Shawn

PCS to Colorado Springs?

Homebuying FAQ's 1. Isn't it just easier to rent than to buy? I get this question a lot. Colorado Springs is very different from other duty stations you may have lived at. The area is large but really still small. That won't make sense to you now but when you arrive you'll get what I mean. We have really one county in our area (excluding the mountain communities). Finding a home takes (with a good Realtor of course) no more than a...Continue Reading!

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!

1605 Westmoreland Rd. Colorado Springs CO 80907 $144000

Great opportunity close to UCCS! [nggallery id=16]This cute home is walkable to UCCS. Avoid parking hassels. All new interior paint and upper level carpeting. Main level features lovely wood floors. Four bedrooms and two full baths. Covered deck is perfect for BBQ's and entertaining. FHA and VA financing are offered on this home so buyers can close with minimal or no down payment.  This home just needs a new owner to add personal touches and a bit of TLC to make it perfect....Continue Reading!

Can You Rent Out A Home With A VA Loan?

Common Question Can you rent out a home that has a VA mortgage on it? Yes, with certain conditions. VA loans are given only to Veterans who plan to occupy the home as their principle residence. This means that you cannot use your VA loan benefit to buy a home to fix and flip or to rent out as an investment property in the first place.  As a side note, I have never known how VA will monitor this but you...Continue Reading!

Why is my home not selling?

In the real estate market today I hear this a lot! In the old days all you had to do was list with any agent who would put your home in the MLS and then wait a few weeks for an offer. News flash! Those days are gone. Things are different now. Read below for some answers and help in this difficult market. (more...)Continue Reading!

“Do’s” and “Don’ts” Make Getting a Mortgage Easier

Waiting for your closing day? During the processing of your loan there are certain things to keep in mind that may impact your loan transaction. During the loan approval process, your credit history, income and assets are verified for the initial approval and oftentimes just before your loan closing.  (more...)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!

2311 Diamond Creek Colorado Springs CO 80921 $545664

Former model home! [idx-listing mlsnumber="545664" showall="true"]Continue Reading!