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Wondering how non-taxable income factors into your mortgage approval? In this post, we’ll explain what “grossing up” income means, why it matters, and how it’s handled differently by various loan programs in Colorado. Whether you’re exploring Colorado Springs real estate…
Investing in real estate can be a lucrative opportunity, and for military members in Colorado Springs, VA loans offer a unique way to purchase investment properties. VA loans, also known as home loans for veterans, provide flexible options, low interest…
Department of Veterans Affairs pauses VA loan foreclosures for 6 months The decision follows an NPR report that found 6,000 VA loan borrowers are facing foreclosure and 36,000 more are delinquent on payments A New Dawn for Colorado Veterans…
Securing a mortgage with bad credit may seem like a daunting task, but it’s not impossible. While a lower credit score can pose challenges, there are strategies to improve your chances of qualifying for a mortgage. Here are some tips…
Your credit score is the key that unlocks many financial opportunities, from securing a mortgage to obtaining low-interest loans. If your credit score isn’t where you want it to be, don’t worry; there are proactive steps you can take to…
Generally, a credit score of 620 or higher will get the best terms for a mortgage. A higher credit score can make the underwriting and approval process faster and easier, as well as get a better interest rate. A higher…
There are rarely hard and fast requirements for a credit score when it comes to getting approved for a loan. A higher score will result in more favorable loan terms, such as a higher loan amount or lower interest rate.…
Credit is one of the most important parts of your home loan application. When applying for a mortgage, every lender working with you on buying a Colorado Springs home will pull your credit. If your credit is not great, there…
Investment Property Rule Change! Fannie and Freddie are limiting the number of second home and investment properties they have in their portfolios. That means in markets like Colorado Springs you are likely to see a calming of the housing price…
60,000 buyers - 519 houses - rising lumber prices - potential foreclosures on the horizon What does this mean to you?