When purchasing a home in Colorado, buyers must budget for various closing costs in addition to their down payment. Although some closing fees are split 50/50 between the buyers and sellers other costs are solely the buyer’s responsibility. As a licensed mortgage loan originator, I’ll review below the typical closing Read more…
Getting a mortgage without a job can be challenging but not impossible. In today’s dynamic financial landscape, there are specialized mortgage products designed to cater to individuals without traditional employment. Let’s explore three unique mortgage types – the Asset Depletion Loan, the No Ratio Mortgage, and the Debt-Service Coverage Ratio Read more…
Nestled below the Rocky Mountains with panoramic views, Castle Rock provides scenic foothills living blending natural beauty with modern community infrastructure. Growth in recent decades transformed the former farming hub into one of Colorado’s most desirable suburbs. New developments expand residential offerings while respecting the beloved small-town vibe through thoughtfully Read more…
DSCR or debt service coverage ratio mortgages are valuable real estate financing options for investors. Colorado is a desirable location for many investors thanks to a booming economy, population growth, landlord-friendly policies, and tourism. Nearly everywhere you look, communities and neighborhoods are growing, and with over 300 sunny days per Read more…
Living in Douglas County, CO Located in the Denver metropolitan area, Douglas County is a lovely area with steep mountains and flat grassy plains wonderful historical landmarks. The county was inhabited by the Native American tribes such as the Arapaho, Cheyenne, and Ute tribes. Douglas County was created in 1861 Read more…
1.) How long do I need to wait to refinance my home? The typical waiting period is 6-12 months after your purchase or previous refinance. It’s worthwhile to speak with your loan servicing dept. who helped you on your current loan to confirm there aren’t any prepayment penalties for refinancing. Read more…
The Colorado Springs real estate market has done surprisingly well during 2021, regardless of the continuous challenges caused by the coronavirus pandemic and new variants. So as we approach the final month of the year, we are noticing some favorable estimates for the Colorado Springs housing market into 2022. The Read more…
Mortgage lenders have substantially helped self-employed borrowers obtain financing by using the bank statement home loan. Approximately 8 years ago is when the bank statement loan became available and it has become the go-to loan product for business owners and self-employed borrowers ever since. Before that business owners were looking Read more…