Author

Douglas E. Jensen

Douglas E. Jensen is a Colorado based mortgage expert who specializes in helping seniors stay in their homes by taking advantage of reverse mortgages. He holds the following licenses LMB# 100026825 NMLS# 368568 and has been working with seniors since 2003. You can contact him with questions through his website www.mortgageadv.com.

Business

After Achieving Record Lows Amid COVID-19, U.S. Long-Term Mortgage Rates On The Move; Showing Signs…

Douglas E. Jensen Jan 13, 2022

As of the new year, mortgage rates hit their highest level since May 2020; however, while they are remain very low, experts indicate that the level of growth they're showing means that cheap money for home purchases should still be a…

Business

Borrowers Rush To Lenders As Mortgage Rates Dipped Amid Omicron Scare; Federal Reserve Set To Meet,…

Douglas E. Jensen Dec 15, 2021

Borrowers rushed to lenders for refinances due to interest rates that had dropped to historically-low levels due to an initial scare caused by the COVID-19 Omicrom variant. As of Wednesday, mortgage rates have remained stable and steady,…

Business

If You’re Looking To Refinance Your Mortgage Rate, The Timing Just Couldn’t Be Better

Douglas E. Jensen Dec 1, 2021

While shopping for a refinance requires the same process your initial loan involved such as maintaining a good credit score and lowering your debt-to-income ratio, the timing just couldn't be better to lock-in some of the lowest rates seen…

Economy

Biden’s FHA Updates to Student Loan Debt Policies Are Anticipated To Help Students With…

Douglas E. Jensen Jul 13, 2021

Congress created the Federal Housing Administration (FHA) in 1934. The FHA became a part of the Department of Housing and Urban Development's (HUD) Office of Housing in 1965. File photo: DC Stock Photography, Shutterstock.com, licensed. …

Finance

National Guard Members Now Eligible for VA Home Loans After Title 32 Duty, 90 Days of Service

Douglas E. Jensen May 25, 2021

A new piece of legislation signed in January expands eligibility and reduces the required days of service for National Guard members, opening qualifications for VA loans for tens of thousands of troops going forward, including those who…

Business

FHA Announced New Single Family Loan Limits For 2021

Douglas E. Jensen Dec 9, 2020

Due to robust increases in median housing prices and required changes to FHA’s floor and ceiling limits, which are tied to the Federal Housing Finance Agency (FHFA)’s increase in the conventional mortgage loan limit for 2021, the maximum…

Business

Seniors Look More Towards Reverse Mortgages Amid Coronavirus Outbreak; FHA Rolls Out New Options to…

Douglas E. Jensen Apr 30, 2020

With businesses deemed non-essential having been forced to close, over 26 million people have been out of work and have filed for unemployment.While many have been hit hard by the closures, seniors have been particularly vulnerable. Photo…

Business

Federal Housing Finance Agency (FHFA) Announces 2020 Conforming Loan Limit Increase for Fannie Mae,…

Douglas E. Jensen Dec 6, 2019

FHFA Director Dr. Mark A. Calabria, who was nominated by President Trump in January 2019, speaking on Housing Access and Affordability at a House Financial Services Committee hearing on access to affordable housing. Photo credit: C-SPAN. …

Business

Harvard Study: Number of Retirement-Age Households Facing Cost Burdens Reaches All-Time High Says…

Douglas E. Jensen Nov 5, 2019

A past panel and live webcast release of the Harvard Joint Center for Housing Studies annual State of the Nation's Housing report. Through its research, education, and public outreach programs, JCHS helps leaders in government, business,…

Business

FHA Changes Condominium Rules, Expected to Make Process to Obtain Reverse Mortgages Easier; Change…

Douglas E. Jensen Oct 9, 2019

HUD Secretary Ben Carson in a press release noted that the new rule will assist both seniors looking to maintain their current dwelling, as well as first-time home-buyers looking to start a family. Photo: C-SPAN. DENVER, CO – The…

Business

Reverse Mortgages: A Powerful Option for Senior Homeowners

Douglas E. Jensen Sep 18, 2019

In order to protect consumers, each reverse mortgage candidate is required to attend a free, confidential counseling session with a local independent housing counseling agency approved by FHA. File photo: Pixabay. GREENWOOD VILLAGE, CO…