Jim Laurence News Roundup

June 30th, 2009 at 09:51am Jim Laurence 2279

Tuesday June 30, 2009
Aspen elected leaders meet tonight at city hall to talk about the largest affordable housing project in the city’s history---Burlingame Ranch---and—how to make it just a little bit bigger.
Voters have given the green light to increase density at one phase of the project from 236 housing units to 300=----but it is essential that current residents say okay or it’s a no –go   
Don’t expect any construction at the area by the maroon creek club until next summer at best..
Trucker Mark Chamness described his sheer relief at not being convicted on charges of vehicular homicide---after a jury decided he was innocent of those charges after blocking highway 82 in January of 2008 near Katherine store.  Two people in a Kia Sophia sedan hit the rig and were killed in the early morning hours.
What about a mortgage?  That’s the cry from many lenders and those who arrange lending for homes in the area.
Marilyn Foss is the president of Mountain Mortgage---in business in aspen for the last 22 years.  But business is lagging.
A good borrower today?  That means whether buying or refinancing----you need three years of no income drop----at least 20 percent equity in your home and a great credit history-------meet those qualifications and it’s still tougher than ever.
First time home borrowers can still apply at slightly higher raters---but, says Foss, in a buyer’s market like this one----if you’ve thought about getting your home---try and do it now.
It’s also a good time to refinance before the expected hike in interest rates.
 

Entry Filed under: Aspen