Guide to Mortgage Lock-Ins

When you’re looking for a mortgage, you’re likely to shop among lenders for the most favorable interest rate, and the lowest points and other up-front charges. When you find the most favorable terms and the lender that you want, you’ll apply to that lender. But when you get to settlement, will you actually receive the terms you applied or bargained… [Read More]

Your FICO Score

If you’re in the market to buy a home, you’ve no doubt heard that you need a good FICO score to qualify for a low interest rate on a loan. But what exactly is the FICO score, where does it come from, and how high does your score have to be to get the best… [Read More]

Loan Programs

At, you’ll find a variety of loans to choose from. There are several factors to consider when choosing a loan. Do you want the stability of a fixed rate, or are you willing to accept a little more risk in exchange for the lower initial rate of an adjustable mortgage? How long do you plan to stay… [Read More]

Nearly 500 homes headed for Marathon Oil site in Littleton

Two homebuilders that purchased land within the 77-acre Marathon Oil redevelopment site in Littleton are planning a combined 461 homes there. The site has been renamed Littleton Village and is situated at South Broadway at East Dry Creek Road. Littleton Village is zoned for retail and office uses as well, and is Littleton’s largest redevelopment… [Read More]

Why Do Mortgage Rates Change?

To understand why mortgage rates change we must first ask the more general question, “Why do interest rates change?” It is important to realize that there is not one interest rate, but many interest rates! Prime rate: The rate offered to a bank’s best customers. Treasury bill rates: Treasury bills are short-term debt instruments used by the U.S. Government… [Read More]

All About Points

Points, also known as Discount Points, are a source of confusion for many home loan borrowers. When shopping for a loan, your clients have many options with respect to paying points. A point is calculated as a percentage of the loan amount. For example, 1 point charged for a $100,000 loan would be $1000, and ½ point for… [Read More]