Jorgette Krsulic Office: (719) 227-7200 Toll Free: (877) 277-7250 Cell: (719) 499-1232 Fax: (719) 227-7202

Jorgette & Boris, REALTORS® 965 Pico Point Colorado Springs, CO 80906 jorgette@realtor.com www.ColoradoCasa.com

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Buying? Selling? Financing?    Financing Strategies    Shopping For A Lender    Selecting A Loan    Applying For A Mortgage    Processing    Closing    FAQs Relocating? Ask Your Own Question

Financing Strategies There are so many types of mortgage loans available today, how do I know which one is best for me? How can I figure out how much I can afford to pay for a new home? I’m concerned I might not have saved enough money for the down payment. What can I do? What is the difference between loan pre-approval and pre-qualification? Which is more beneficial? My credit rating isn’t so good. Is there any thing I can do? When is it a good idea to look for an assumption? Shopping For A Lender How should I go about looking for a mortgage broker? Are there any questions I should be sure to ask a potential lender? What do lenders look for in borrowers? Is it true VA loans are easier to get these days? Can you tell me about recent lending regulations that might help me find a lender? Selecting A Loan Can you tell me some things I should consider when shopping for a loan? What happens if we get near closing on my new house, but my old house hasn’t sold? I’ve found the house I want, but it needs a lot of repair. Can I borrow money for both the mortgage and the repair? What are some creative loan options I might want to consider? Applying For A Mortgage What practical steps can I take to improve my chances of getting a loan? Timing seems to be critical. Should I wait until interest rates drop? Will I have to get mortgage insurance? What, exactly, is escrow? What does it mean to be an "A," "B," "C," or "D" borrower? What can you tell me about the debt-to-income ratio lenders use to qualify borrowers? Processing Will I be able to find out the results of the appraisal? If the price we offer on a house is higher than the appraisal, can we get our deposit money back if the loan falls through? What is a two-step mortgage? How does a "no-cost loan" work? What do you advise in the event I’m turned down for a mortgage? How strict are lenders when it comes to credit standing? Closing How much money should I plan to take to settlement? Once set, are settlement dates irrevocable? What can I do to prepare for a smooth settlement? What are my responsibilities before settlement, and what are the seller’s responsibilities? What are the ways to hold title to a property? Why do lenders want a survey before settlement? FAQs Can you give me some help with understanding financing terms? Are FHA loans really assumable these days? When unmarried people buy a home together, what is the best way to hold title? What can you tell me about equity-sharing? Generally, how much down payment will I need?

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