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Understanding FHA Allowable Fees: Understanding FHA allowable fees and the role of your mortgage lender is essential when taking out an FHA loan. These costs include mortgage insurance and origination fees, which can impact your overall budget. This article will…
One Time Close vs Two Time Close Construction Loan: Which is Best for You? When planning to build a home, understanding the right construction loan for your project is crucial. The main decision often comes down to choosing between a…
Must-See Colorado Springs Attractions for Every Traveler Colorado Springs Top 10 Attractions: 10 Must See Colorado Springs has it all—breathtaking mountain views, cultural hotspots and some of the best outdoor recreation in the country. Whether you’re a first timer or…
Buying a home is an exciting journey, but it comes with its share of expenses—one of which is closing costs. Many first-time buyers are surprised by these additional costs, which can add up to thousands of dollars. As a mortgage…
2025 VA Loan Requirements: Home Loan Facts Veterans Need to Know Summary: If you’re a veteran, active-duty or a surviving spouse looking to buy or refinance a home in Colorado Springs, a VA loan is your best bet. This is…
What’s new? On December 18, 2024, the Senate passed the Homebuyers Privacy Protection Act (S. 3502), a bipartisan bill aimed at limiting “abusive” digital marketing practices tied to trigger leads. After some initial setbacks—like being removed from a military spending…
Summary: In this post, we’ll explain what Loan-Level Price Adjustments (LLPAs) are, why they matter for homebuyers and homeowners in Colorado Springs, and how they influence mortgage costs. We’ll discuss real examples from Fannie Mae’s official LLPA matrix, show how…
If you’re buying a home in Colorado Springs, you might wonder if homeowners insurance is truly necessary. In this post, we’ll cover why most mortgage lenders (including 719 Lending) expect you to have it, how it protects your investment, and…
Summary: In this post, we’ll explore how tracking real-time housing data—especially in markets like Colorado Springs—can give you a clearer sense of upcoming trends in mortgage demand, home sales, and inventory. By the end, you’ll understand how to use this…
Summary: In this post, we’ll explore the evolving landscape of mortgage forbearance rules—especially the changes following the 2008 financial crisis and the adjustments made during and after the 2020 COVID-19 pandemic. We’ll explain what it means to refinance while in…