Colorado Association of REALTORS | FirstBank
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Five Millennial Home Buying Trends to Watch For 2019 – Plus One Bonus Tip

By: Simon Kafati  Assistant VP – Mortgage & Consumer Lending, FirstBank It’s official! In November 2018, millennials claimed the lead in mortgage ownership, taking the largest share of new loans by dollar volume at 42 percent. That’s compared to a share of 40 percent for Generation X, and only 17 percent for baby boomers.   Now numbering at roughly 83 million in the U.S., millennials have...

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How to Overcome the Biggest Obstacle to Home Ownership

Raising enough cash for a down payment is often the biggest hurdle for homebuyers.   According to some estimates, it can take up to 15 years for people to save towards the purchase of a home, especially with conventional mortgages, which require anywhere between 5 to 20 percent down. If you’re trying to buy a $400,000 house, that could equate to $80,000 in cash you...

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How to Make 2019 Your Best Real Estate Year Yet: Five Unexpected Ways To Grow Your Business

According to figures provided by the Colorado Department of Regulatory Agencies, there are 44,000 licensed real estate agents in the state – and 37,000 homes listed on the MLS – meaning agents greatly outnumber the homes they’re trying to sell. What’s more, 87 percent of real estate agents leave the business in their first several years.   Couple that with rising interest...

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FirstBank’s Assistance Program Helps Federal Workers Skip Payments

In response to government shutdown, FirstBank offers 0 percent interest   Like Americans across the country, Coloradans are feeling the pinch of the government shutdown. Paychecks are on hold for more than 800,000 people nationwide and an estimated 15,000 federal workers in Colorado have been forced to go on unpaid leave or have been working without pay since December.   As one of the...

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Social Media Strategies for Real Estate Agents Class

Join FirstBank on Friday, August 3rd from 3:30 to 5:00pm for an informational, engaging, and practical class on social media insights and strategies.   With social media becoming more prevalent than ever, this class offers tips for shifts in thinking on Facebook, how to network efficiently and effectively through social media, and advice on finding and posting content that will engage your target...

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Wire Fraud is Costing REALTORS® Way More Than a Paycheck

Wire Fraud is Costing REALTORS® Way More Than a Paycheck: Seven Ways to Prevent it from Happening to You and Your Clients   Ashley Cook Assistant VP of the Fraud Prevention Department for FirstBank   The next time you’re standing in a room with realtors, do us a favor: ask them if they or anyone they know has ever been impacted by wire fraud. Your jaw...

Get Your Client’s Mortgage Closed On Time

How Finding the Right Lender Can Get Your Client’s Mortgage Closed On Time By Todd Crowley   Picture this: You’ve been working with your clients for months—putting in additional hours, working late nights and weekends—trying to find them the perfect house. The home is found, the purchase contract is signed, you have worked through the transaction details, and you are ready to close. ...