
What is A Loan Commitment?
The loan commitment is the beginning of the final stage in the home mortgage financing process. But exactly what is a loan commitment? A loan
Your home purchase in Colorado Springs is probably the single largest purchase you will make in your lifetime. There are many options when it comes to mortgages, and while we are not mortgage providers, we want to provide you with as much information as possible so that you can make the best-informed decisions when it comes to your home loan and how much down payment for a house. Using a mortgage calculator for your Colorado Springs purchase is one of the first steps to buying a home.
Take a look at our tool and calculate your mortgage payment using the information for that home you have your eye on. When you are ready, we can get you in touch with a preferred lender so that they can get you on your way toward your home purchase. They will assess your credit history, existing debts and income and will be able to provide you with a variety of home loan options.
This Mortgage Affordability Calculator is a good first step when determining how much of a home you can afford when shopping for a home to buy in Colorado Springs. Enter the amount of the loan, interest rate, length of loan and amount of your down payment and you will see your monthly payment for principal and interest. Don’t forget your monthly payment will include taxes and insurance, so you will have to add that in to have a total monthly mortgage payment amount.
Current rates can be found online, or contact us to be put in touch with our preferred lender.
The loan commitment is the beginning of the final stage in the home mortgage financing process. But exactly what is a loan commitment? A loan
In our current “Sellers Market” we are seeing a serious shortage of inventory for homebuyers to look at. Over the last 5 years, active listings
While homeownership has long been a central part of the American Dream, these days, it’s an ambition that’s becoming increasingly out of reach for many.
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,
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
Prequalification vs. PreApproval Prequalification and preapproval are two important real estate finance terms. Unfortunately, these terms often get confused. The difference is important as it
“By failing to prepare, you are preparing to fail.” ― Benjamin Franklin Preparation is an essential element in any successful real estate transaction, especially when
You might be getting a mortgage for your new home, but did you know? There are fees that you, the buyer, must pay prior to
Qualifying for a mortgage can be one of the more frustrating aspects of the steps to buying a house, even if you have great credit.
Share via: