Latest from Patricia
Market reports, buying and selling advice, and notes on Colorado Springs neighborhoods since 2008.
September 15, 2008 · Buying
FHA currently requires a minimum down payment of 3% from home buyers and beginning January 1, 2009, FHA will increase the requirement to 3.5%. If you are in the process of purchasing a home in Colorado Springs, the loan…
September 1, 2008 · Buying
Most lenders require a down payment in order to obtain a mortgage for a home in Colorado Springs. FHA loans only require 3% down from the buyer unlike many conventional loan products that require at least 10% down. Many…
September 1, 2008 · Buying
There are many bank owned properties for sale in the Colorado Springs area and many buyers are seeking bank owned properties that are offered below market values in Colorado Springs. If you purchase a bank owned…
August 18, 2008 · Buying
There are many bank owned properties for sale in the Colorado Springs area and many home buyers are looking for a bargain. Bank owned properties are generally listed below market value but that is not always the case. In…
August 4, 2008 · Buying
The Old North End is known for it's tree lined streets and Victorian Homes in the central area of Colorado Springs. Many home buyers who like the West side of Colorado Springs and enjoy being a little closer to the…
July 17, 2008 · Buying
With financing regulations tightening up in the mortgage industry, many buyers ask if it is still possible to purchase a home in Colorado Springs with zero down. Due to the sub prime mortgage mess, many of loan products…
July 17, 2008 · Buying
If you are looking to purchase a home in Colorado Springs it is best to avoid making any large purchases. Having inquiries on your credit and increased debt as a result of buying a new car can affect your credit score.…
July 11, 2008 · Buying
Many buyers are reluctant to step into the market to begin looking for a home in Colorado Springs and are waiting for prices to drop even more. Although house prices are a factor, don’t forget about interest rates.…
June 25, 2008 · Buying
Many sellers are offering creative incentives to buyers to make their home stand out from other houses for sale in Colorado Springs. Sellers are offering cruise tickets, televisions, closing costs, and even offering to…
June 6, 2008 · Buying
If you are going to purchase a home in the Colorado Springs area and are going to obtain a loan without making a 20% down payment, mortgage insurance will be part of your monthly mortgage payment. Read Also: Buying a…
May 7, 2008 · Buying
Many buyers ask what "Sold As-Is" means when looking to buy a home in Colorado Springs. Homes in Colorado Springs that are "Sold As-Is" means that the seller is not willing to make any changes or repairs to the home for…
May 7, 2008 · Buying
Many buyers forget to take notice of the lighting source during their home search because there are so many other factors to pay attention to! Also Read: Some important factors to consider when buying a home in Colorado…
