What’s New in the Mortgage Industry?

All new mortgage loan applications have a couple new loan documents for homebuyers that will be simpler and easier to understand. Here’s what changes you will see as you apply for a new mortgage loan: The new Loan Estimate will replace the Good Faith Estimate and Truth in Lending statement that was used in the…

Holiday Farolito Festivals

Santa Fe’s Farolito Walk on Canyon Road (December 24th) One of Santa Fe’s most beloved holiday traditions, the Canyon Road Farolito Walk, lights up the hearts and souls of thousands who promenade this famous path on Christmas Eve. Small, sand-filled, paper bags illuminated with votive candles line the historic neighborhood streets and adobe walls. Carolers…

Jumbo Loans

Dream homes come in all sizes. “Jumbo” loan programs are for homebuyers that need a larger loan. Sometimes they are referred to as non-conforming because they exceed the standard conforming loan limits set by Fannie Mae and Freddie Mac. Jumbo investors offer either fixed rate and adjustable rate options for a variety of loan terms.…