Denver Post: Colorado markets vary but improving…

The market’s on fire in Denver and picking up in other places.

Looking to buy in Colorado Springs?  I can help!  Call Rob at 719-440-6626 or email

From the inbox: is the VA loan debt payoff a good idea?

This is a GREAT question. If you don’t know, the VA loan allows for up to 4% debt payoff, as part of the mortgage balance. What does this mean?

Let’s take a hypothetical $250,000 dollar home. This means you can roll as much as $10K in debt payoff into a home purchase (credit card, car payoff, etc.). This has a couple of caveats, including home appraisal price — the home must still appraise for the contracted sales price or higher.

That’s great, right?! It can be. Who wouldn’t want to trade 10-15-19% credit card debt for 4-5% on a mortgage? It all depends on price point and long term goals. If you’re considering holding the home for a short time, this may not be the best use of the money.

Email me or call at 719-440-6626 and let’s talk options.

This is not legal or financial advice; always consult a qualified professional in their field of expertise.