Shawn

What if I can’t make my mortgage payments?

Good Question! This is a common question that I hear all the time. There is no simple answer. The thing to know first is that if you miss a payment, the bank is not going to foreclose immediately.  Foreclosure is a lengthy process and costs lenders a lot of money so they don’t want to have to foreclose on their borrowers. If you act quickly, you will have time to make an informed decision. Can I make a partial payment? (more...)Continue Reading!

What is a Deed in Lieu?

What is a Deed in Lieu? When a homeowner is facing true hardship and does not want to go through the entire official foreclosure process, an option called a “Deed in Lieu” is available in some circumstances.  This option may have a lesser impact on your future credit than a full-blown foreclosure. Depending on your situation,  this can be an option. There are certain criteria that need to be met in order for the lender/bank to approve a Deed in Lieu. We’ve...Continue Reading!

Credit Reports: What You Should Know

Questions & Answers  How do lenders determine who is approved for a credit card, mortgage, or car loan?  Why are some individuals flooded with credit card offers while others get turned down routinely?  Because creditors keep their evaluation standards secret, it is difficult to know just how to improve your credit rating. It is important, however, to understand the factors and to review your credit report periodically for any irregularities, omissions, or errors. Reviewing your credit report annually can help you...Continue Reading!

Can you Freeze Your Credit?

The answer is yes. One of my lender partners, Jeff Chapdelaine of Cherry Creek Mortage, just told me about this service.  Those who are quite sure they will not be needing to open any new credit might want to consider it. The first type of person that comes to my mind is a single person in the military getting ready to deploy for a year long tour in the desert. Who needs credit in Afghanistan anyway? Freezing credit will stop...Continue Reading!

Are You Ready To Buy Now?

Is It Time to Buy a House? By Guest Blogger Rose Kelly  If you are in a place where you want to buy a home, now may be the right time to start thinking about it. The banks and government are simply overwhelmed with homes that have been repossessed, and it looks like there might be as many as 2 million more homes to come onto the market. Prices in many areas are going to continue to fall, and if you can...Continue Reading!

Should you use your VA Home Loan Benefit to buy in Colorado Springs?

YES!!! The VA loan benefit for military service members is one of the best benefits available! Many people hesitate to use their VA loan benefit thinking that it is difficult or can only be used once in a lifetime. Not true on both accounts! Read on below for details on buying a home with a VA loan. (more...)Continue Reading!

Did you or do you have a Wachovia Pick-a-Pay Mortgage?

Good News! I used to have a Wachovia Pick-A-Pay mortgage on the last house that I owned. That house sold in 2008. Even so, I just received notice of a Class Action Lawsuit settlement for those who had or have one of these loans. (more...)Continue Reading!

VA Loan Rate Update for Colorado Springs

Low Low Low Low! Rose Kelly of ULC Mortgage has just sent me today's VA Mortgage Rates. They are still crazy low! (more...)Continue Reading!

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!