Shawn

Buyers Category

Homebuyer Tax Credit Extended!

You might have heard that the Homebuyer Tax Credit has been officially extended. (more...)Continue Reading!

Do Buyers Really Need a Home Inspection?

Are you kidding me? That is what most real estate agents would say. Their biggest concern through the inspection process is for their buyer and any potential liability that they may carry if they do not recommend a home inspection. (more...)Continue Reading!

PITI What is it good for?

Absolutely nothin. Sounds like a 70's song to me! Actually every potential home buyer needs to know exactly what the term "PITI" is. P This is the Principle of your mortgage. The lender calculates the payment based on the principle balance of the loan. This amount is small at the beginning of the loan term and grows larger as the balance is paid down and the interest owed becomes less. (more...)Continue Reading!

Colorado Springs First Time Home Buyers The Clock Is Ticking!

Time is Running Out! The $8000 Federal Tax Credit for first time home buyers will end at midnight on November 30th. I fully expect the closers at our local title companies to be working up until the deadline that day. Currently I am seeing many frenetic first time buyers and their agents looking at anything with a roof on top of it hoping to find "the one".  The problem is that even if the home is found, it might be difficult...Continue Reading!

Colorado Springs Crime Statistics

Many people who are searching for a home in Colorado Springs are concerend about the safety of one area or another. In the olden days (hmmm...maybe 5 years ago) you would have to drive to the police station and ask for a crime report. I don't think many people ever did that--too much hassle. I have found several great ways to research the crime stats from the comfort of your own computer screen. (more...)Continue Reading!

Colorado Springs REO Listing 11821 Cruden Bay 80831 $219900

This rancher is located on a half acre lot with great views to the west. Think mountains here!! Main level is fully finished and features a large master bedroom suite with bath and an additional bedroom plus bath. The main level is in pretty good condition (for a foreclosure home) and just needs a bit of cleaning, paint and carpet to be good as new. Sorry cat lovers this one does not have that familiar cat scent! Really, that's a...Continue Reading!

Need to Buy a Home Now? Get a Buyer Agent…Please!

I just had another call from a frenzied buyer hoping to beat the deadline for the $8000 home buyer credit. They saw one of my listings in the MLS and wanted to take a look at it. The bad news is that home already has several offers on it already. The seller will be choosing one today. I asked the buyer if they were working with a Realtor. She said "no, we always call the listing agents. That's what my family...Continue Reading!

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5 Reasons for Mortgage Pre-Approval Before you PCS

It's a Tricky Business Why get pre-approved? Many reasons actually but these 5 reasons below will convince you! 1.  You need ample time to get to know your lender As soon as you find out you are moving to Colorado Springs, you will want to work on interviewing your future Real Estate Agent as well as your Mortgage Lender. The process can be a stressful one! Ask lots of questions, get referrals from friends do your research! We can give you information on...Continue Reading!

Interest Rate Update

Just heard from Rose Kelly, Universal Lending Corporation. She tells me that today's rates are looking good. FHA 30 year  5.0% 5/1 ARM 4.25% VA 30 Year 5.0% Conventional 30 year fixed 5.125% CV 5/1 Arm 4.0% Rose is a top knotch local lender that I have worked with for years. She is your best source for mortgage information and service!  Contact me or leave a comment below to receive more detailed loan information.Continue Reading!