John Lemos's (jplemos) Blog

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Mortgage and Lending - Cherry Creek Mortgage - NMLS# 613321
Denver, Portland, San Francisco and Seattle all coming in at double digit year-over-year growth as of January 2016! 
Our self-image, that picture we hold of ourselves in our minds, is the platform from which all our actions flow. Each action, feeling, and behavior cannot help but be consistent with this image on our internal mirrors. To change our results, we must change the negative blueprint we have created ov...
A 1031 Exchange could allow you to defer the capital gains tax on the sale of investment property if you roll over all the sales proceeds into a new investment property. Here's how it works:           The buyer of the investment property that you're selling gives his/her funds to a "qualified int...
Some real estate agents believe that they must give out three different names when referring a mortgage lender.  This is not true.  Here's why: No RESPA ViolationThere was an old rule in the Real Estate Settlement Procedures Act (RESPA) that allowed real estate agents to earn a separate fee from ...
What do Hillary Clinton and Marco Rubio have in common?  As it turns out, both of these presidential candidates have recently come out in favor of large-scale reforms to college funding in the US.Highlights of the Clinton Plan include full government funding of community colleges, and capping the...
Top paying college majors earn a whopping $3.4 million dollars more than the lowest paying majors according to recent stats released by Georgetown University.  Among the winners are college degrees in STEM (science, technology, engineering, and mathematics), health, and business.  These degrees h...
Here's the scoop: mortgage rates are determined by mortgage bond prices.  Mortgage bonds trade in what's known as a "To Be Announced" (TBA) market.  When you commit to a rate lock, the lender is agreeing to deliver your mortgage to the bond investor within 30 days, 45 days, etc.  That's where rat...
Here is a general overview of some information that may be helpful to you and your CPA as you prepare your 2015 tax returns:Points Paid on a Home Purchase in 2015Closing Disclosure Page 2, Section A - If the origination charges on Page 2, Section A of the Closing Disclosure include points paid to...
 First Let see how well the folks at MBS Highway forecasted 2015 Year Began with 10-year Treasury Note Yield at 2.10% - MBSH predicted a drop to 1.50% - The Yield did decline, but only to 1.62% Forecasted home price appreciation up 4% - Actual was up 5% Correct in volatile but modest change in St...
House prices are determined by housing supply, housing demand and housing affordability.Housing Supply: What's the Outlook?Here is a chart illustrating the supply of homes for sale as reported by the US Census Bureau.  This measurement of housing supply illustrates how many months it would take t...

John Lemos

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