In today’s real estate market, assumable loans are being pushed a lot by listing agents. But what is an assumable loan and is it a good option for you? Troy Reichert, from the Reichert Mortgage...
We sat down with Troy Reichert, from the Reichert Mortgage Team, to discuss interest rate buy downs. What are they? Are they worth the cost? When are they beneficial? Who pays for them? We answer...
Is now a good time to buy a house? Is the Colorado Springs housing market cooling off? Should I wait for interest rates to go back down? These are all questions we are getting asked...
What is the difference between pre-qualified and pre-approved? Buyers often hear they need to be pre-qualified and pre-approved. While these are critical steps in the home buying process, people often use these terms interchangeably. The...
Wire fraud is absolutely detrimental to the sale or purchase of real estate. Here are some tips to avoid wire fraud and to ensure your transaction runs smoothly. What Is Wire Fraud The dictionary defines...
The topic of homeowners insurance may seem overwhelming. It is important to educate yourself on homeowners insurance. Research different companies, shop rates, and compare coverage. Similarly, compare premiums and deductibles and read reviews! The least...
What is PMI or Private Mortgage Insurance? You hear this term tossed around quite a bit in the world of real estate. However, most people aren’t quite sure what it means or know if it’s...
Your credit score when buying a house directly impacts your interest rate, loan amount, and ability to qualify all together. In the current Colorado Springs real estate market, you’re going to need all the purchasing...
Buyers have the right to a home inspection during the home buying process. Buying a home in Colorado Springs is tough right now; we’re in a strong seller’s market. Buyers are waiving the home inspection...
One of the most important steps in buying a house is choosing a mortgage lender. The options are endless and we encourage you to shop around. If you are buying a house here in the...