| Boulder Mortgage: Home Mortgage Loans
Are you undecided about the type of rate that you should choose for your Boulder home mortgage loan? The decision can depend on how long you intend to stay in the home, how soon you would like to pay off your debts, what changes you expect in income and rates, and your propensity to take risks. A fixed-rate mortgage, which has fixed rates and fixed monthly payments, is generally chosen when you wish to retain the home for several years. Monthly payments in an adjustable rate mortgage are determined by index, margin, interest rate cap and maximum rate. This type of mortgage is preferred when income is expected to rise or when the intention is to move after a few years. Rely on competent advice to help you make a choice that is relevant to your situation.
The following table features housing preferences and mortgage trends in Boulder.
Boulder Mortgage Statistics |
| Mortgage-Free Homes |
26% |
| Mortgaged Homes |
74% |
| With First Mortgage Alone |
58% |
| Second Mortgage or Home Equity Loan |
16% |
| Home Equity Alone |
8% |
| Second Mortgage Alone |
8% |
|
| Boulder Housing Expenses |
| Owner expenses as % of Income |
18.9% |
| Median Real Estate Taxes |
$1,966 |
|
| Boulder Housing Stocks |
| Median Year Constructed |
1972 |
| Year Constructed - Owner Occupied |
1971 |
| Year Constructed - Renter Occupied |
1972 |
|
| Boulder Housing Market Data |
| Median Household Income |
$60,660 |
| Total Housing Units |
20,725 |
| Average Home Price |
$411,549 |
|
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