Mortgage

Updated mortgage loan limits for 2017

Every year, different housing agencies review and update national loan limits for mortgages. This is important since home prices fluctuate over time. It seems necessary for loan limits to adapt to those changes. Here’s an update on mortgage loan limits for 2017....

Low down payment programs

BOULDER – You’re in the market for a new home, but you don’t have tens of thousands of dollars saved for a down payment. Sound familiar? It’s a common situation for many Americans. Fortunately, Here, we’ll explain two popular programs: Fannie Mae’s 3% down payment...

Important mortgage terms

LOVELAND – Real estate terminology can be confusing, especially when it comes to mortgages. Many terms aren’t quite clear and some are simply misunderstood. Here are a few important mortgage terms that you should know if you plan on purchasing a home. Appraised value...

How to spot wire transfer fraud

BOULDER– Congratulations! You’re in the final stages of purchasing a home! After you’ve made it through rounds of negotiations and paperwork, your Realtor or lender gives you a stack of papers known as the title commitment, which is essentially the title company’s...

Down payment basics

BOULDER – If you’re a first-time homebuyer along the Front Range of Colorado, it’s important to understand your down payment options. A down payment is a lump sum paid upfront that reduces the amount of money borrowed. Its purpose is to demonstrate personal...

Begin your path to home ownership with The Bermejo Team

FORT COLLINS - Financing a new home can seem like an impersonal business transaction. It’s all about the rates, credit scores and paperwork, right? But when you work with The Bermejo Team at Cornerstone Home Lending Inc., the discussion is about your personal goals...

How trended credit may affect mortgage approvals

LOVELAND – A new concept is being introduced to the way credit history is evaluated. It’s called trended credit. If you’re looking to buy a home in the future, trended credit could help with your mortgage approval. Here’s what you need to know. Credit considerations...

Cash out for investors up to six properties

Cash out for investors up to six properties

BOULDER – In the latter part of 2015, Freddie Mac made some significant changes to the way they handle financing for investors. Because these changes were made relatively quietly, many investors are not currently aware that they may have just been given room for...

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Karen Bernardi, Bernardi Real Estate Group Mary Romano

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