Refinancing your mortgage can be a smart financial move, potentially lowering your interest rate, reducing monthly payments, or shortening your loan term. Proper preparation is key to a smooth refinancing process. Here’s how to get ready for a mortgage refinance…
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…
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…
What is the VA Mortgage? An In-depth Look into VA Loans The VA Mortgage, provided by 719 Lending in Colorado Springs, is a unique home loan benefit for U.S. military veterans and active service members. Let's delve into…
Private Mortgage Insurance (PMI) is a critical element in the world of homeownership, particularly for those who may not have a substantial down payment. Let’s unravel the mystery behind PMI, exploring what it is, why it matters, and how it…
If you are a first-time homebuyer, LISTEN UP! 719 Lending is here to keep you from falling victim to the Top 4 First-time Homebuyer Mistakes. This short article and the above video are a life-line for you. Mistake #1- Thinking…
I Want To Be a Millionaire! It is not a secret that real estate has made more millionaires over the history of our nation than any other asset. The attached video speaks about a strategy that anyone can pursue to…
What is an Annual Percentage Rate (APR)? APR attempts to factor in upfront costs to deliver an actual "cost of financing," which is typically higher than the interest rate on your mortgage APR relies on human input and variables that…
Steve Haney- An Interview To help our members get to know one another, Weekly Report will publish periodic Member Spotlights that feature professionals from across the reverse mortgage ecosystem. In this issue, we interview Steve Haney, a loan officer with 719 Lending…
Here’s everything you need to know about adjustable-rate mortgages. Are adjustable-rate mortgages dangerous? Isn't this the same type of loan that was so popular preceding the last recession? Yes, but they're not scary once you fully understand them. Adjustable-rate…