I have to admit, you hear lots of things that are just flat out not accurate when it comes to purchasing a new home. One of the biggest and most common myths is, I have to have 20% down to purchase a home and a ton of savings in the bank. While it is no secret that lenders have tightened the guidelines Continue reading
While you may have become used to seeing mortgage interest rates at or below 4 percent, the age of historically-low rates may be coming to an end. In fact, the Mortgage Bankers Association (MBA), the national association representing the real estate finance industry, predicts 30-year mortgage rates to rise to 4.4 percent by the end of 2013. Continue reading
Myth: you can only have one VA loan at a time.
The Truth: You can use bonus entitlement to buy a second property and in most cases without having to put any money down. That is right, you heard me- you can have two VA loans at the same time. This is great news for lots of folks! Continue reading
1) Establishing a Realistic Price Range
A common mistake among first-time home buyers is purchasing more house than they can afford. You should not rely on banks to determine what you can comfortably spend on a new home. Banks are adept at determining the amount of monthly debt in the form of mortgage, insurance, credit card, student loan and auto loan payments. Continue reading
Buying a home vs. renting is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. Continue reading
Here’s a helpful PDF download from the Federal Housing Finance Agency (FHFA) which outlines some new guildes specifically for Fannie Mae and Freddie Mac borrowers. These new guidelines will go into effect on November 1st, so if you’re facing foreclosure and need to know about your Short Sale options, you’ve got to check it out! Continue reading
It’s likely you’ve heard the term “short sale” thrown around quite a bit. But what, exactly, is a short sale? A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose on the property. Continue reading
Relocating to Colorado Springs?
What you already know:
PCS’ing is never easy, even if it is a city with a military heritage like Colorado Springs. You’re moving from one community to another Continue reading
Welcome to the first post for Springs Home Finders. Right now Colorado Springs is experiencing its biggest fire in history, The Waldo Canyon fire. Colorado Springs has a population of around 416,000 but of course this changes daily as people relocate daily due to job transfers and PCS’ing. Continue reading
Our big client appreciation event. It is held at the SkySox stadium. We enjoy spending time at the games and grilling anyways. So what other way is better than sharing it with our friends and clients that we have met over the years! Continue reading