One-Time Close Construction Loan: A Guide For Homebuyers Building your dream house can be a challenging endeavor, especially when it comes to financing the construction. Traditional construction loans often require two separate closings, one for the construction loan and another…
If you are a first-time homebuyer, LISTEN UP! 719 Lending is here to keep you from falling victim to the Top 4 First-time Homebuyer Mistakes. This short article and the above video are a life-line for you. Mistake #1- Thinking…
I Want To Be a Millionaire! It is not a secret that real estate has made more millionaires over the history of our nation than any other asset. The attached video speaks about a strategy that anyone can pursue to…
What is an Annual Percentage Rate (APR)? APR attempts to factor in upfront costs to deliver an actual "cost of financing," which is typically higher than the interest rate on your mortgage APR relies on human input and variables that…
Here’s everything you need to know about adjustable-rate mortgages. Are adjustable-rate mortgages dangerous? Isn't this the same type of loan that was so popular preceding the last recession? Yes, but they're not scary once you fully understand them. Adjustable-rate…
Should I Pay Off My House? There is no simple answer, but this article will explain what factors you need to think through before you work hard to pay off your home. "Being debt free early in life should…
Is it Still a Good Time to Purchase a Home in Colorado Springs? You are establishing an estate for your family and heirs when you buy a home. Without a doubt, it is an important step to take as soon…
How desktop appraisals went from temporary to permanent in our market. Say bye-bye to standard appraisals. The Federal Housing Finance Agency announced last October that it would be transitioning to allow desktop appraisals. Desktop appraisals are appraisals that don’t…
Changes coming on April 1 will greatly increase the cost of a second home. Starting April 1, second home purchases could be more expensive. Fannie Mae and Freddie Mac are changing their loan-level price adjustments causing rates to increase…
Why Home Equity Is a Bright Spark in the Housing Market Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4…