Just got off a bizarre phone call that I HAD to tell you about. We’ll call her Veronica. (Names are changed to protect the innocent.) Veronica calls my office nearly dizzy with excitement. “Reed, we finally found it! We’ve been looking for so long. This is the PERFECT...
I’m Reed Letson. Not sure how you found me, but here’s a quick reminder of what I do and why you’re here. I help veterans and first-time homebuyers secure affordable home financing to create a lifetime of memories. Are you trying to secure a home loan but you’re...
Trying to find the best home mortgage in Colorado Springs on your own can be frustrating. You will probably spend weeks going through all the choices—a proves made harder by all the financial jargon lenders like to throw around. Before you know it, the...
Is it a good idea to refinance your mortgage in Denver? There is no one answer to this question. Refinancing can save you a lot of money—but it can also cost you money depending on your situation. Why do some homeowners choose...
Wondering if you can buy a house with zero down payment? Talk to a mortgage broker today to find out how you can take advantage of first time home buyer assistance to do exactly that. A broker can point you to a first-time homebuyer program in Colorado...
Reverse mortgages have been widely criticized because they are not the ideal financial move for everyone. But this doesn’t mean that a reverse mortgage in Denver is a bad deal in every situation. Even though it can be an expensive option, it...
Down payment assistance or DPA programs provide grants and low-cost loans to help people buy a home even if they don’t have enough money for a conventional down payment. There are over 2,000 of DPA programs nationwide. Talk to a mortgage broker if you need more...
A house is a major life purchase for most people. Unfortunately, it’s also often an emotional decision with some first-time home buyers. The result? The home that’s supposed to give them security ends up being a major source of financial struggle,...
Getting mortgage approval for an investment property is harder than getting approved for an owner-occupied home. Because lenders view rental properties as carrying more risk than a place of primary residence. As a result, investment property mortgage has more...
Buying your first home should be a straightforward affair, shouldn’t it? Unfortunately, it is not and first-time homebuyers soon discover this. Without guidance, newbie home buyers often end up with rejected loan applications. Or they acquire loans that put them in...
Planning to settle down in a rural area? You may want to consider purchasing a home with USDA loans in Colorado instead of renting. This type of mortgage loan offers a lot of benefits such as: Low-interest rates Since USDA loans are backed by the government, lenders...
Buying your first home does not have to be an overwhelming experience that will leave you strapped for cash for the rest of your life. With the right first home buyer loan in Colorado, you should find the experience simpler and more fulfilling. Here are the top...
A VA mortgage in Denver offers significant benefits that can be exclusively enjoyed by veterans and other qualified US service members. This home loan is backed and guaranteed by the U.S. Department of Veterans Affairs, helping those who served the military purchase...
A home loan will make it easier for you to buy a house, but you need to make sure that its terms are suitable to your needs and that it has an affordable rate. Otherwise, it can easily turn into a long-term financial burden. That said, it’s important to seek a...
A 2018 survey revealed that about 62% of millennials who want to buy their first homes don’t have enough money for the down payment. If you are among them, then here’s good news: You can apply for down payment assistance or simply DPA. This program is...
When applying for a home loan, a smart consumer considers not only the lender’s reputation but also the types of loans the lender offers. It is important to carefully assess the different kinds of home loans so you can select the best one that fits your...
Veterans and active duty servicemen looking for affordable home financing have the option of a VA loan—a type of mortgage that is guaranteed by the government and are made available to veterans through various lenders. These loans offer an attractive option to...
Our financial circumstances can change over time. You may have found it easy to pay your monthly mortgage at the time when you purchased your home, but it may become more challenging down the line. If you find yourself having difficulty paying off your home loan these...
Most senior homeowners will want to access their home equity for retirement and to fund other needs without leaving their home. This is possible with a reverse mortgage, a loan that allows the homeowner to transform their home equity into cash income without having to...
Buying a single-family home, PUD, condo, or a second home can be financially challenging, but you could make it possible with the right jumbo loans in Colorado. A jumbo loan is designed to help you purchase property in a high-end neighborhood, but it may also be...
If you are buying a home in a suburban or rural area, you may want to consider looking into a USDA loan in Colorado Springs. This type of loan is a zero down payment mortgage designed for very low to low-income borrowers who may not be able to get a conventional loan....
A home is often a big-ticket purchase that requires proper decision-making and budgeting. Before you buy one, you need to be certain that you can afford to make mortgage payments throughout the lifespan of your loan. You do not have to do the math on your own when you...
It pays to do your homework and determine the costs beforehand when selecting the right mortgage. After all, your home purchase is likely one of the biggest expenses you will make. You may have many options when it comes to home loans in Colorado Springs, but not all...
The United States Department of Agriculture offers a loan scheme that helps potential homebuyers afford their dream home and benefit from perks that are quite unheard of with conventional loan programs. The USDA or the United States Agricultural Guaranteed Rural...
A jumbo loan or jumbo mortgage is a type of home financing that exceeds limits set by the FHFA (Federal Housing Finance Agency). Different from conventional mortgages, jumbo loans are not eligible for purchase, guarantee, or secured by Freddie Mac or Fannie Mae. It is...
Are you house-hunting for the first time in Colorado? You’ll be glad to know that there are first time home buyer programs available to you. The right first-time home buyer loan in Colorado will make your purchase more affordable and manageable in the long run,...
If you have served the country through the military, you may be qualified for a VA loan in Colorado Springs. It should be easier and more affordable for you to buy a new home in Colorado. Eligible veterans, current members of the military, and their beneficiaries or...
One of the problems you are likely to face when buying your first home is not being able to afford the down payment. In some cases, you may even forget to factor it into your budget. But don’t worry, as there are down payment assistance programs for first-time home...
Colorado Springs is a great place to retire and settle down for military veterans. You may qualify for VA loans that will make it easier to purchase your dream home. The US Department of Veteran Affairs guarantees these loans to most US service members, and they come...
You may not have enough cash in your account to buy a home, but with a mortgage, you can increase your chance of being able to make a down payment and pay for your dream home over time. You just need to make sure that you are working with the right mortgage company in...
Discerning home buyers in Colorado Springs turn to popular financing options like FHA loans to obtain the funding they need to buy their dream home. The Federal Housing Administration insures these loans, and the relatively low allowable down payment makes them...
House-hunting? Buying your first home can be an exciting time for you and your family. You will be glad to know that there is a great selection of properties in Colorado Springs. There, new home prices are fairly lower compared to other cities, and you are likely to...
Buying a home for the first time may be intimidating for most people because of finding the right source of funding is not always a straightforward process. Usually, you would have to go to a bank to get a mortgage. However, you will also need to make a down payment,...
A mortgage lender can walk you through the lending process and provide the loan that best suits your situation. They are critical to the process of purchasing a home in Denver. Lenders have their own borrowing guidelines when verifying your ability to repay your loan...
Soaring prices and homes quickly selling out can make it challenging for first time home buyers to score their dream property in Denver. However, as a first-time homebuyer, you may have more options available to you, thanks to national and state programs aiming to...
Buying a home is challenging for most home buyers. A house is a big investment, after all. It requires a significant amount of your time to find the perfect property and sufficient funding to ensure that you can pay the down payment and comfortably afford your monthly...
Finding the right mortgage can be a daunting process especially for first time homebuyers. The good news is that there are mortgage brokers that can eliminate the guesswork and help you make informed decisions about which loan is the best for your needs. These...
Finding a new home can be an exciting journey. Your family’s needs are changing, and your new home needs to accommodate those changes, be it a new baby, an empty nest, or buying your first home after college. When it comes to finding the right home, however, it...
Searching for a home can be a time-consuming process. Working with a realtor can be critical to finding the right home, because they understand the Colorado Springs market. Hence, they can help you find the right neighborhood and properties within your price range. As...
Purchasing a new home is a big event in your life. Finding the right house can mean dozens of tours and weighing the countless pros and cons of each location and its amenities. Having a quality realtor at your side can make the process easier. They can discuss with...
Once you receive your pre-approval or conditional approval, it can be easy to think that you are in the clear. However, there are a few key things to avoid during the process of applying for a mortgage, particularly during the approval process. Here are the 10...
Deciding to purchase a home is a big step for anyone, especially when it comes to finding the right financing. You are making a decision that will impact your finances for a number of years, so it is important to partner with someone who can understand your needs as...
Purchasing a home is a dream for many families, including those who are serving in our military. Colorado Springs is home to a variety of families from all walks of life and all careers. Within that mix, there are those that may be struggling to repair their credit....
My family has grown with the addition of a puppy. Now for those of you who have ever raised a dog from puppyhood, you understand that there is that period where you have to learn what distracts your puppy. Let’s face it, without distractions, you cannot get anything...
As the November elections draw ever closer, it can be hard to imagine sitting down with those relatives that you don’t agree with over a meal. Yet, that time is almost upon us, as Halloween next week gives way to preparations for Thanksgiving and Christmas, along with...
When it comes to purchasing the right house, the search can be a long one to find the right mix of space, neighborhood, and price. With the market in Colorado Springs still dealing with a tight inventory, you need every advantage available to secure your next home...
It is a time of great excitement in your life. You looked at house after house before deciding on the one. Working with a Colorado Springs lender, such as Elevation Mortgage, you have secured the mortgage necessary to complete the transaction. As you go over the...
As the Federal Reserve raises interest rates, questions remain regarding the impact of the rising rates on the housing market. Does this mean the market will start to slow? In Colorado, there is evidence that demand is exceeding supply, although the number of homes...
There are many reasons why you might be selling your home. In a military area like Colorado Springs, it can often be the result of reassignment. Other reasons include finding a bigger home for a growing family or downsizing because you are an empty nester. If you are...
When it comes to purchasing a home, there are a variety of costs that are associated buying a home beyond just the purchase price. There are fees for attorneys, appraisal costs, home inspections, title insurance, any taxes that may be due, and the fees associated with...
Buying a new home can be an exciting prospect. Financing that home can mean reading through multiple pages of loan documents, trying to understand what you are obligated to pay, what is part of your loan, and what the seller is responsible for. When it comes to...
In Colorado Springs, the military presence is everywhere. Military personnel are working hard at their bases, and their families are also part of our communities. Many military families want to buy a home here but might be hesitant based on the high demand and limited...
For many individuals, Colorado is the land of mountains and amazing scenic views, along with countless outdoor activities. It can be a wonderful place to call home. Here are five things that you need to know about when making Colorado Springs your home. The...
As you prepare to purchase your first home in Colorado Springs, you may have already applied and been pre-approved for a mortgage. There were probably more than a few terms that you had to look up as you went through that process, including closing costs, interest...
Many of us are animal lovers of all kinds here in Colorado Springs, but we especially love our canine companions. And for those of us with amazing dogs at home, it can be a challenge to take them out when businesses just aren’t happy to see our dogs. So today,...
While purchasing a home is part of the American dream, many young Americans are still trying to determine if that is the right dream for them. With large amounts of student loan debt, saving for a down payment can seem cost prohibitive. Others wonder if now is...
Credit scores impact all areas of your life. From your car purchases to securing a 30-year fixed mortgage, your credit score is going to determine how much interest you pay and whether you receive financing at all. For those with a credit score of 750 or above, being...
[vc_row][vc_column width=”1/1″][vc_column_text]Home mortgages and monthly payments of mortgages can feel overwhelming and complicated. Oftentimes, though, with a good explanation of what’s really going on, you can learn to handle home mortgages and all the...
