RECENT BLOG POSTS
If you pay attention to mortgage news, you've probably heard about TRID* and concerns over delays it could pose in the industry. We’ve closed a handful of TRID transactions, and are actually excited about the process. Our entire staff has placed focus on each file timeline to ensure we’re hitting...
11/25/2015
We are excited to announce a new grant program for home buyers, which is streamlined and offers a significant benefit.  This grant program can be used for down payment assistance or closing costs.   Details: Up to 5% of the purchase price, to be used for down payment and/or closing costs FHA, VA ...
01/07/2015
  2015 is shaping up to be a busy year for home buying in the U.S. - and Denver is certainly in the top destinations in demand!Branch Manager and Loan Officer Michael Shotnik shares his thoughts on what we can expect from the Colorado Mortgage Market in 2015:"I anticipate 2015 will be similar to...
01/06/2015
Most analysts are predicting a rise in mortgage rates for 2015. BofA Merill Lynch reports a slightly different scenario.   We are all enjoying saving money at the gas pump, but the decrease in oil costs has, in a roundabout way, also led to lower mortgage rates. 30 year fixed rates fell to the lo...
12/18/2014
The FHFA announced back in October a number of steps to increase mortgage availability to first-time home buyers.   Fannie and Freddie have now officially approved 3% down payment mortgages for those who can afford a mortgage but lack the resources for a large down payment.   The FHFA will contin...
12/10/2014
  Just released by Freddie Mac, the November 2014 U.S. Economic and Housing Outlook reports a positive forecast for 2015.   The major highlights: We will continue to see a steady housing recovery Mortgage Rates WILL rise - an average of 4.6% is predicted increasing to 5% in 2015 Housing costs wi...
11/19/2014
  This seems like a highly risky proposition. But Facebook does generate its revenue from advertising, and payments through the universally-used social networking site seems a logical business move.   Moving to loans, however, with current lending standards tightening due to fraudulent issues in...
10/14/2014
There are three major changes coming to FICO scores which could mean better terms for consumers applying for home loans. The changes are: Debts that go to collections agencies and get repaid won’t count against a consumer’s FICO score. Medical debts will have a smaller effect on the score. If you...
08/29/2014
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The best way to get started on your home search in Colorado, is to first figure out what you can qualify for financially before falling in love with a house that's potentially out of reach.   With this free online mortgage calculator, you enter: The purpose of the loan (Purchase or Refinance) Pro...
08/29/2014
Whether you are looking to re-locate to Denver, buying a home for the first time and live in Denver, or simply looking for more information about Denver urban areas, we have a free guide for you.   You'll find links related to Real Estate services, neighborhood statistics, loan and financial info...
08/20/2014
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Michael Shotnik

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