Mortgage Resources
Could Higher Rates Make it Easier to Buy a Home in Colorado?
Higher interest rates and guideline changes might decrease the amount of investment property buyers Since December of 2021 to April 2022, 30 year fixed interest rates have risen from around 2.875%, to around 4.875%. That's a huge jump. At first ...
How to increase organic SEO for Realtors using backlinks
Like many other businesses, real estate agencies rely on online traffic in order to bring potential sellers and buyers to their websites. This is where SEO comes in. The goal of SEO is not just to rank high on Google ...
New FHFA Fees for Mortgage Refinance
You may have heard that FHFA plans to add a refinance fee of .5% to all refinances starting December 1st. Most lenders have already begun adding this to their rate sheet. We have a few lenders that will not add ...
NEW Closed Loan – 7/29/20
The loan for a Colorado Mortgage Group customer went from submission to CTC in just 14 days — that’s really fast! It was submitted on July 9, 2020 and received the CTC on July 29, 2020. Great work David Burson ...
4 Misconceptions Millennials Have About Buying a Home in Denver
When it comes to buying a home in Denver, millennials are moving much slower than previous generations. Part of the reason is that there are some major misconceptions that make millennials not want to buy a home. Before you wait ...
5 Common Mistakes that Borrowers Should Avoid
It's is very common for Mortgage Loan Originators to provide inaccurate credit tips when working with their borrowers. So we put together a list of things NOT to do when trying to improve a borrower's credit. Don't do these things: ...
Reverse Mortgage Counseling – Common Questions
“Which counselor should I choose?” – A list of HUD-approved, third-party counselors near your area will be provided to you. You may contact any of the eligible counselors on this list to schedule a session.“Do I have to go somewhere ...
Colorado Mortgage Group can now offer $679,650 Conventional High-Balance loan program
680 minimum FICO 43% debt-to-income 80% loan-to-value Primary and second homes Average turnaround time of 15 days or less from submission to closing Some areas of Colorado have an average purchase price well above the Conforming loan limits and High-Balance ...
CHFA SmartStep Program
CHFA SmartStep Program CHFA SmartStep purchase mortgage program is open to home-buyers that have a mid credit score of 620 or higher. This program features CHFA's lowest mortgage interest rate. It features FHA, VA, and USDA Rural Development. If you qualify, you may ...
CHFA Advantage
CHFA Advantage Do you have a minimum mid credit score of 680? It could be possible for you to purchase or refinance with a 30-year fixed rate mortgage with only 3 percent down and no mortgage insurance. On a traditional ...