AIO – Loan Structure
Loan Structure At its core, the "All In One - Principal First Loan" is a home equity line of credit. And because it functions as a checking account, it comes with all the banking features you need. It comes with…
How is a Letter of Intent Different From an Offer on a Home?
Offer Letter vs Letter of Intent: What’s the Difference When Buying a Home? Buying a property starts with a very important document that outlines the terms of the sale from the buyer to the seller. Submitting an offer is a…
When to Refinance Your Home in Colorado Springs
When you purchase a home with a mortgage, part of the terms of your loan include an interest rate. This rate is the percentage of the loan value that you will be charged in interest, should you take the entire…
Finding a Colorado Springs Mortgage Broker When Buying a House
The home buying search starts with house hunting but did you know that you should also be shopping around for a lender or broker? Here's our advice for how to find the right mortgage broker or lender when buying a house. Questions…
Mold 101: What to Know and What to Do If You Have It
As a homeowner, one of the hazards that you want to watch out for comes in a fuzzy, smelly form. Yes, I’m talking about mold. From the benign to the toxic, here is what you need to know about mold…
Common Terms Used When Financing a Home
If you are in the process of buying a home, you are probably looking to get a loan for your purchase. A loan for the purchase of a home is called a mortgage. Here are some other common home financing…
Adjustable Rate Mortgages – Pros and Cons
Shopping for a new home can be a lot of fun. You get to explore neighborhoods, different styles of home, and (hopefully) find just the right place for you. Shopping for a mortgage is less glamorous, but still a very…
A Pipe Burst in My House…Now What?
If you are a homeowner, you have probably experienced a home maintenance surprise. If you haven’t yet, chances are it will happen at some point. Here are a few questions to ask yourself before you take the next step in…
Understanding Your Amortization Schedule
Congratulations, you bought a house! Before you’re able to unpack the last box, your mortgage company has probably been in touch about making that first monthly payment. Welcome to homeownership! If you are itching to get that loan paid off…
What Kind of Insurance Do I Need for My Home?
Home is where the heart is. It’s also usually where all of our stuff is and if you want to protect your belongings against fire, flooding, theft, or other accidents, you will need insurance. But you might be wondering 'what…