Why & When Should You Consider An Adjustable Rate Mortgage (ARM)?
Long-term fixed mortgage rates have risen consistently through the 2018 year so far. When it comes to mortgages the rate of increase is influenced by our economy, among other indicators (such as the bond market and other financial markets). With rising interest rates (on mortgages) it can have an impact on some homebuyer’s purchase power. […]
Mortgage Broker, Bank and Other
Are you looking for a home mortgage? Where do you look first? The first place we tend to go is our bank. We figure that it would be easier to go to our bank since all our finances are already there so it makes sense to consider getting a mortgage through the same financial institution. […]
FHA Loan Limits- 2017 Announced
HUD has released the 2017 FHA loan limits to take effect next month. Good news for FHA borrowers is that HUD kept in step with Fannie & Freddie on conventional mortgage loan limits. FHA loan limits are based on the county, so you will see ranges all over the board on the front range of […]
FHA Good or Bad
I’m surprised to hear on a regular basis how a prospective client explains that they have been pre-approved with a lender. And that they strongly pushed away from an FHA loan, for many they weren’t even offered an FHA loan. FHA loans are designed to help more people buy a home because they require […]
Let Me Take You On A Drive
Let me take you on a drive, a metaphoric drive. This is an example of the loan approval process put into the perspective of taking a drive. We are heading to Breckenridge from Denver. And to add to the excitement and anticipation, we have a meeting to attend in 2 hours. In order to get […]
5 Reasons to choose a direct lender vs. bank
Most of us tend to reach out to our bank when looking to apply for a loan, more specifically, a mortgage. Which seems to make the most sense to us, why not start with the place that holds most of if not all our funds and already has our information. Well, I want to point […]
5 Things your Mortgage Lender Should be Doing for You
What should your lender be doing for you? The obvious answer is “help me get a mortgage”. Yes, but don’t you want and expect more? If not, you should be. It isn’t just about getting you approved for a mortgage; it is about helping, guiding, educating and doing everything in their effort to make you feel comfortable […]
