By Rob Kelly, LRA Owner & Managing Broker
If you have been paying attention to real estate in Boulder County lately, you have likely noticed that home prices have risen to all time high levels. With each passing year, this has made it harder and harder to afford a home, especially for first-time homebuyers. But with so many mortgages available to home shoppers, a traditional, 30-year fixed-rate mortgage may not be the only option to explore.
An increasing number of homebuyers are applying for specialty mortgage, which may allow them to pursue non-traditional ways to secure and pay down a home mortgage. However, (and this is a big however), it is important to be aware of the risks, before you choose one of these mortgages and assume it is right
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