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The #1 Thing All House Hunters Ought To Know

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...

Who Is Reed Letson

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...

Refinance Mortgage – Problem or a Solution?

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...

How to Buy Your First Home When You Have No Money

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...

3 Financial Tips Every First Time Home Buyers Should Know

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,...
5 Steps to Get Approved For A Vacation Rental Property

5 Steps to Get Approved For A Vacation Rental Property

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...
How To Get A Home Loan: Guide For First-Time Home Buyers

How To Get A Home Loan: Guide For First-Time Home Buyers

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...

Useful Information on USDA Loans Colorado Springs

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...

Top Programs for First Time Home Buyer Loan in Colorado

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...

Loan Limits for VA Mortgage in Colorado Springs

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...

Detailed Information on Mortgage Brokers in Colorado

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...

Denver Down Payment Assistance: How to Get Help Buying a Home

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...

Different Types of Home Loans in Colorado

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...

Seven Steps to Get a VA Home Loan in Colorado Springs

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...

Refinance Mortgage Packages and Possibilities in Colorado

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...

Key Factors That Determine Reverse Mortgage Payout in Denver

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...

Jumbo Loans in Colorado – Buy Your Dream Home

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...

Finance Your New Home with USDA Loan in Colorado Springs

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....

Benefits of Using A Mortgage Calculator for Colorado Springs

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...
Mortgage Calculator for Colorado Springs – Benefits and Use

Mortgage Calculator for Colorado Springs – Benefits and Use

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...
Key Benefits of USDA Loans in Colorado

Key Benefits of USDA Loans in Colorado

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...
Jumbo Loans in Colorado – Get the House of Your Dreams

Jumbo Loans in Colorado – Get the House of Your Dreams

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...
First Time Home Buyer Loan in Colorado – What to Keep in Mind

First Time Home Buyer Loan in Colorado – What to Keep in Mind

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,...
Down Payment Assistance Programs for First-Time Home Buyers in Denver

Down Payment Assistance Programs for First-Time Home Buyers in Denver

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...
Know the Benefits of VA Loans in Colorado Springs

Know the Benefits of VA Loans in Colorado Springs

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...
How to Get FHA Loans in Colorado Springs

How to Get FHA Loans in Colorado Springs

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...
Things Every First-Time Home Buyer in Colorado Spring Should Know

Things Every First-Time Home Buyer in Colorado Spring Should Know

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...
Down Payment Assistance for Buying A Home in Colorado Springs

Down Payment Assistance for Buying A Home in Colorado Springs

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,...
Role of Mortgage Lender in Purchasing a Home in Denver

Role of Mortgage Lender in Purchasing a Home in Denver

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...
Know About the First Time Home Buyer Programs in Denver

Know About the First Time Home Buyer Programs in Denver

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...
Home Loans in Colorado Springs And Their Advantages

Home Loans in Colorado Springs And Their Advantages

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...
Essential Benefits of Hiring a Mortgage Broker in Colorado Springs

Essential Benefits of Hiring a Mortgage Broker in Colorado Springs

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...
5 Tips When Searching for a New Home

5 Tips When Searching for a New Home

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...
Buyer’s Agreement: Why do I need one?

Buyer’s Agreement: Why do I need one?

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...
Choosing the Right Realtor

Choosing the Right Realtor

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...
10 Commandments of Getting a Mortgage

10 Commandments of Getting a Mortgage

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...
Picking the Right (Loan Officer) One

Picking the Right (Loan Officer) One

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...
Bad Credit Does Not Mean an End to Homeownership Dreams

Bad Credit Does Not Mean an End to Homeownership Dreams

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....
Housing Market Continues to Grow in Colorado Springs

Housing Market Continues to Grow in Colorado Springs

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...
Building Connection and Hope As the Holidays Approach

Building Connection and Hope As the Holidays Approach

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...
The Benefits of Pre-Approval for Your Mortgage

The Benefits of Pre-Approval for Your Mortgage

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...
What is Title Insurance and Why Do I Need It?

What is Title Insurance and Why Do I Need It?

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...
The Impact of Rising Interest Rates

The Impact of Rising Interest Rates

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...
5 Keys to Selling Your Home

5 Keys to Selling Your Home

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...
What Costs Can Be Rolled Into My Mortgage?

What Costs Can Be Rolled Into My Mortgage?

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...
Closing Costs: What’s Included?

Closing Costs: What’s Included?

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...
The Benefits of Using a VA Loan

The Benefits of Using a VA Loan

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...
5 Things You Need to Know Before Relocating to Colorado Springs

5 Things You Need to Know Before Relocating to Colorado Springs

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...
Mortgage Points – Are They Worth the Investment?

Mortgage Points – Are They Worth the Investment?

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...
3 Credit Repair Tricks to Improve Your Score

3 Credit Repair Tricks to Improve Your Score

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...