Colorado Springs Real Estate and Community News

July 12, 2021

10 Things You Need to Know Before Moving to Colorado Springs

Girl and Dog Looking at Mountains of Colorado Springs

Moving to a new place is really exciting, and we tend to get caught up in the process.  But before you kiss your loved ones goodbye, it's a good idea to do some research on the new location you've got your eye on.  If you're planning on moving to Colorado Springs, there are some things you need to know.  More

March 23, 2021

9185 Oto Circle 5 Acre Horse Property

9185 Oto Circle Colorado Springs, CO 80908

Custom Home on 5 Acre Horse Property

PRICE:  $799,900



GARAGE:  6 Car Plus 50 X 30 Ft Out Building with Drive Through Garage Doors





Drone View of 5 Acre Property



Feb. 26, 2021

Military Relocation Professional Certification

Bob DeYoung Earns NAR's Military Relocation Professional Certification for Colorado Springs

Military personnel and Veterans Benefit from professional expertise in military benefits, the relocation process and Support.

Military Relocation Certification for Colorado Springs

See More

July 16, 2020

12868 Casa De Campo Road

Woodmen Hills Home for Sale

Front View Single Family House

Beautiful Woodmen Hills Home for Sale

Exceptional attention to detail.  This incredible Sparkling & Spotless home is loaded with new updates & custom touches in desirable Woodmen Hills Subdivision.  As soon as you drive up to the home you will be impressed with the gorgeous curb appeal with lush professional landscaping.  Walking up to the home you will be in awe of the amazing architecture and design to include the custom accent stone & large, spacious, covered front porch. See More

Posted in New Listings
April 30, 2020

WOW! $20K Price Reduction 5365 Silver Spur Ave Colorado Springs CO 80915

WOW! $20K Price Reduction 5365 Silver Spur Ave Colorado Springs CO 80915

This spacious beauty boasts over 2,561 Total Square Feet on 0.28 Acre Lot.   With 4 Bedroom, 3.5 Bathrooms, and 4 Car Garage you don't want to miss this one.  If you enjoy the outdoors you'll appreciate the over sized lot with mature landscaping and an amazing deck to take in the plush landscaping of the back yard

For more info

April 15, 2020

Everything You Need to Know About Moving to Colorado Springs

With five military installation in Colorado Springs, CO, It's no surprise that the city is full of military families.  It's normal to see men and women in uniform picking the kids up from school, going on walks in the neighborhood, or relaxing in their yards at the end of the day.  SEE MORE 


Posted in Relocation
April 3, 2020

New Listing 5365 Silver Spur Ave, Colorado Springs, CO 80915

WOW! Price Reduced $20K for 5365 Silver Spur Ave, Colorado Springs, CO 80915  

This gorgeous home offers an abundance of living space on an over sized 1/4 acre lot, and 4 car garage.

Listing Details for 5365 Silver Spur Ave, Colorado Springs, CO 80915

MLS Number:  1727894

List Price:  New Price $404,900  was $424,900

Beds:  4

Bath: 4

Garage: 4 Car

Total S.F. 2,561

Lot:  12,300S.F. (0.28 Acre)



March 31, 2020

Dr David Price Pulmonary & Critical Care Physician

Dr David Price, is a Pulmonary & Critical Care Doctor in one of New York Cities premier hospitals.  He is on the front line and shares information on protecting your family from COVID 19.  Since knowledge is power and helps us to make better decisions I wanted to share this with everyone.  I found the information very interesting...


Posted in Coronavirus
March 30, 2020

818 Altamont Ridge Drive Colorado Springs CO 80921

818 Altamont Ridge Drive, Colorado Springs, CO 80921 (Near Northgate Entrance USAFA)

Please enjoy our video tour

New Listing 818 Altamont Ridge Drive Colorado Springs, CO 80921

Listing Details:

Home for sale near United States Air Force Academy

818 Altamont Ridge Drive Colorado Springs, CO 80921

Price:  $419,900

MLS Number:  9447530

Bedrooms:  3

BNathrooms:  2.5

Total Square Feet:  2,794    Total Finished Square Feet:  1,905

Lot Size: 6,600 S Ft  (0.15 Acre)

Call / Text Robert DeYoung (719) 359-7010, Harmony Real Estate Group to see if this property is still available and arrange a showing

Incredible opportunity to own a two story home convenient to the North Entrance of the United States Air Force Academy.  

REMARKS:  This 2-Story home offers comfort, convenience & modern finishes throughout.  Located in desirable Greyhawk subdivision with easy access to shopping, entertainment, USAFA, & I-25.  This beautiful home is near Grey Hawk Park, District 20 Schools, Shopping, Walking & Hiking trails.  Short 3 minute drive to Fox Run Park.

There is an amazing loft office area on upper level with built in bookshelves.  The laundry room is also on the main level.  This home is the "Spruce" floor plan designed by Richmond American Home Builders.

Posted in New Listings
Sept. 27, 2019

What Does LTV Mean When Buying a House?

LTV otherwise known as loan to value ratio, is one of the factors that many lenders use to determine the risk of a loan. It tells how much your borrowing compared to the value of the asset. The higher it is, the more risk the lenders taking on by letting you borrow money and this might translate into higher interest rates, fees, or costs for the loan itself.What Does LTV Mean When Buying a House?

LTV indicates what percentage of the purchase you are financing with an asset secured loan. It's how much protection the lender has on the value of the property. Lenders will use this loan to value ratio to determine the risk of a loan, however, it is not the only factor. A high LTV signifies more risk because if the borrower defaults on the loan, the lender may not get enough money by repossessing and reselling the asset to cover the remaining loan amount. The condition of the property, credit score, and credit history also play a huge factor in the lender's risk upon allowing you to borrow money. [Source]

How to determine the loan to value ratio:

To calculate the loan to value ratio, divide the loan about by the value of the asset. For instance, if the home is priced at $350,000 and a borrower puts down $300,000, the loan to value ratio is 85.71%. This may or may not be enough depending on the type of loan you choose. FHA, conventional or traditional loans, and VA may have different requirements for the loan to value ratio percentage. Most conventional loans need that loan to value ratio lower than 80%. The more a borrower puts down, the less risky they become. Borrowers also will receive a lower interest rate the more money they put down.

This can be a difficult thing to accomplish for first-time homebuyers. There are a lot of options for coming up with the down payment for first-time borrowers but for those who are repeat buyers, chances are they should have enough in the equity of their first home to put a substantial down payment on their next. If you have good credit and good credit history, this can mitigate some of the risks a lender takes on with a high loan-to-value ratio loan.

Related: 5 Ways to Get Free or Easy Money for a Down Payment

So how does it affect loan terms?

The loan-to-value ratio will have the greatest impact on your mortgage. If your LTV is higher than 80% you may be required to pay additional private mortgage insurance, which can cost between .3% and 1.5% of the total loan. That could be an extra $50 or $300 added to your monthly mortgage payment. This private mortgage insurance will stay on until the property reaches a loan to value ratio lower than 80% or in some cases, 78% come or you can refinance and request to be removed in the future.

If you owe more on your home than it is currently worth that means your loans LTV exceeds 100%, also called negative equity. It can be extremely tough to sell a home unless you have enough cash to pay the difference. In this case, short sales are usually a better option.

For more information on LTV and to find out if the home you are looking at is within the right LTV for your situation give us a call.

Posted in Buying a Home