The Mortgage Meltdown: Who is to Blame?
The truth is, this was all predictable. In fact, I have been conducting free seminars for over 8 years to try to warn people about some of the very loans that are being blamed for our current...
View ArticleLocal Lender Awarded Excellence in Customer Service
The Front Range of Colorado has seen a dramatic decrease of mortgage originators in the past four years. In 2007 there were 19,000 originators in the state offering real estate home mortgage loans and...
View ArticleThere’s More to it than Just Rates
While rate is the most publicized aspect of the mortgage industry it may not always be the most important factor for you when selecting a loan. For example, the term of the loan has more to do with how...
View ArticleVerifying Banking & Investing Accounts
Is it alright to use Internet statements instead of a hard-copy bank statement to verify banking and investing accounts? Internet statements are allowed if: The document contains full name The...
View ArticleLocking in Your Interest Rates
What does locking your interest rate mean, and when and how do you lock your interest rate? Locking your interest rate refers to guaranteeing a specific interest rate for a specific period of time....
View ArticleWill My Loan be Sold?
Will my loan be sold, and if so, who would be servicing my loan? We service some of our loans, and we sell some of our loans. The answer depends on your type of loan product. We originate, process,...
View ArticleThe Credit Score
The starting point of every home mortgage loan is a credit score. An individual’s credit score exhibits to a lender their potential ability — or more importantly, willingness — to repay debt. Credit...
View ArticleIntroducing Rob Clennan: VP of Sales
July 2012 Robert Clennan Promoted to V.P. of Sales for Mortgage Solutions of Colorado Former branch manager prepared to assume new responsibilities Colorado Springs, Colo. — Robert Clennan, Freedom...
View ArticleWhen It Comes To Refinancing in Colorado, There Are No Stupid Questions
With today’s low interest rates, there has been a rush on refinancing. It seems like a given that it’s a good idea and some people are blindly following suit, responding to invitations from their...
View ArticleAre My Colorado Closing Costs Fair?
If you’re buying or refinancing a Colorado home, one of the biggest expenses will be the closing costs. And feeling good about them is the top priority when it comes to picking a Colorado mortgage...
View ArticleColorado Mortgage Q&A: What Do You Need To Know About Investor Loans?
With home prices still low and interest rates near record lows, a lot of Colorado homeowners are looking at investing into second income generating or investment properties. Of course, the long-time...
View ArticleColorado FHA Loan Limits
If you’re interested in buying a Colorado home, a Federal Housing Administration loan could be the right option for you. It offers more flexible approval requirements, a lower down payment and included...
View ArticleColorado’s Low Down Payment Loan Options
You have probably been hearing that this is a great time to buy a Colorado home. Mortgage rates are low and home prices are still below their peaks. The discouraging element of obtaining a mortgage for...
View ArticleColorado Mortgage Q&A: Can My Parents Provide My Down Payment?
Coming up with the down payment is always the hardest part of obtaining a new loan to buy your dream Colorado home. Many first-time homebuyers struggle with it. While there are programs like FHA loans...
View ArticleColorado USDA Home Loan Limits
You may have realized by now that the United States Department of Agriculture (USDA) home loan is one of the best mortgage options out there. If you’re looking for a house in a qualified area and meet...
View ArticleWhat Do Colorado Mortgage Underwriters Do?
Whether you’re buying your new dream home in Colorado or refinancing your Colorado mortgage for long-term savings, your loan will have to go through underwriting. It can be intimidating, but it’s a...
View ArticleHow to Save Up For a Down Payment
Even though you don’t need 20 percent for a down payment, coming up with the minimum 3.5 percent for a Federal Housing Authority-backed loan or 5 percent for a conventional mortgage plus closing costs...
View ArticleThere’s No Such Thing as a Stupid Question about Mortgages
A Colorado home is a big purchase – probably the biggest purchase you will ever make. That’s why it’s essential that you understand how your Colorado home loan will work and go into your closing with...
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