Your Colorado home is valuable. So, why not dip into the equity you’ve accrued as a homeowner to help reach a few financial goals in your life? Two options are a home equity loan and a cash-out refinance. Both put dollars in your pocket but in very different ways. Let’s discover the best option for
At Elevations, our experienced Mortgage Loan Officers are here to help you navigate the homebuying process. One of our excellent Mortgage Loan Officers, Melissa Cotton, has experience in every role of real estate transactions, from real estate agent to lending support/operations and now as a Mortgage Loan Officer. How long have you been with Elevations?
It’s time. Your dream of being a homeowner on the Front Range of Colorado is coming true. But, what first steps should you take? As you explore the Colorado real estate market, you’ll have to demonstrate your financial stability to lenders, real estate agents and sellers. Here are a few ways to get started. Money
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.
Homeownership remains a defining characteristic of the American Dream, according to a recent National Association of Realtors Aspiring Home Buyers Profile study1. There are many benefits to homeownership, but the ability to use home equity to reach other financial goals is one that many homeowners may not have considered. United States homeowners have over $15
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
When shopping for a home, one of your first steps will likely be securing a loan. There are many types of mortgage loans, and three of the most common loans for first-time homebuyers are conventional, FHA and VA loans. Read on to learn more about the characteristics of these loans to discover what you may
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.