Archive for August, 2010

Breckenridge Events August 26 – September 4 2010

Breckenridge Events for August 26 – September 4

Thu Aug 26 2nd Annual Breck Epic Aug. 21 – 27
Backcountry of Breckenridge, Colorado
A 7-day ultra-endurance mountain bike stage race held in the sprawling backcountry of Breckenridge, Colorado.
Breckenridge Heritage Alliance Sites and Tours
Please visit us for more information at the Breckenridge Welcome Center 203 S. Main St
Please join us for our:

Guided Historic Walking Tour: 11am Daily

Barney Ford Museum: 11am-4pm Daily
Edwin Carter Museum: 11am-4pm Daily
Red, White & Blue Fire Museum: 11am-3pm Sat-Sun
Rotary…
Breckenridge Recreation Center
880 Airport Road
Upper: 6:15 Body Pump, 7:45 Body Pump, 9:00 Basic Yoga, 11:10 Zumba, 12:00 Yoga, 5:30 Body pump, 6:35 Mat Pilates

Lower: 6:30 Bootcamp 6/3- 6/29, 9:00 Women’s Fitness, 12:00 Cycling

9:00 am Christy Sports Powder Daze New!
Dillon Ends @ 6:00
It’s the Annual Powder Daze Ski and Snowboard Tent Sale!
10:00 am Wilderness Hike – X10U8 Trail (moderate)
Meet at the Breckenridge Welcome Center, 203 South Main Street. Ends @ 12:00
X10U8 Trail- Life of a Miner (Moderate) Our professional guides will teach you about the flora and fauna of our forests on our weekly hikes throughout the Breckenridge backcountry with special…
11:00 am Arts Alive Presents: Colorado Colors Changed!
500 South Main Street, Breckenridge Ends @ 7:00
Local Co-Op Gallery celebrates autumn in the high country with a new show, “Colorado Colors”. Come by and see new the works. The show will run August 12- September 30.
2:00 pm Open Studio at Quandary Antiques Cabin Ceramic Studio
131 South Ridge Road Ends @ 6:00
Children and adults welcome!
5:00 pm Hatha Yoga at the Fuqua Livery Stable
Ends @ 6:15
All levels welcome. Reserve your spot at 970 453-4060
6:00 pm Breckenridge Photo Walks
Altitude Gallery, 107 North Main Street Ends @ 7:30
Class size is limited. Advance reservations recommended

Meet at Altitude Gallery every Thursday evening from late June through August, 1-2 hour photo tour of Breckenridge.
Mad About Mud: Introduction to Ceramics
Quandary Antiques Cabin, 131 South Ridge Street Ends @ 9:00
In this 5 week workshop learn basic wheel throwing and handbuilding techniques. 3 projects will be completed and glazed. Instruction by Alex and Casey Zablocki.

Registration one day in advance is… Read more »

What to Do if You Want a Mortgage Loan: Nothing

credit score What to Do if You Want a Mortgage Loan: Nothing You know by now that getting a mortgage loan in 2010 is far more difficult than getting a loan in 2005 was.

You have to provide so much documentation that you might feel there’s no end to “One more piece of paper.” And that just gets you to the initial approval. It doesn’t get your loan closed.

Under the terms of the Loan Quality Initiative, which went into effect June 1, 2010, lenders are required to track “changes in borrower circumstances” between application and closing.

If your circumstances change, even slightly, your loan can be denied outright, or sent back to underwriting for a second review.

Why is this happening? Because Fannie Mae is holding lenders accountable. Should you take out a new mortgage loan and later miss some payments, Fannie Mae will look back at your loan, and your credit history. If they discover that you took on new debt just prior to closing the loan, they can make your lender buy back the now-delinquent mortgage.

Of course lenders aren’t going to take chances, so they’ll make sure that your circumstances are the same or better on the day of closing as they were on the day you made application.

To you as a borrower, that means not opening any new credit accounts for any reason, not adding to your outstanding balance on any existing card, and not depleting your checking or savings accounts. To be on the safe side, you should discontinue all of these activities  least 30 days before making your mortgage loan application.

Why? To give your creditors time to make their reports to the credit bureaus before your mortgage lender checks for the first time. If you charged a new refrigerator on the 15th, the added debt might not appear on your credit report until the 30th. So if you make a loan application on the 20th, it wouldn’t show up. But when the lender pulls a final credit report just prior to closing, it would be there.

While the Loan Quality Initiative is new, denying a loan at the last minute because of foolish mistakes is not.

I recall a young couple a few years ago who had been trying to buy a home. Every time they found one they liked, it failed to appraise and the sellers refused to negotiate. They paid for three appraisals, their cash reserves were dwindling fast, and they were no closer to owning a home.

Finally, they found another house they liked and it appraised for the selling price. The lender – who had been working with them through the entire ordeal – came to our office positively crowing because he was finally going to close a mortgage loan for this couple.

I remember his words distinctly: “The only thing that can go wrong now is if they go out and buy a car.”

Well … That shiny new red Jeep Cherokee was very pretty.

In spite of their lender’s instructions to do nothing with credit and nothing to reduce their bank balances until after their loan closed, they just had to celebrate. And to them, celebrating meant buying a new car.

So, have patience. Plan ahead when you’re going to want a loan, and don’t do anything with your credit for at least 30 days prior to making loan application. Once the loan is closed, you can do as you wish.

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Bio: Mike Clover is the author of this article and is a 9 year Banker. He writes about the credit sector and has other projects such as CreditScoreQuick.com, CloverMortgageGroup.com, CreditQuick.com and FreeCreditScoreQuick.com


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parade of homes

2010 Summit County parade of homes  program

Summit County, Colorado
PRESENTED BY THE SUMMIT COUNTY BUILDERS ASSOCIATION
16TH
ANNUAL
2010
THE OFFICIAL GUIDE
10 a.m. to 5 p.m.
September 18-19
September 25-26
ADMISSION $10
SUMMITCOUNTYBUILDERS.ORG
MOUNTAIN
LIVING Read more »

Breckenridge Events August 19 – 28 2010

Breckenridge Events for August 19 – 28

Thu Aug 19 Breckenridge Heritage Alliance Sites and Tours
Please visit us for more information at the Breckenridge Welcome Center 203 S. Main St, at our…
Please join us for our:

Guided Historic Walking Tour: 11am Daily

Barney Ford Museum: 11am-4pm Daily
Edwin Carter Museum: 11am-4pm Daily
Red, White & Blue Fire Museum: 11am-3pm Sat-Sun
Rotary…
Breckenridge Recreation Center
880 Airport Road
Upper: 6:15 Body Pump, 7:45 Body Pump, 9:00 Basic Yoga, 11:10 Zumba, 12:00 Yoga, 5:30 Body pump, 6:35 Mat Pilates

Lower: 6:30 Bootcamp 6/3- 6/29, 9:00 Women’s Fitness, 12:00 Cycling

10:00 am Wilderness Hike – Sawmill Creek (moderate)
Meet at the Breckenridge Welcome Center, 203 South Main Street. Ends @ 12:00
Our professional guides will teach you about the flora and fauna of our forests on our weekly hikes throughout the Breckenridge backcountry with special appearances from the folks at the Breckenridge…
11:00 am Arts Alive Presents: Colorado Colors New!
500 South Main Street, Breckenridge Ends @ 7:00
Local Co-Op Gallery celebrates autumn in the high country with a new show, “Colorado Colors”. Come by and see new the works. The show will run August 12- September 31. The gallery also showcases a…
Arts Alive Presents: Summer on the Summit Changed!
500 South Main Street (La Cima Mall). Ends @ 5:00
Eugenia Meltzer, a clay artist, is featured artist of the month at the gallery. She won first place in the 2009 Summer Juried Show at Arts Alive Gallery. She turns “each piece into a simple cup or…
2:00 pm Open Studio at Quandary Antiques Cabin Ceramic Studio
131 South Ridge Road Ends @ 6:00
Children and adults welcome! Read more »

Breckenridge Events August 5 – 14 2010

Breckenridge Events for August 5 – 14
Thu Aug 5 Breckenridge Heritage Alliance Sites and Tours
Please visit us for more information at the Breckenridge Welcome Center 203 S. Main St, at our…
Please join us for our:

Guided Historic Walking Tour: 11am Daily

Barney Ford Museum: 11am-4pm Daily
Edwin Carter Museum: 11am-4pm Daily
Red, White & Blue Fire Museum: 11am-3pm Sat-Sun
Rotary…
Breckenridge Recreation Center
880 Airport Road
Upper: 6:15 Body Pump, 7:45 Body Pump, 9:00 Basic Yoga, 11:10 Zumba, 12:00 Yoga, 5:30 Body pump, 6:35 Mat Pilates

Lower: 6:30 Bootcamp 6/3- 6/29, 9:00 Women’s Fitness, 12:00 Cycling

10:00 am Wilderness Hike – Lower Flume Trail (Easy Moderate)
Meet at the Breckenridge Welcome Center, 203 South Main Street. Ends @ 12:00
Our professional guides will teach you about the flora and fauna of our forests on our weekly hikes throughout the Breckenridge backcountry with special appearances from the folks at the Breckenridge…
11:00 am Arts Alive Presents: Summer on the Summit
500 South Main Street (La Cima Mall). Ends @ 5:00
Arts Alive Gallery, 500 S. Main St., LaCima Mall, Breckenridge.
Local CO-OP Gallery celebrates history with the show “Summer On The Summit”, a juried show featuring local, regional and national…
2:00 pm Open Studio at Quandary Antiques Cabin Ceramic Studio
131 South Ridge Road Ends @ 6:00
Children and adults welcome!
3:00 pm Speaker Series: Bill Fountain New!
Breckenridge Town Hall, 150 Ski Hill Rd. Ends @ 4:00
Join the Breckenridge Heritage Alliance for our Speaker Series! Breckenridge historian Bill Fountain will tell the story of the nine dredge boats that operated in the Breckenridge area from 1898-1942.…
5:00 pm Hatha Yoga at the Fuqua Livery Stable New! Ends @ 6:15
All levels welcome. Reserve your spot at 970 453-4060 or breckyoga@gmail.com
6:00 pm Breckenridge Photo Walks
Altitude Gallery, 107 North Main Street Ends @ 7:30
Class size is limited. Advance reservations recommended Read more »