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Applying For A Loan

by The Colorado Springs Group™

This is just our professional opinion, but even before you apply for a loan you should be comfortable with the lender you are working with. It's easy to apply at many places, and most of the time you can fill out a quick application online.

We always recommend meeting with or at least speaking with a lender before deciding to use them. I'm going to use Wells Fargo as an example here because it really paints a clear picture for you and we've dealt with both scenarios. If you call the 1-800 number to apply for a loan, do you think you are going to be taken care of better or worse than if you go into a local branch and sit down face to face with a lender? If things get stressful, or deadlines are looming while your earnest money is at risk, is it easier to hold someone accountable by dialing 1-800 or walking into the local branch? 

On a final note, keep in mind that anything you put down for information in an application is going to be verified and scrutinized by underwriters. If you aren't sure about something, ask the lender what their thoughts are.

Mortgage Application

2010 May Sales Activity

by The Colorado Springs Group™

Broken down by area to give a better prospective on the results from May. Single Family & Patio Homes

Black Forest: 15 Sales for a total dollar volume of $5,863,950

Briargate: 58 Sales for a total dollar volume of $16,987,346

Central: 61 Sales for a total dollar volume of $11,081,501

East: 59 Sales for a total dollar volume of $10,486,747

Fountain Valley: 85 Sales for a total dollar volume of $14,359,306

Falcon - Peyton: 51 Sales for a total dollar volume of $11,221,666

Marksheffel: 8 Sales for a total dollar volume of $1,550,850

Northeast: 80 Sales for a total dollar volume of $17,744,090

Northwest: 36 Sales for a total dollar volume of $11,848,300

Northgate: 45 Sales for a total dollar volume of $16,599,796

Old Colorado City: 19 Sales for a total dollar volume of $3,234,187

Powers: 102 Sales for a total dollar volume of $20,709,053

Southeast: 65 Sales for a total dollar volume of $8,760,200

Southwest: 40 Sales for a total dollar volume of $13,187,685

Tri-Lakes: 40 Sales for a total dollar volume of $14,757,913

West: 29 Sales for a total dollar volume of $7,195,444

"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 5/1/2010 through 5/31/2010.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market."

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The Colorado Springs Group™
6665 Wild Indigo Drive
Colorado Springs CO 80923
(719) 799-3686

Kevin & Jessica
The Colorado Springs Group
6665 Wild Indigo Drive
Colorado Springs, CO 80923
(719) 799-3686