In June 2019, President Donald Trump signed a bill into law that will allow the Department of Veterans Affairs to guarantee loans that go beyond the normal conforming loan amount limit. The name of this new bill, H.R. 299, will allow all eligible VA homebuyers and VA homeowners to borrow, either for purchase or refinance […]
You definitely can buy a home with student loan debt. The type of mortgage you choose to apply for is crucial. If you are applying for a mortgage but have student student loan debt that you think will prevent you from buying a house, read this article first! Most likely you will need to choose […]
When choosing a mortgage, many homeowners and future homeowners are caught in a tug of war when picking which loan program is right for their financial situation. The FHA loan is the standard when it comes to giving you the most flexibility with regards to your mortgage. Below are five benefits of choosing and FHA […]
With the ever increasing price of real estate in Colorado for 2019, many future homeowners are priced out of the market in cities like Denver, Durango, Boulder, etc. They are forced out into the suburbs, or other areas, that were not on the the top of their dream list. Home affordability in the last few […]
In this article we will discuss The process of Getting a Reverse Mortgage & Busting the Top Myths Associated with It. A reverse mortgage is a home equity loan that is offered to senior homeowners that are 62 years old or above. Rather than making monthly payments to the lender, the borrower receives mortgage payments […]
Many seniors find it difficult to manage their finances because of the absence of a running income. Buying a home at this stage seems to be extremely unlikely as gathering funds become a challenge. While there are many financing options available, all of them will require you to make regular mortgage payments, which is simply […]
The subprime mortgage industry collapsed in 2008, which also coincided with the crippling US recession. The recession triggered massive financial and economic repercussions felt by millions of Americans. Unemployment rate in the country doubled from five to a jaw-dropping ten percent. As a result, the total wealth or assets of an estimated 65 percent of […]
3 TIPS TO ACCESS DOWN PAYMENT ASSISTANCE FUNDS ON BUYING YOUR NEXT HOME In a higher interest rate environment, it is imperative that a resourceful Colorado Mortgage Broker have the products available to serve the market extensively for First Time Home Buyers. Increased rates lead to higher payments. A strong housing market leads to higher […]
With mortgage rates in Colorado and nationwide at 7-year highs, many are wondering what is in store for the housing market in 2019 and beyond. We have all been spoiled with low interest rates since the refinance boom in the early 2000's. Many of us, myself included, entered this industry during that boom, and enjoyed […]
In 2018 it is now more easier then ever to get a mortgage loan for your self employed business in Colorado. With as little as 2 months bank statements, you might be able to buy the home of your dreams. Yes 2 months bank statements. As long as we have a valid CPA letter with […]
