Pikes Peak Homes and Land
Chris J Clark, REALTOR®
Broker/Owner
Phone (719) 464-5839
Chris@PPHAL.com

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Hankins Pass from Twin Eagles

Wednesday, Sep 26, 2018, 8:00 AM

Dirt lot between Venture Foods and Lagree Liquor, Divide, CO
11115 US 24 Divide, CO

16 Outdoor Lovers Attending

We’ll have another opportunity for fall colors through the aspen groves along the Hankins Pass trail from Twin Eagles. Expect 8 mi +/- with 1800 vft +/- of climb. (I’m taking these stats from a hike that Leona posted. I see elsewhere that this hike could be 6.5 miles one way) The primary goal of this hike is the Aspen groves along the lower section…

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How to Clean Gutters

Workman Clearing Autumn Leaves from Gutter

The gutters and downspouts on your home are intended to channel rainwater away from your home and its foundation.  When they’re blocked and not functioning properly they can lead to the gutters coming loose, wood rot and mildew, staining of painted surfaces, and even worse, foundation issues or water penetration into the interior of the home.

Most experts recommend cleaning the gutters at least once a year.  More often might be necessary depending on the proximity of leaves and other debris that could collect.

If this is a task that you feel comfortable about tackling yourself, there are few things to consider.  If the debris is dry, it will be easier to clean the gutters.  Safety is important, and precautions should be taken such as using a sturdy ladder and possibly, having someone hold it while you’re on the ladder.

Other useful tools will be a five-gallon plastic bucket to hook on the ladder to hold the debris; work gloves to protect your hands from sharp edges of the gutters; a trowel or scoop and a garden hose with a nozzle.

?         Start by placing the ladder near a downspout for the section of gutter to be cleaned.

?         Remove large debris and put it into the empty bucket. Work away from the downspout toward the other end.

?         When you’re at the end of the gutter, using the water hose and nozzle, spray out the gutter so it will drain to the downspout.

?         If the water doesn’t drain easily, the downspout could be blocked.  Accessing the spout from the bottom with either the hose with nozzle or a plumber’s snake, try to dislodge the blockage.

?         Reattach or tighten any pieces that were removed or loosened while working on the downspout.

?         Flush the gutters a final time, working from the opposite end, as before, toward the downspout.

There are specialized tools at the home improvement stores like Lowes and Home Depot that can make this job easier.  Check out their websites and search for “gutter cleaning”.

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Blue Aspen Hike in Dome Rock SWA

Wednesday, Sep 19, 2018, 8:00 AM

Dirt lot between Venture Foods and LaGree Liquor
11147 US 24 Divide, CO

27 Outdoor Lovers Attending

On this hike we’ll try to recreate a once in a lifetime experience on the Willow Creek Trail when the lighting and foliage are perfect to create the “Blue Aspen” effect you see in the photo. We’ll hike Willow Creek, Sand Creek & Four Mile Creek Trails. Expect 6.25 miles with 1200 vft of climb and 1 water crossing. Prepare accordingly. Meet in Divid…

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Consumer Protection from Irresponsible Mortgage Practices

Congress enacted the Dodd-Frank Act in 2010 in response to the mortgage crisis that led to America’s Great Recession.  The two parts that apply closely to homebuyers are the Ability-to-Repay (ATR) and Qualified Mortgages (QM).

A Qualified Mortgage is a category of loans that have certain, more stable features that help make it more likely that borrowers will be able to afford their loan.  These loans do not allow certain risky features like an interest-only period when no money is applied to reduce the principal; negative amortization that would allow the mortgage balance to increase; and, “balloon payments” at the end of the loan that are larger than the normal periodic payments.

A debt-to-income ratio of less than or equal to 43% has been established to provide a limit on how much of a borrower’s income can go toward total debt including the mortgage and all other monthly debt payments.  However, the Consumer Finance Protection Bureau believes these loans should be evaluated on a case-by-case basis and in some cases, can exceed 43%.

There is a limit for up-front points and fees the lender can charge.

By showing that the lender made an effort to be certain that the borrower has the ability to repay the loan, the lender in turn, receives certain legal protections.  Underwriting factors considered by the lender include:

  1. current or reasonably expected income or assets
  2. current employment status
  3. the monthly payment on the covered transaction
  4. the monthly payment on any simultaneous loan
  5. the monthly payment for mortgage-related obligations
  6. current debt obligations, alimony, and child support
  7. the monthly debt-to-income ratio or residual income
  8. credit history

For more information, see the Consumer Financial Protection Bureau fact sheet … protecting consumers from irresponsible mortgage lending.

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Hike Mueller & Dome Rock Short Loop

Wednesday, Sep 12, 2018, 8:00 AM

Dirt lot between Venture Foods and LaGree Liquor
11147 US 24 Divide, CO

17 Outdoor Lovers Attending

We’ll hike from the Black Bear TH out T13 into Dome Rock on Werley Ranch, Crazy Woman and North Hay Creek trails back into Mueller on T14 & T13 to the TH. Expect 7 miles with 1300 vft of climb. Meet in Divide @ 8 am or the TH @ 8:20 GPS:[masked] [masked]

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No one wants to waste water or money.  For that reason, take a few minutes every other month to do the following inspections:

  1. Check to see if cutoff valves on sinks and toilets are working properly.

    Many times, builders will put individual cutoffs on supply lines to sinks and toilets.  It is reasonable to expect them to work but after some time, they can corrode which prevents opening and closing.  It is a good idea to test them occasionally before you need them in an emergency.

  2.  Fill each sink with a few inches of water to see if they drain in what you feel is a normal time.

    A slow-draining sink can be an indication of a clog that builds up around the insides of the pipe.  Common causes are food, grease, hair and soap scum.  Plunging can take care of some slow-running sinks.  After partially filling the sink with water, seal the plunger over the drain and pump it up and down a few times.

  3.   Inspect each toilet to see if they are leaking water from the tank into the bowl.

    Toilets that continue to run after being flushed can use a large amount of water in a month’s time.  Generally, the problem comes from a flapper that doesn’t seat properly.  Sometimes, the chain is keeping it from closing properly or the flapper itself may need to be replaced.

    Another issue could be that the flush valve needs to be replaced.  These can be purchased at Lowe’s or Home Depot for about $20.00 and are relatively easy to change out.  There are lots of instructional videos on the internet and it can save money if you give it a try.

If you need a recommendation for a good plumber to take care of something you discover, please feel free to call me at : 719-464-5839.

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Crags Overlook

Wednesday, Sep 5, 2018, 8:00 AM

Dirt lot between Venture Foods and Lagree Liquor, Divide, CO
11115 US 24 Divide, CO

17 Outdoor Lovers Attending

We’ll hike to the Crag’s Overlook from the Crag’s Campground. Expect about 5 miles with 1100 vft of climb. We’ll meet in Divide @ 8 am or the TH at 8:20 am GPS:[masked] [masked]. Questions: Call or Text[masked]

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Act Decisively!

Whether it is hesitation or procrastination due to uncertainty, it can cost buyers by having to pay more for both the house and the financing.  This is one of those markets where most of the experts expect interest rates and prices will continue to rise through 2019.

The National Association of REALTORS® reports there is currently a 4.2-month supply of homes for sale which is close to the same as last year’s inventory.  Normal inventory is considered to be a 6-month supply.

If during the period you’re waiting to buy, the price of the home goes up by 5% and the mortgage rate increases by 1%, the payment on a $275,000 home with a 95% mortgage could be $233.80 more each and every month.  Over a seven-year period, the delay to purchase would total close to $20,000.

To act decisively, you need good information; a confused mind will not generally make a decision.  In today’s market, you need to know exactly what price home you can qualify for and you need to know what kind of home you can expect for that price.

You’ll want a housing and a mortgage professional you can trust to give you the information you need to make good decisions for yourself and your family.  We’d like to be your real estate professional and can recommend a trusted mortgage professional.

To get a better idea about what it may cost you for a home in your price range, use the Cost of Waiting to Buy calculator.  If you have any questions, call me at (719) 464-5839.

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Lizard Rock from the North

Wednesday, Aug 29, 2018, 8:00 AM

Dirt lot between Venture Foods and Lagree Liquor, Divide, CO
11115 US 24 Divide, CO

17 Outdoor Lovers Attending

I understand that if we travel another 2 miles north of our last Lizard Rock hike, we’ll find a trail to Lizard rock from the north. This will be exploratory for me, but we should have several in the group who have hiked this previously. Distance should be just under 6 miles with about 1300 vft of climb. Meet in at the dirt lot between Venture Foo…

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Reduce Refinancing Costs

There is much more than a lower rate and payment to determine whether to refinance a mortgage.  Lenders try to make refinancing as attractive as possible by rolling the closing costs into the new mortgage so there isn’t any out of pocket cash required.

The closing costs associated with a new loan could add several thousand dollars to your mortgage balance.  The following suggestions may help you to reduce the expense to refinance.

·         Tell the lender up-front that you want to have the loan quoted with minimal closing costs.

·         Check with your existing lender to see if the rate and closing costs might be cheaper.

·         Shop around with other lenders and compare rate and closing costs.

·         If you’re refinancing an FHA or VA loan, consider the streamline refinance.

·         Credit unions may have lower closing costs because they are generally loaning deposits and their cost of funds is less.

·         Reducing the loan-to-value so mortgage insurance is not required will reduce expenses and lower the payment.

·         Ask if the lender can use an AVM, automated valuation model, instead of an appraisal.

·         You may not need a new survey if no changes have been made.

·         There may be a discount on the mortgagee’s title policy available on a refinance.

·         Points on refinancing, unlike a purchase, are ratably deductible over the life of the loan ($3,000 in points on a 30-year loan would result in a $100 tax deduction each year.)

·         Consider a 15-year loan.  If you can afford the higher payments, you can expect a lower interest rate than a 30-year loan and obviously, it will build equity faster and pay off in half the time.

A lender must provide you a list of the fees involved with making the loan within 3 days of making a loan application in the form of a Loan Estimate and a Closing Disclosure Form.  Every dollar counts, and they belong to you.