I remember my first property purchase like it was yesterday. My fiancée, now my wife of 23 years, and I were days away from getting married. Littleton, Golden, Arvada, and Evergreen all had great home ownership opportunities for us. In the end, we chose a perfect...
What is a Conventional Loan? There are two major sources for home loans in the United States. FHA loans which are insured by the Federal Government and Conventional loans which are made by private banks and overseen by the Federal government. On a much smaller scale...
What is an FHA Loan An FHA loan is a loan which is underwritten according to the guidelines set forth by the Federal Housing Administration and insured by the same authority. It differs from Conventional lending in several respects. Easier Qualifications First,...
What is Mortgage Insurance One of the most persistent myths of the mortgage lending world is the idea that mortgage insurance (MIP, PMI, etc…) is an evil that borrowers should avoid. Before we get into the truth about mortgage insurance in its various forms, let’s...
How Much Down Payment Do You Need? One of the most difficult and misunderstood aspects of buying a home is the question of how much down payment is needed. A common misconception among buyers is that 20% of the purchase price of the home is the required minimum down...
