9th Sep, 2008

Breckenridge Real Estate with Low Interest Rates

Whether or not we agree that the U.S. government should be taking over Fannie Mae and Freddie Mac, investors already reacted and interest rates just got lower. That makes it very inviting to purchase Breckenridge vacation real estate just in time for the 2008-2009 Ski Season. From new luxury properties on Breckenridge’s Peak 7, Peak 8, and Peak 9 to Breckenridge real estate along the Blue River to Breckenridge CO homes along the golf course or rural options near Silverthorne, Frisco, or Dillon, the door to vacation-home buying has been flung wide open for young professionals, retirees, and families of all generations.

The Town of Breckenridge and Breckenridge resort real estate features some of the best values and greatest investments available at this point in time among the ski resorts in the Colorado Rocky Mountains. Imagine flying into the Denver International Airport or zipping over from a community along the Front Range and hopping onto a ski lift within two hours of leaving the office.

The authentic Victorian-style Breckenridge ski village, once a mining town, is nestled within the national forests of the Gore Range next to the Continental Divide. Abounding with great hiking and biking trails, magical wildflowers, gold-medal fishing, and out-of-the-way picnic spots, the resort is best known as a world-class ski resort. Consistently rated as a top ski destination in America, the resort features 2,043 skiable acres extending over four peaks that are accessed by more than two-dozen ski lifts. As the “Rocky Mountain Capital of Snowboarding,” three constantly upgraded parks wow the snowboarders. In addition, the Breckenridge Golf Course transforms into an extraordinary Nordic ski experience.

The community brims with festivals and events that complement its splendid outdoors. It is truly the place for making memories year after year, generation after generation. That’s why some families purchase a vacation property here in the center of the nation to bring their extended families together in today’s mobile society. 

Government-backed loans are generally 15- or 30-year, fixed-rate packages that are good for that long haul. It does seem rather ironic that the government imagines having extra cash when our tax rebates were supposedly financed in China! While we don’t know quite where the money is coming from this time—hope it’s not the printing presses—getting a Colorado mortgage for a second home in Summit County just got easier. In the vacation-home market, about a third of buyers pay cash and the other two-thirds can take advantage of this week’s news by refinancing their primary homes or by qualifying for a government-backed mortgage for an exciting family getaway.  

Rick Allemang and RealEstateColorado offer clients personalized service based on fifteen years in this Town’s real-estate market. Call 970-547-1002 for information about how we can help you to benefit from lower interest rates and realize your dreams today.

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