a Division of American Pacific Mortgage Corporation NMLS 1850
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The real estate market is heating up over the summer months.

Nationwide, the number of homes that went into contract in June exceeded expectations with a 2.8 percent increase in the number of pending sales, according to the National Association of Realtors. The annual jump in sales came in at 1.6 percent from June of last year. Meanwhile, while inventory had been on an upward trend for much of the year, it slowed in June, according to CNBC, and the prediction is that inventory will decrease as we move into the fall months. As a result, competition could increase.

Mortgage rates*, however, are below 4 percent (as of May) and a holding there, according to Freddie Mac.

With the potential for inventory to decrease and mortgage rates sitting at low levels, now could be a good time purchase in Fort Collins.

If you are planning on purchasing your first home and are somewhat confused about the home loan process, we put an emphasis on education, so you are in good hands! The loan process, generally speaking, plays out through these steps: Obtain a pre-approval, pick a loan program, submit a loan application, go through underwriting, have your loan approved and then close on the loan.

That process is pretty standard, what is not as standard across the mortgage industry are the specialty programs we have available. Our Keys On Time program can help deliver a preliminary approval and helps you close in 20 days or less. Our SecureLock program** allows you to lock in an interest rate prior to obtaining a purchase contract. These two programs combined helps you shop for a new home with confidence.

If you have questions about any of this, we would be happy to answer them. We will take the time to get to know your unique financial circumstance and help you to try to get pre-approved, and on your way toward purchasing a home.

*©2019 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply.

 **Certain conditions and fees may apply.