Denver interest rates have continued to decrease in recent weeks, with the average 30-year loan rate now hovering around 4.5 percent. The average rate on this same loan product was 5.25 percent a year ago.
We can’t emphasize enough how important it is to take advantage of these low interest rates, since you may never see them again in your lifetime. The downside to all of this is that to take advantage of these rates, you must have a solid credit history to be approved for a new loan. In addition, if you are refinancing, you must have equity in your home. This has been frustrating to many Denver homeowners who have had to sit on the sidelines while the rates go lower and lower.
If you are a distressed Denver homeowner who is unable to take advantage of the low rates, and having trouble making your mortgage payment, it can be a very frustrating experience. There are many options to avoid foreclosure in Denver and get back on track to financial stability, including considering a Denver short sale, or a loan modification. We are trained CDPEs, or Certified Distressed Property Experts, and here to help homeowners avoid foreclosure in Denver.
For information on Denver real estate, or for Denver mortgage lender recommendations, please contact TeamCox Realtors at 303-400-6060.
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If you are looking for a home in Denver and the surrounding area then contact TeamCox for professional Real Estate Assistance