Mortgage Forbearance

2020 redefined how we use our homes and spurred a new interest in what it means to own a home.  Roxann shares with us what projects have been unique life in 2020 and what design trends she is seeing in 2021.   If you'd like to contact Roxann Lloyd with Red Chair Design you can reach her at 720.320.4029.

Amanda Snitker, Realtor Coldwell Banker Global Luxury Denver   Nicole Rueth with Fairway Mortgage joined me to share what she saw in the mortgage industry during 2020, how the COVID-19 pandemic shut down impacted lending, and how things progressed throughout the year.  She also shares what projections for lending and interest rates are looking like for 2021.

Phew, 2020 was something This quick episode will get us all caught up on the basics of the 2020 real estate market and set us up to discuss what to expect in 2021.  This touches mostly on the real estate side, check out episode 2 in a few weeks for specifics on how mortgage lending was impacted.     Amanda Snitker - Coldwell Banker Global Luxury

The CARES Act provides access for mortgage forbearance through your service provider.  Nicole Rueth shares all the details around the forbearance – who qualifies, the pros and cons, and the steps to take.   If you have questions, you can always reach me at AmandaSnitker.com and if you'd like to reach Nicole, you can reach her at [email protected].

The Real Estate Breakdown podcast is where we cover topics around buying and selling homes, investments, and personal finance.  I am a licensed Realtor with Coldwell Banker Devonshire in the Denver metro area and have been in the business since 2010.  This podcast is designed to provide resources on the process of buying and selling real estate so you can ask the right questions, find your all-star team of professionals to help you, and set yourself up for success.   In this episode, Bri Firestone with The School of Betty is back to help us navigate this new financial landscape we've entered into as a result of the COVID-19 pandemic.   For more information on The School of Betty, you can visit Theschoolofbetty.com  

Wrapping up Season 2 with some listener questions! Amanda Snitker [email protected] AmandaSnitker.com 303-204-8240

Building a home or remodeling an existing home requires a lot of cash and one of the ways to make this a reality is a construction loan.  Kim McAleb joined us on this episode to breakdown the process of the construction loan.  If you have more questions about a construction loan you can learn more from Kim at 720-352-6334 or [email protected] 

Project Angel Heart is a non-profit organization here in the Denver Metro Area that provides medically tailored meals to those with chronic illnesses.  I sat down with Amy Daly, the Director of Marketing & Communications for Project Angel Heart to learn more about the organization and share the amazing work they are doing with all of you. https://www.projectangelheart.org https://www.projectangelheart.org/events/calendar/ https://www.projectangelheart.org/events/pie-in-the-sky/

Your Realtor is a resource and you should find the perfect Realtor for you, commit to them early, and work their process.  This is the best way for you to maximize the benefits of using a Realtor and make the process easier on yourself.  Your agent should be a skilled negotiator, have strong market knowledge, and a compatible communication style.  Your first step should be to find the best team to help you on this journey.

Since we covered building wealth through real estate in the previous episode it seemed only fitting that we discuss the tax advantages of a 1031 exchange.  A 1031 exchange is identified as Section 1031 of the tax code, and this allows you to defer paying capital gains taxes when you sell an investment property and reinvest the proceeds from the sale into a property of 'like kind'.  Tracey Wilson with IPX 1031 joined me to breakdown how a 1031 exchange works. If you would like more information from Tracey you can reach him at [email protected]