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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…
When the news of REcolorado's sale to a private equity firm broke, it felt like an unexpected storm hitting a serene beach. The tranquil calm was suddenly pierced with uncertainty. This is what happened with REcolorado. On June 25, 2024,…
Picture a bustling marketplace where different vendors throng, each vying for the attention of discerning customers. In this scenario, the National Association of Realtors (NAR) settlement feels like a sweeping reform, instigating varied reactions and expectations from the diverse crowd.…
Are you aware of the recent temporary fix issued by the VA to allow buyer-paid broker fees as part of compensation to their brokers? This update is a significant step in ensuring fairness and adequate compensation for veterans using VA…
DOJ: 'Let me make you an offer you can't refuse...' Navigating the real estate sea can be tricky, especially with the latest enforcement policies. The DOJ is adjusting course for agent commissions through stricter enforcement, impacting us all. Recent hearings…
VA's Temporary Fix by June 12 2024 Veterans looking to buy homes in Colorado Springs face a unique challenge in the real estate market, especially regarding real estate agent commissions. Here’s what’s happening. Due to VA policies, veterans cannot pay…
Credit report costs are ripping off consumers: A closer look Mortgage lenders and home buyers in Colorado Springs face steep increases in credit report fees due to costs associated with TransUnion, Equifax and Experian impacting overall expenses. Consumers have noticed…
Breaking - NAR Lawsuit - Fannie Mae Update In the dynamic world of real estate, policy changes can significantly affect everyone involved in the housing market, from agents and loan officers to buyers and sellers. Two major entities,…