Mortgage Information

Found 3 blog entries about Mortgage Information.

Should you choose a bank or broker for your mortgage?

So you've found your dream home and you want to start the mortgage process to make things official. There are two options for buyers when it comes time to secure their local mortgage lender: either go with a mortgage broker or get a loan from a bank. Many homeowners will tell you exactly what they think the right choice is and while their opinions may be valid, they are often biased by their own past experiences. To find out which option is best for your personal needs, continue reading as we look at what it's like to work with a mortgage broker versus bank:

What is a Mortgage Lender?

A mortgage lender refers to a bank or other financial institution that specializes in mortgage products. Banks employ loan officers who work off a

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How to Apply For A VA LoansThe VA loan is the most incredible loan program available in the market today.  With a VA loan, veterans can purchase a home with no money down! That means you can buy a home and finance 100% of the purchase price, up to $417,000, in El Paso county.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

VA Mortgage Guidelines & Requirements

What is even more incredible is that active duty service members are eligible for VA financing after just 90 days of service! Specifically, you are eligible for a VA loan when you meet ONE of the following criteria:

  • You have served 90 consecutive days during wartime.
  • You have served 181 days during peacetime.
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Tax Tips for veterans and first-time homebuyers

Buying a home is an exciting time in many people’s lives. It’s the point in your life when you stop paying rent and start building equity with a mortgage. While there are many practical benefits to owning a home, something many people don’t discuss is the tax breaks.

As tax season is upon us, let’s take a look at some of the unique tax breaks that homeowners are able to take advantage of:

Mortgage Interest

For many first-time home buyers, one of the most pleasant surprises come tax season is the knowledge that your mortgage interest is tax-deductible. At the start of January, you should have received a notice from your lender letting you know how much mortgage interest you paid throughout the year. Homeowners are allowed deduct the tax from

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