Are you curious about FHA mortgage insurance and how it affects your home loan in Colorado Springs? Understanding the mortgage insurance premium rates is crucial for evaluating the overall cost of your FHA mortgage insurance. In this post, we’ll explain what FHA mortgage insurance is, how it works,

Divorce and VA home loans and divorce often come with many questions. How does divorce impact your VA mortgage? Can you assume or refinance the loan? Understanding VA loan rules and state laws is crucial, as these regulations govern how VA loans can be managed among spouses and affect eligibility fo

Can you get a VA loan after bankruptcy? Yes, it is possible. VA loans have flexible criteria that can help veterans re-establish their financial footing. This guide covers eligibility after Chapter 7 and Chapter 13 bankruptcies, the required waiting periods, and steps to rebuild your credit for impr

Are you eligible for a VA loan? This guide covers the basic requirements, different service statuses, and how to get your Certificate of Eligibility. Find out if you qualify for VA loan eligibility.Key TakeawaysVA loans are accessible to eligible veterans and service members, requiring a Certificate

Understanding FHA Allowable Fees:Understanding FHA allowable fees and the role of your mortgage lender is essential when taking out an FHA loan. These costs include mortgage insurance and origination fees, which can impact your overall budget. This article will help you grasp these fees and manage y

One Time Close vs Two Time Close Construction Loan: Which is Best for You?When planning to build a home, understanding the right construction loan for your project is crucial. The main decision often comes down to choosing between a One Time Close vs Two Time Close Construction Loan. This guide will

Must-See Colorado Springs Attractions for Every TravelerColorado Springs Top 10 Attractions: 10 Must SeeColorado Springs has it all—breathtaking mountain views, cultural hotspots and some of the best outdoor recreation in the country. Whether you’re a first timer or a long time resident looking for

Buying a home is an exciting journey, but it comes with its share of expenses—one of which is closing costs. Many first-time buyers are surprised by these additional costs, which can add up to thousands of dollars. As a mortgage professional, I’m here to break down what closing costs are, what they

Summary: If you’re a veteran, active-duty service member, or surviving spouse looking to buy or refinance a home in Colorado Springs, a VA loan is likely your strongest financing option. This comprehensive guide will cover everything about VA loans—from qualification and benefits to navigating the l

What’s new? On December 18, 2024, the Senate passed the Homebuyers Privacy Protection Act (S. 3502), a bipartisan bill aimed at limiting “abusive” digital marketing practices tied to trigger leads. After some initial setbacks—like being removed from a military spending bill—the measure made it throu

Summary:In this post, we’ll explain what Loan-Level Price Adjustments (LLPAs) are, why they matter for homebuyers and homeowners in Colorado Springs, and how they influence mortgage costs. We’ll discuss real examples from Fannie Mae’s official LLPA matrix, show how different levels of buyers are imp

If you’re buying a home in Colorado Springs, you might wonder if homeowners insurance is truly necessary. In this post, we’ll cover why most mortgage lenders (including 719 Lending) expect you to have it, how it protects your investment, and what specific considerations apply here in Colorado.Unders

Summary: In this post, we’ll explore how tracking real-time housing data—especially in markets like Colorado Springs—can give you a clearer sense of upcoming trends in mortgage demand, home sales, and inventory. By the end, you’ll understand how to use this information to confidently navigate the lo

Summary: In this post, we’ll explore the evolving landscape of mortgage forbearance rules—especially the changes following the 2008 financial crisis and the adjustments made during and after the 2020 COVID-19 pandemic. We’ll explain what it means to refinance while in or after forbearance, highlight

In this guide, we’ll break down the essentials of FHA loan closing costs in Colorado Springs. You’ll learn what factors influence these expenses, how to prepare financially, and discover practical strategies to reduce them. By the end, you’ll feel confident navigating your closing costs, armed with

Are you considering a VA loan in Colorado Springs? If so, you’ve probably heard about something called “VA entitlement codes.” These codes help determine your eligibility for a VA home loan and can play a major role in shaping your financial future. In this post, we’ll break down what VA entitlement

Thinking about using your VA loan benefit in Colorado Springs? Before you start touring homes, it’s important to understand two key concepts: eligibility and entitlement. These determine whether you can tap into the powerful features of a VA loan—including zero down payment—and how much you can borr

Thinking of buying a home with your VA loan benefit in Colorado Springs? Before you begin scrolling through real estate listings, it’s crucial to lay a solid foundation. Homeownership brings independence, financial opportunities, and stability. Yet, it also carries serious responsibilities and costs

Are you a veteran or military family planning to use your VA loan benefit for a home in Colorado Springs? Making the jump from renting to homeownership is an exciting milestone, but it also comes with responsibilities that require careful thought and preparation. In this post, we’ll dive deep into t

Are you getting ready to purchase a home with a VA loan in Colorado Springs? Taking the leap into homeownership is a significant decision, and doing it right requires thorough preparation. This post will walk you through what it means to become financially and emotionally ready for a VA home purchas