fbpx

HELOCs Becoming More Expensive

  In September, the Federal Reserve raised interest rates for the third time in 2018 and they’re expected to go up one more time this year and three times next year.  If you have a Home Equity Line of Credit, HELOC, you’re paying more to use that money and...
Fast Track Rental Property

Fast Track Rental Property

FHA allows owner-occupants to purchase up to a four-unit property with a minimum 3.5% down payment.  The rent collected on three units could be used to make the payment and the owners’ pro-rata share would be less than ¼ of the payment itself. The owner-occupied...
Mortgage Free

Mortgage Free

It may be an all too common belief that a person will have a house payment and a car payment for the rest of their lives.  However, with a plan and some determination, you can be mortgage free. Planning for retirement is obviously important and many times, an activity...

How to Clean Gutters

The gutters and downspouts on your home are intended to channel rainwater away from your home and its foundation.  When they’re blocked and not functioning properly they can lead to the gutters coming loose, wood rot and mildew, staining of painted surfaces, and...
Consumer Protection from Irresponsible Mortgage Practices

Consumer Protection from Irresponsible Mortgage Practices

Congress enacted the Dodd-Frank Act in 2010 in response to the mortgage crisis that led to America’s Great Recession.  The two parts that apply closely to homebuyers are the Ability-to-Repay (ATR) and Qualified Mortgages (QM). A Qualified Mortgage is a category...

Quick Plumbing Inspection

No one wants to waste water or money.  For that reason, take a few minutes every other month to do the following inspections: Check to see if cutoff valves on sinks and toilets are working properly.  Many times, builders will put individual cutoffs on supply lines to...

Help us protect you: Security advice from Google

Blog Colorado-Springs Turn off less secure access cs.autoblog@gmail.com Your personal information is vulnerable because you allow apps & devices to access your account in a less secure way. Turn off this type of access and see other personalized security...
Act Decisively

Act Decisively

Whether it is hesitation or procrastination due to uncertainty, it can cost buyers by having to pay more for both the house and the financing.  This is one of those markets where most of the experts expect interest rates and prices will continue to rise through 2019....

Reduce Refinancing Costs

There is much more than a lower rate and payment to determine whether to refinance a mortgage.  Lenders try to make refinancing as attractive as possible by rolling the closing costs into the new mortgage so there isn’t any out of pocket cash required. The...

Moisture & Mold

Moisture is mold’s best friend and it thrives between 40 and 100 degrees Fahrenheit which is why it is commonly found in homes.  Mold spores float in the air and can grow on virtually any substance with moisture including tile, wood, drywall, paper, carpet, and...