A simplified guide to the MBS What do honeybees and home loans have in common? Both are exemplars of collective strength. Just as a beehive flourishes through the collective effort of its bees, Mortgage-Backed Securities (MBS) gain their robustness from…
In 2024, the United States real estate sector is set to mark a significant milestone, with an estimated 7.62 real estate professionals for every 1,000 adults. This fascinating statistic is derived from an adult population projected at 262.57 million, with…
What is a VA Loan? At 719 Lending, we're well-versed in addressing inquiries related to VA home loans in Colorado. Our goal is to demystify VA loans by providing an in-depth understanding of their advantages, eligibility requirements, and more.…
What You Need To Know About APOR Mortgage Regulations in 2024 As the financial landscape adapts to new challenges, the Consumer Financial Protection Bureau (CFPB) has overhauled the Average Prime Offer Rates (APOR), critical in the APOR mortgage sphere. This…
As we continue into 2024, prospective homebuyers and homeowners looking to purchase or refinance are keenly observing the mortgage rate trends. Understanding these rates is crucial as they directly impact your monthly payments and the overall cost of your mortgage.…
One-Time Close Construction Loan: A Guide For Homebuyers Building your dream house can be a challenging endeavor, especially when it comes to financing the construction. Traditional construction loans often require two separate closings, one for the construction loan and another…
Being in the mortgage industry we see and study the ebbs and flows of the housing market throughout the year. While spring and summer are traditionally seen as the peak times to buy a home, there are compelling reasons to…
Navigating the journey to homeownership can be a complex process, especially for first-time buyers. Fortunately, 2024 brings a suite of updated programs and incentives designed to make this journey smoother and more affordable. Whether you’re just starting to consider purchasing…
6 minute lesson Lesson Summary Importance of timely document submission for your loan Types of documents needed for loan approval Consequences of delayed document submission Introduction to the online portal for document upload Assistance available from the transaction manager and…
6 minute lesson Lesson Summary Sourcing and seasoning are important in the home buying process. Sourcing refers to where the money is coming from, such as a checking account or 401k. Seasoning refers to how long the money has been in…