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…
The VA has raised appraisal rates to help veterans in this market. The VA recently changed its appraisal fees. Ever since December 1, 2021, VA appraisals have cost $800. This pricing structure applies to all of Colorado and could…
Enjoy The Home Buying Process! Having an excellent buying experience can be difficult. Many emotions run around when looking at real estate and rightfully so; you are looking for a place to move your family, to build memories and to…
Closing Day! It’s finally here, the day you’ve been looking forward to. You’re about to go close on your new house. The question is, “what should I expect?”. Your closing date is the day you become the legal owner…
Up-front costs When you go to purchase your home, the seller will expect you to deposit “earnest money.” This is viewed as “good faith” money. It tells the seller that you are a serious buyer. There are no specific goals…
Are You Eligible for a VA Loan? VA loans offer an affordable way for qualifying veterans to buy a house. So the real question is this, “do you qualify for a VA loan”? If you do, the benefits are amazing.…
Credit Score Requirements Minimum credit score Did you know VA does not have any credit score requirements? While that’s true, most lenders do have requirements, and some lenders are more relaxed than others when it comes to your credit score.…
Monthly Payments? VA homebuyers often ask, “what’s included with my monthly mortgage payment?”. Excellent question and something that’s important understand. Your payment is broken up into four elements. We refer to these four elements as P.I.T.I. Aka - Principal, Interest, Taxes, and Insurance. These four elements…
