Loan Terms Explained

If you’re thinking of obtaining a mortgage, whether for a new purchase or a refinance, it’s a great idea to do some exploration beforehand to familiarize yourself with the process and what you can expect during your loan application, approval and closing. To help you better understand your...

Good Time to Buy

I got an email from a cute new client yesterday that made me smile… “Hi Stacie, Thanks again for taking me out in the cold/wet weather on Saturday. I went from being iffy about buying, to excited about what I can actually afford.” Yay, that’s so awesome, and I can’t wait to...

Rising Mortgage Rates

Sigh.  Are there any other procrastinators like me who waited too long to buy or refi while rates were amazingly low?!   I was so busy helping other people take advantage of the situation that I kept putting off my own paperwork…. From today’s Denver Post… Homeowners who delayed locking...

Downsizing the Dream

I have had quite a few clients this year who sold their big home to buy a smaller one.  There were different motivations behind these moves…some wanted to lower their house payment by reducing their square footage combined with the incredibly low interest rates – in fact, in a couple instances...

Fannie Mae to Require Credit Check Prior to Closing

Effective June 1, 2010, Fannie Mae will begin requiring a final credit check just before closing and funding on a new mortgage.   If new loans exist that are sizable enough to affect the debt-to-income ratio calculations used in the original mortgage approval, the whole deal could fall...