Fed Rates Have Increased
[video_embed name=”Fed Rates Increased”] As you know by now the Fed funds rate increased, just as predicted, and discuss at the FOMC meeting in mid-December. Do not to be fooled by the advertisements stating mortgage rates for 2017 are going up. When you hear “the Fed rates are going to go up, so hurry up and purchase […]
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 […]
Low Mortgage Rates Online
Proceed with caution when looking at these low mortgage rates online. What you see is not always what you will get. Lenders advertising these low rates are doing a great job because they are getting you in the door by making their phones ring. Be careful when seeing these advertisements. A past client of […]
Quick Mortgage Pre-Approval
Whether you are looking to refinance or to purchase a home there are way too many advertisements giving you a “streamlined” option to get a quick mortgage pre-approval. I am extremely perplexed about the calls and conversations I’ve been having these past few weeks. Most of the calls state that they have already spoken with […]
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 […]
Appraisal and Home Inspections
Many home buyers get a little confused as to the difference between an appraisal and a home inspection. Both are shown as deadlines on the purchase contract. You may be asking yourself “why is it needed if you are getting an appraisal, why would you need an inspection too?” Although the home inspection is optional, it is […]
Pre-Approval VS. Pre-Qualified
Pre-approval vs. pre-qualified, is there really a difference? With inventory low, this can cause stress in trying to find a home. With that being said, for some reason, some people out there looking are forgetting the most important factor in putting in an offer on a property. They are NOT getting pre-approved prior to going under […]
