The Government has changed the way how you get your Colorado Springs Mortgage or Colorado Home loan.   On January 1, 2010, sweeping changes to the Real Estate Settlement Procedures Act (RESPA) were made for the first time in over 30 years.

The U.S. Department of Housing and Urban Development (HUD) revised their Settlement Cost Booklet:  Shopping for Your Home Loan.    Your Mortgage Colorado Springs Broker or Colorado Home Loan Lender is to give you  this 49 page booklet within 3 days of your application.  

Sometimes when the Government tries to help, they fall short.   Their well-meaning intentions often lack practical common sense due to not being in the real estate/mortgage industry.  In the below video, I recommend what I believe to be a much better way for you to purchase your next Colorado Springs home. 

The next Mortgage Colorado Springs Tip will address why you need to have your own Colorado Home Loan Personal shopper for your next Colorado Springs home loan or Colorado home loan.