As you explore the home buying process for your new Colorado real estate, you may see title insurance listed as part of your estimated closing costs. This is a common line item that all home buyers should understand. In short, title insurance protects the buyer and lender from potential damage, losses or legal fees arising
The Federal Housing Finance Agency is raising the baseline conforming loan limit for 2018. Learn what this means for borrowers in Colorado in thelatest blog from our mortgage team.
Why does your credit score matter? How can you improve it? Where do you even begin? All of these questions are important to ask if you’re considering buying a home. To qualify, a minimum credit score may be required depending on the overall loan profile. The higher your credit score, the more likely you are
If you are in the market to purchase a home and are wondering about VA loans, you’ve landed in the right place. A VA loan is available through a program with the United States Department of Veterans Affairs and is designed for service members, veterans and eligible surviving spouses. Read on to learn more about
If you’re looking to buy a home along Colorado’s Front Range, you’re probably all too familiar with the low inventory and high costs in our real estate market. For many first-time home buyers, considering a condo or townhome opens up additional options. However, it’s important to know the differences between buying a single-family home and buying a condo or townhome.
Are you considering a 15-year mortgage loan? There are a number of benefits, including a lower interest rate and the ability to pay off your home much faster. However, it’s important to take into account your unique situation along with the pros and cons of a 15-year mortgage, which we have highlighted here. Pros of
Have you thought about owning an investment property? The return can be lucrative, but it’s important to understand the financial and time commitments a rental property entails. Before you hand over the down payment, here are five key considerations for buying an investment property. 1. Are you ready for this? Being a landlord is big
The decision to rent or buy a home is an important one. When weighing your options, look at price, your lifestyle and the bigger picture. Here, we lay out the pros and cons behind each scenario. Buying a Home – Pros Tax benefits There are many pros to buying a home, but perhaps none
So you’ve gone back and forth on whether or not it’s the right time to buy a home. With most experts reporting that mortgage rates will continue to increase in 2018, now may be the time to make your move. For prospective homebuyers, rising rates might put some pressure on finding a home sooner than
Your credit score can affect your monthly mortgage payments and even your ability to qualify for a loan. So it only makes sense that our members often have questions about their credit score. To help you, our mortgage team shares answers to a few common questions on credit scores in this post. Q: I’m applying