOLD COHEN "Learn How to Refinance. Avoid The Top 5 Refinancing Mistakes!" With mortgage rates at all-time lows, more and more people are looking to refinance their homes at lower rates. And why not? Refinancing can save you a bundle of money over the life of your mortgage loan. The only problem is that...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~364085.aspx9/18/2007 9:52:55 AMARNOLD COHEN This is an explanation of interest rates and how they affect you. The prime rate, as reported by the Wall Street Journal's bank survey, is among the most widely used benchmark in setting home equity lines of credit and credit card rates. It is in turn based on the fed funds rate, which is s...http://denver.yourhub.com/GreenwoodVillage/Blogs/Archive/Personal-Finance/Blog~363421.aspx9/17/2007 8:32:17 AMARNOLD COHEN