Lender’s Corner: VA-backed Mortgages An Appealing Option For Service Members And Veterans

Blog, Mortgage & Finance

You’ve sacrificed for your country. Now it’s the country’s turn to reward that commitment — and one of those rewards just may be a Veteran’s Administration mortgage. A VA-backed mortgage offers highly competitive interest rates and other perks that regular loans...

Change In Flood Maps May Result In Insurance Hikes

Blog, Home & Lifestyle, Mortgage & Finance

Recent flooding in the state has made all Coloradans more aware of the risks of living in or near flood plains. Not only do homeowners worry about destruction due to floods, but also the cost of insurance that might mitigate those losses. Those costs are currently in...

Lender’s Corner: Lock In Today’s Interest Rate While Shopping For Home

Blog, Mortgage & Finance

Did you know that an interest rate increase of just 0.25% can result in a $12,000 loss of home purchasing power and increased payments? In today’s uncertain interest rate environment, Megastar’s Lock & Shop allows you to lock in today’s low rate...

Some Good News About Rising Mortgage Interest Rates

Blog, Mortgage & Finance

As predicted for some time, mortgage rates are on the rise. The average rate on a 30-year fixed-rate mortgage was up nearly 1 percentage point this April over April 2013, landing at around 4.5%. Experts are estimating that that rate will reach 5 or 5.5% by the end of...

Tax Deductions For Job Relocation

Blog, Mortgage & Finance

The 2013 tax year has ended, but now is no time to forget about tax issues. This is the perfect month to start thinking ahead for next year, particularly if you’re planning a move. Provided that the move is job related, your expenses can be deducted for the 2014 tax...

FHA Help for Homebuyers Stung by the Recession

Blog, Mortgage & Finance

This month, we feature our continuing series in which we answer common questions regarding the loan process. Today’s question: I had financial troubles during the Great Recession that affected my credit rating. Will I be able to obtain a home loan?   A. The Great...