Mortgage Resources

New Mortgage Guidelines Starting October 3, 2015
New Mortgage Rules Aim To Simplify Information But May Slow Down The Process As of October 3rd, the TILA-RESPA Integrated Disclosure Rule (TRID) will require lenders to provide potential borrowers with more detailed rate and fee information. This process will ...
Tips For Refinancing Your Mortgage
What To Know Before Refinancing Refinancing, is when a new mortgage replaces the original mortgage on a house.  This is done when it benefits the borrower to lock in a different, and better interest term and rate. In order to do ...
FHA Loans: Fixed Rate
What is a FHA Loan? FHA loans have helped the United States become some of the most housed people in the world, recording over 73 million Americans as home owners. Today, FHA loans are popular. With lower down payment requirements and ...
How To Avoid Common Mortgage Approval Mistakes
1. Avoiding or Leaving Out Information on Your Financial Profile Colorado Mortgage Group will begin by reviewing your personal information.  This information will include employment, income, residence history, debts, and assets. The important take away is to answer every question and ...
What Is a FHA Adjustable Rate Mortgage?
Features of How it Works The Key to this program is that the lender is able to assist low to moderate-income families get into a home by keeping costs such as a down payment lower.  Under an FHA loan individuals ...
FHA Reverse Mortgage (HECM)
What Is A Reverse Mortgage? A reverse mortgage is a special type of home loan that lets you convert a portion of the equity or wealth in your home into cash. The wealth that you acquired over the years of making mortgage ...
FHA Loans For Condominiums
Although there are many FHA Condo Approval Guidelines, these are the basics that will determine eligibility.  These requirements are taken directly from the FHA guidelines. THE BASIC ELIGIBILITY REQUIREMENTS for 2015 Right of First Refusal in Declarations can not violate ...
How to Improve Your Credit Score
Increasing Your Credit Score A credit score reflects credit payment patterns over time, with more emphasis on recent information. You can check your credit report to read a summary of what goes into your credit score. Take the following steps ...
The Essentials: Your Checklist For an FHA Loan
So, you have started the FHA Loan process, there is some information that is necessary to gather. Below is a list of material to organize and helpful hints that will save time later. Review your credit report: The underwriting guidelines ...