Private mortgage insurance is something that homeowner’s hate to pay. Why should you have to make the payments on the mortgage and insure the bank’s risk at the same time with insurance? Shouldn’t they be on the hook for some sort of risk as well? While it is a point of contention among many homeowners, [...]

Whether buying in Colorado, Montana, Virginia, or anywhere else — Most lenders will require that you get a home appraisal as part of your closing procedure and it can dictate how much the loan value will be. If you are applying for a loan with 10% down, it will mean that the lender will only [...]

Photo by pink_fish13If you have been looking at getting a residential mortgage in the Boulder area, there are a few things that a conforming loan can require that non-conforming mortgages don’t require. Conforming loans are those that use standardized forms that are approved by Fannie Mae and Freddie Mac. These loan documents apply to national [...]

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If your employer offers a 401K and you are thinking of it as a savings account, you are only part right. It is a savings account for your retirement and the idea of a 401K is that it is money deducted from your paycheck before taxes and deposited into an investment account of [...]

Photo by TheTruthAbout…Right now, lenders are requiring higher credit scores to get the lowest interest rates than any time in recent history. The relation of credit scores and mortgage payments are important because if buyers have a credit score that used to be consider in the excellent range, they could get the lowest interest rates, [...]