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...
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...
Posted on
February 6, 2019
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...
Posted on
January 22, 2019
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...
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...
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...
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. ...
