Learning about Refinance Break-Even Point and Its Importance

Interest rates are at an all-time low, and because of that, people are refinancing their mortgages. Although it may seem like a good idea, it may not be the best financial decision for everyone. That said, if you are planning to refinance, knowing your refinance break-even point is a great way to determine if you […]

Adjustable-Rate Mortgage 101: A Guide for Homeowners

An adjustable-rate mortgage (ARM) is a loan in which the interest rate is not fixed but instead is adjusted periodically according to a benchmark rate. The most common ARM is the 5/1 ARM, which has a fixed rate for the first five years and then adjusts annually for the remaining term of the loan. While […]

What Veterans Need to Know About VA Loans – A Guide

VA loans are one of the most popular financing options for homebuyers, but they can be confusing for first-time buyers or those who are not familiar with the process. This guide will explain everything you need to know about VA loans, from eligibility requirements to how to apply for a loan. What are VA Loans? […]

A Guide to Refinancing an Adjustable-Rate Mortgage

If you have an adjustable-rate mortgage, you may be considering refinancing to lock in a lower interest rate.  Adjustable-rate mortgages (ARMs) typically start with a lower interest rate than fixed-rate mortgages, but the rate can change over time. The initial interest rate of an ARM is often lower than that of a fixed-rate mortgage, which […]

A Breakdown of the Total Costs of Buying a Home

When you receive a mortgage offer that you like, it’s important to consider all the costs of buying a home before deciding if you can afford it. In addition to the mortgage payment, you’ll need to factor in closing costs, insurance, and taxes. Considering all these costs, you can ensure you’re not biting off more […]

Debunked! Common Myths About Refinancing Mortgages

Thanks to a significant decline in interest rates, millions of homeowners are now in a position to consider refinancing. This means they can save money on their existing mortgage by refinancing at a much lower rate. The more mortgage rates decline, the more homeowners have the potential to save, too. That said, many first-time refinancers […]

9 Common Questions to Ask Regarding Colorado FHA Loans

An FHA loan is a mortgage insured by the Federal Housing Administration (FHA). This loan is popular with first-time homebuyers because it allows them to make a smaller down payment than a conventional mortgage. When it comes to FHA loans in Colorado, there are a few key things that borrowers need to know. Here are […]

8 Reasons to Consider Adjustable-Rate Mortgage Loans

An adjustable-rate mortgage loan (commonly referred to as an ARM) is a type of mortgage where the interest rate on the loan changes over time. The initial interest rate on an ARM is usually lower than that of a fixed-rate mortgage, but it can increase over time – sometimes significantly. While an ARM may not […]

Financial Aid: Why You Should Refinance Your Home Loan

When it comes to your home, there are many reasons why you might want to refinance. Perhaps you want to lower your monthly payments, or you need to access some of your home’s equity to make improvements or pay off other debts. When people refinance their mortgage, they take out a new loan to repay […]

What You Need to Know Before Buying Real Estate in Colorado

The current housing market brings relief to buyers who have been looking to purchase a home. The market has been slowing down since the spring when home prices began to rise at an unsustainable pace. It has caused many potential buyers to postpone their purchase or purchase a less expensive home. The cooling market has also been […]