John Lemos's (jplemos) Blog

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Mortgage and Lending - Cherry Creek Mortgage - NMLS# 613321

ARCHIVED BLOG POSTS

2017 

   Party Like It's 1980: Mortgage Debt Ratios at 37-year Lows According to recently released statistics from the Federal Reserve, average mortgage payments as a percentage of disposal income have reached their lowest point since 1980.  (See chart below.) This is great news for homebuyers!  For ex...
04/06/2017
According to a recent industry survey, less than 2% of real estate agents have not yet been involved in a bidding war this year.  This means that you will most likely compete with multiple offers if you’re in the market to buy a house this spring or summer.  Here are two strategies you may want ...
04/06/2017
The Opportunity Cost of Paying CashWhen you pay cash for a property, you are missing out on the opportunity to earn a rate of return on that cash. In the illustration below, Option 1 is to pay cash for a $200,000 house.  Option 2 is to use $100,000 of cash, and a $100,000 mortgage.  If you go wit...
04/03/2017
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John Lemos

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