Why Mortgage Rates Are Rising: How the Iran War Reached Your Rate
Why mortgage rates are rising: the Iran war pushed oil up, inflation fears lifted the 10-year Treasury yield, and mortgage rates followed. What to do now.
CFPB loan estimate explained: how to read all three pages
A CFPB Loan Estimate is the standardized three-page form every mortgage lender must send within three business days of receiving your application. This guide walks through all three pages — loan terms, closing costs, and comparison tools — and shows Colorado borrowers how to use the form to compare loan offers from different lenders.
What Is the VA IRRRL Enhancement Program? Explained
Seen ads for a VA IRRRL enhancement program? Here is what that phrase actually refers to, how the VA Interest Rate Reduction Refinance Loan works, who is eligible, and how Colorado Springs veterans can tell a legitimate streamline refinance from a misleading offer.
What Is the VA IRRRL Enhancement Program? Plain-English Guide
Seen a mailer about a "VA IRRRL enhancement program"? There is no separate enhancement program. The real product is the VA Interest Rate Reduction Refinance Loan (IRRRL), the VA streamline refinance for borrowers with an existing VA loan. This guide explains what the IRRRL actually is, who is eligible, how closing costs and the VA funding fee work, and how to tell a legitimate offer from a misleading one.
Is the VA IRRRL Program Legit? What Veterans Should Know
Veterans in Colorado Springs often get flooded with refinance mailers and wonder whether the VA IRRRL program is legit. It is a real Department of Veterans Affairs refinance option — here is how it works, who qualifies, and how to tell a genuine offer from a misleading one.
Is the VA IRRRL Program Legit? What Veterans Should Know
The VA Interest Rate Reduction Refinance Loan (IRRRL) is a legitimate program backed by the Department of Veterans Affairs. This guide explains what the program actually does, who is eligible, how the process works, and how to tell a real IRRRL offer from a misleading one.
What Happens to Your Property in Nonjudicial Foreclosure?
In a nonjudicial foreclosure, the lender follows a series of required written notices under the power of sale clause in your deed of trust, then sells the property at a public auction to the highest bidder — all without filing a lawsuit. Here is the step-by-step sequence, what you control, and where Colorado and military borrowers can get help.
CHFA Loan Servicing: Who Handles Your Payment in Colorado
CHFA loan servicing is handled through a servicing alliance between the Colorado Housing and Finance Authority and Dovenmuehle Mortgage, Inc. Here is how payments, hardship assistance, insurance changes, payoffs, and account questions actually work after closing on a CHFA loan.
How Can I Help Ensure I Don’t Miss My Mortgage Payments?
Missing a mortgage payment is almost always preventable. Here is a practical system for Colorado homeowners: read the monthly statement every time, automate the payment, understand why monthly payments change, and contact the mortgage servicer the moment something looks off.
Where to Get Cost Estimates for Homeownership Expenses
Homeownership costs come from more than one place, and so do the estimates. The Consumer Financial Protection Bureau points to four sources: your insurance agent, the local tax assessor, the homeowners association, and your lender. Here's exactly what to ask each one, plus how the Loan Estimate protects you once you apply.