Understanding Your Property Taxes

Copy of Coffee Exterior
  Will property taxes go up in 2016?   Better yet, just how are property taxes calculated? Here, in Colorado Springs, the El Paso County Assessor re-evaluates the value of homes every two years.   He starts with the current market value of the home. Market Value is based on the most recent comparable sales in the area. Once...
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Ringing in the New Year

fireworks
As we wrap up 2015, I want to thank you all for your business, referrals and friendship. I am so grateful to do this work and for all of you, for making this a wonderful year! Here is what our Colorado Springs real estate market saw in 2015 (as of November 30 th ) : Single Family Home Sales Up 17.6% from last year Condo/Townhome Sales Up 29.9% from...
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Getting Your Homeowner's Insurance Refund

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Did you know there might be money waiting for you?   And if you don't claim it, it may never be yours to keep.  I am referring to homeowner's insurance refunds.  When you buy a home you purchase homeowners insurance for it.  And most of us have that insurance policy premium paid by our mortgage lender.  In this ca...
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Show Me the Money!

Show Me the Money
When purchasing a home, personal checks are not accepted at the closing table.  “Good Funds” as our contracts call money due at closing, will need to be either a cashier’s check or wire transfer. A cashier’s check is simple to obtain. Usually you can purchase one at your bank. These work well when you have a down payment to bring.   BUT b...
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New, Easier-to-Understand Paperwork for Homebuyers

RESPATILA
For Colorado Springs homebuyers who have been frustrated by all the numbers and descriptions on the Hud-1 and Truth-in-Lending Disclosure Statements, there is good news.   Starting October 3, 2015, lenders must issue new documents clearly delineating the costs associated with a home purchase: the Loan Estimate and the Closing Disclosure. Known...
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There is Life After Foreclosure for VA Loans.

VAReUse
You can obtain another VA loan after you have experienced a short sale, foreclosure or deed-in lieu foreclosure with an existing VA loan. But there is no guarantee…you must determine how much (if any) entitlement you have left previous post to learn and meet the necessary salary and credit qualifications. Remember that your credit score will be “di...
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Here's a little secret....You Can Have More Than One VA Loan at a Time.

VA Loan secret
Many veterans are not aware that they can qualify for more than one Veterans Administration loan at a time, depending on circumstances. They can take solace in the fact that many lenders are also not aware of this situation. The VA loan limit for veterans who wish to buy real estate is $417,000. This is the base amount—the limit may be higher...
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Everything You Need to Know About Mortgages, But Didn’t Know Who to Ask

colorado springs home loans
The world of home financing is a multi-faceted one and we at Springs Homes would like to help you understand the ins and outs of the mortgage world. Much of the confusion and seemingly random nature of the home loan and mortgage process has to do with where the money comes from and how it flows. In this article we will discuss the various roles pla...
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What You Get: Tri-Lakes $325,000 to $400,000

trihead
The Tri-Lakes area is located in Monument, Colorado just minutes north of Colorado Springs. This area grew because it is convenient to both Colorado Springs and Denver. Lots sizes in this area are larger as are the homes and their prices. We have looked at the last six months of sales (March 2014-August 2014). In this period we saw a high sale of $...
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