RE/MAX Properties Inc
Todd & Lisa McLain, RE/MAX Properties IncPhone: (719) 290-6734
Email: [email protected]

Tag: Mortgage

Posted on 03/13/2023
How Your Credit Score Affects Your Interest Rate
One of the most important things to check once you decide to start the home buying process is your credit score. The three major credit bureaus keep track of how you pay for your credit and how much credit you have. Your score fluctuates, sometimes daily, depending on how much you owe and how many accounts you have....
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Posted on 07/07/2022
Pros and cons: Mortgage points
When buying a home, many homebuyers tend to search for the best mortgage interest rates available. While some may find that perfect rate, others may opt to take advantage of lender-provided options, such as mortgage points. Mortgage points are designed to help buyers bring down their interest rates by paying them ahead of time. Sometimes considered “discount points,”...
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Posted on 06/16/2022
Your quick guide to 30-year mortgage rates
Most homebuyers, even those just starting their first-time homeowner journey, have learned a thing or two about 30-year mortgages. For example, some 30-year mortgages will let you pay the mortgage down earlier than 30-years, while others may fix a prepayment penalty to that plan to make up the loss in revenue from the interest rate. But what about...
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Posted on 05/01/2022
15-year fixed mortgages: A quick guide
Prospective homebuyers and current homeowners know that a mortgage is likely to go hand-in-hand with your home, unless another arrangement has been made. However, there are many options available for those monthly mortgage payments, most commonly through 30-year fixed rate mortgages and 15-year fixed rate mortgages. Most know about the 30-year option, but what about the 15-year fixed...
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Posted on 04/21/2022
A Quick Guide to PMI
PMI, or private mortgage insurance, is a necessity most times. If your down payment is less than 20% of the purchase price of the home, then you’ll need to pay for this additional insurance in order to secure a loan for the home. This policy protects the lender if the borrower cannot pay the loan installments. This way,...
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