Posts By Rebekah Radice


Location


Colorado Springs, Colorado

Phone: 719.387.1368

Posts

How an FHA Loan Can Benefit YOU

On August 30, 2011, in Mortgage Programs, by Rebekah Radice

Purchasing your Colorado Springs home with an FHA home loan is a great way to finance a home with a low down payment, low interest rate and flexible lending guidelines. Due to the fact that FHA loans are insured by the Federal Housing Administration, anyone qualifying for an FHA loan is typically able to bypass [...]

FHA Loan Myths | FHA is Only for First Time Homebuyers

On June 5, 2011, in Tips And Advice, by Rebekah Radice

Even though first time homebuyers often utilize FHA financing, it’s important to know that the Federal Housing Administration is not exclusive to 1st time homebuyers.  In fact, FHA loans can be used again and again by buyers that meet FHA qualifying guidelines.  Whether you’re interested in purchasing a home or refinancing, an FHA mortgage might [...]

Getting Over the Down Payment Hurdle

On June 2, 2011, in Home Buying Process, by Rebekah Radice

One of the top questions asked by first time homebuyers is how much money they will need to come up with for the down payment on a home. The answer depends on several factors: Credit history Purchase price of the home Are you eligible for down payment assistance? Will you put at least 20% down? [...]

Top 3 Mistakes Made by FHA Homebuyers in Colorado Springs, CO

On May 30, 2011, in Home Buying Process, by Rebekah Radice

Whether you’re a first time homebuyer or you are making a move up, mistakes in the home buying process can be made.  Avoiding them can save you time, money and a lot of frustration. 1.  You Selected the Wrong Mortgage With so many loan programs to choose from, understanding which suits you best is imperative.  [...]

What is FHA Mortgage Insurance and Why Do I Need It?

On May 3, 2011, in Tips And Advice, by Rebekah Radice

FHA mortgage insurance allows prospective buyers to purchase a home with less than 20% down. Without mortgage insurance, lenders would not be willing to accept the risk of default thus forcing many buyers out of the market.

FHA Loan Limits in Colorado | How Much Home Can I Afford?

On April 26, 2011, in Tips And Advice, by Rebekah Radice

If you’re interested in purchasing a home and utilizing FHA financing, you might not be aware of the maximum loan limits assigned through the FHA for the Colorado area. The FHA loan limits are determined not only by state, but county as well.

FHA Down Payment Assistance Best Kept Secrets

On April 10, 2011, in Home Buying Process, by Rebekah Radice

Are you a First Time Homebuyer ready to purchase a home, but don’t believe you’ll ever have the ability to save for the down payment? Then I have good news for you! Rather than throwing your hard earned money away on rent forever, let’s take a look at the many alternative down payment sources that are acceptable to FHA.

What FHA Closing Costs Can the Seller Pay?

On April 4, 2011, in Mortgage Closing Costs, by Rebekah Radice

Seller contributions can make a big impact for a first time home buyer struggling to save the required 3.5% down payment let alone all other related fees. A seller who understands the benefit and has the ability to offer assistance could make the difference between purchasing a home now and continuing to rent.

Save Money with an FHA Refinance | Colorado Springs, Colorado

On March 27, 2011, in Refinance Process, by Rebekah Radice

There are many reasons why Colorado Springs homeowners should consider an FHA loan refinance. You may have entered into an adjustable rate mortgage and find yourself paying far more than you’re comfortable with. An FHA mortgage would allow you to refinance your ARM into a 30 year fixed rate FHA mortgage. Or possibly your credit is less than stellar. Whatever the reasons, it’s most likely you could save time and money researching the FHA home loan benefits.

Simple Steps to a Complete FHA Loan Application – Colorado Springs, Colorado

On March 13, 2011, in Mortgage Approval Process, by Rebekah Radice

The preliminary information given during pre-qualification and the subsequent documentation provided at application are extremely important to ensuring a smooth transaction. The more detailed and thorough you can be, the easier your FHA loan approval will be.