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Mortgage and Lending - Cherry Creek Mortgage - NMLS# 613321



Student loan balances have doubled since 2007 to well over $1 trillion. Meanwhile, millennials are taking much longer than previous generations to buy their first home.  A recent study examined whether student loan debt is preventing young adults from purchasing homes*. Surprisingly, the study co...
THREE THINGS YOU SHOULD KNOW ABOUT “TRENDED CREDIT DATA”1 – What is it? “Trended credit data” is an analytical tool that helps lenders better evaluate your spending habits.  It’s a detailed analysis of the last 24 months of your credit history, including: Month-by-month balances on your credit ca...
It's important to ask these three questions when you invest in real estate:  How can I increase my rate of return?  The cornerstone of any smart investment strategy is to calculate your rate of return.  With real estate this is done by running the numbers using an internal rate of return (IRR) fo...
Contrary to popular belief, mortgage interest is not always tax deductible.  Here's the inside scoop:1.  Is Your Home a "Qualified Residence"?Mortgage interest is only deductible if the mortgage is attached to a "qualified residence". Tax payers can generally deduct the mortgage interest on two q...
The London Interbank Offered Rate (LIBOR) is the primary index used on adjustable rate mortgages in the United States.  It's the interest rate that banks pay to borrow money in the London money markets.  LIBOR is published by the International Continental Exchange (ICE).  It's calculated through ...

John Lemos

Mortgage Loan Officer, NMLS 613321
smartphone(951) 256-0812
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