First we saw FHA lower their cash out refinance limit just last week. Now the Veterans Administration is following suit to lower their cash out refinance limit from 100% to 90% effective with mortgage-backed securities guaranteed on or after November 1, 2019. If you've been thinking of taking out … [Read more...]
FHA moves to limit cash-out refinances
For the first time in a decade, FHA cash out refinance limits have been slashed from 85% to 80% of your home's value. If this 5% cut won't help you achieve your goals then let's see if you are able to consider other loan programs that may provide the cash you need. Call us to discuss your options … [Read more...]
Why Partner With A Local Loan Broker?
We all know buying a home is stressful. Between choosing your purchase team, finding the home, writing the winning offer, passing inspections, completing the appraisal, closing the transaction and then finally moving; the last thing you need to worry about is will your mortgage loan close without … [Read more...]
What Do Chocolate Brownies and Good Neighborhoods Have in Common?
Comfort! Envision a moist and chewy brownie, just cooled and freshly baked, along with your favorite cuppa Joe or Earl Gray and sensations of simple joys, homey comforts, and a general feeling of ahhhhh… takeover. A well-chosen home provides similar feelings if it is safely ensconced in the bosom … [Read more...]
Can’t Afford to Buy a House… or Can You?
The decision to rent an apartment or home is sometimes based on the false belief that you won’t qualify for a home mortgage loan. Renting a home or apartment in the Colorado Springs and Denver Metro areas is becoming increasingly expensive. Last year U.S. News and World Report cited Colorado Springs … [Read more...]
