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Who To Contact First: A Mortgage Lender Or Agent? Summary: Buying a home in Colorado Springs involves several steps, and knowing who to approach first sets a strong foundation. Should you begin with a mortgage lender or a real estate…
When it comes to financing a home, choosing the right mortgage is crucial. With so many options available, it can feel overwhelming for first-time buyers and even experienced homeowners. Below are the top five most common mortgage options. 1. Conventional…
Home prices have been on the rise, and this trend can significantly impact your ability to buy a home. Buyers often feel priced out of their desired neighborhoods or are concerned about stretching their budget. It’s essential to understand how…
Imagine closing the deal on your dream home, but unsure about the additional costs. Besides the down payment, buyers must consider closing costs, which can significantly impact their budget. These costs are essential to understand. As a potential homeowner in…
Imagine Janet, a first-time homebuyer in Colorado Springs, standing in front of her dream house, marveling at the sunset. She sighs. Home prices soared, heavily influenced by changing mortgage rates, affecting the housing market overall. However, projections for the 2025…
Navigating economic tides is much like steering a ship; steady hands are crucial to avoid turbulent waters. Federal Reserve Chairman Jerome Powell's recent address highlights the delicate balance needed to manage inflation while stabilizing the housing market. Powell's Remarks on…
The revitalization of distressed homes through the 203(k) loan program brings renewed hope to many communities. Imagine a family restoring a home in Colorado Springs, feeling the optimism that accompanies each renovation. This scenario is now more attainable. On July…
Imagine standing at the edge of a new beginning.  Sarah, a young professional in Colorado Springs, has just found her dream home. With excitement and a bit of anxiety, she begins to explore loan options, trying to understand the various loan terms. …
What is APR? APR, or Annual Percentage Rate, is a crucial factor in understanding mortgage costs. It represents the yearly cost of borrowing, including interest and fees. By comparing APRs, you can identify the most affordable loan for your Colorado…
Many homebuyers find it challenging to cover all the upfront costs, including closing costs, of purchasing a property in Colorado Springs. Imagine climbing a mountain without the necessary gear—daunting and nearly impossible for most. Help is available for understanding closing…