What You Should Know When Shopping for a Mortgage
Housing may be a necessity, but real estate is certainly an investment. In fact, it’s the investment of choice for many. In a recent survey, "Bankrate.com" discovered that 25% of…
Understanding Loan Commitment
The loan commitment is the beginning of the final stage in the home mortgage financing process. It is the lender’s conditional promise to offer a mortgage loan to a specific…
Good Faith Estimates
In previous articles, we discussed loan pre-approval and pre-qualification, which occur when a borrower makes a loan application. The big takeaway from this process will ultimately be a “Good Faith…
Understanding Clouded Titles
When you buy a house you certainly don't want to inherit someone else's debts or legal problems. This is one reason for a Title Insurance policy. Title Insurance protects or insures…
Everything You Need to Know About Mortgages
Over the last few years, 75-80% of American home buyers have required a mortgage to purchase their home. Yet most of us understand very little about the mortgage industry. This…
How Are Title Costs Determined?
The title insurance industry is unique in that regulation by the state serves as a natural check on profits. Rates by title companies are ultimately set in response to competition…
How Do You Choose a Good Title Company?
When buying or selling your Colorado Springs home you most likely do the appropriate research before choosing your real estate agent, your lender, your moving company and others. But did…
Why Do I Need Title Insurance?
Title insurance is just one of the many things that appear on your home buying settlement sheet, but it’s also one of the most important. The Colorado Springs property you…
Obama Directs FHA to Reduce Mortgage Insurance Premiums
On January 26th, the Federal Housing Administration reduced its mortgage insurance premiums by 50 points, from 1.35% to 0.85%. This was by executive order from President Obama. The cuts will…