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Looking to purchase a new home? I thought I would share with you a limited time pilot program offered by Freddie Mac entitled "BorrowerSmart". Purchase clients with income at or under 80% of the area median Income (AMI) for the county they wish to purchase in receive a $1,250 credit and those under 50% of the AMI receive $2,500 credit off down payment & closing costs! For example, in the Denver-Metro counties 80% of the AMI is $83,840 and 50% of the AMI would be $52,400. Again the AMI is determined by the county where you wish to buy and the program is available for a primary residence only. This would help you to save even more of your hard earned money. It is subject to credit and property approval. On a first come, first served basis this pilot program is scheduled to end once Freddie Mac has 2,000 loans that are expected to close. Give us a call today at (303) 650-9400 to see if you qualify. 


Posted by Ken Morley on May 19th, 2022 11:10 AM

Many people now feel that the rising interest rates have made buying a home just that much more difficult. I suggest doing your research by getting a quote from at least three different companies and comparing each quote. Besides the rate the other factor you want to consider is the Annual Percentage Rate or APR. You should see both the rate and APR on any advertisement. The rate will be used to determine your monthly principle and interest payment. The APR amortizes the cost of your loan over the term selected. The further the spread between the rate and APR the higher your cost will be. The rate you see will on any advertisement will catch your attention (that's what it is designed to do) but the APR will give you an idea of how much it costs to obtain that rate. The APR calculation can vary a little from lender to lender so it's best to get a breakdown of the actual costs for each so you can make a good comparison.  A mortgage broker such as A Home's Best Mortgage has access to a number of different lenders, rates, and programs. These lenders compete for your business each day by offering better rates, more options, and innovative products. This gives you more purchasing power and/or saves you more of your hard earned money. Our focus is to give you our lowest rate with the least amount of costs. Put us up against any offer you have and I think you will be pleasantly surprised. Check us out by filling out our "Quick Quote" on our website or giving us a call at (303) 650-9400! There is no cost or obligation.

Posted by Ken Morley on May 3rd, 2022 1:28 PM

Conventional Loan Limits have increased to $625,000 and we are honoring these higher limits right now. The lower rates and easier qualification make this a better option than a Jumbo Loan. Please give us a call for the details at (303) 650-9400 today!

Posted by Ken Morley on October 25th, 2021 2:02 PM

Fannie Mae's Refi Now makes it easier for eligible homeowners earning at or below 80% of the area median income (AMI) to refinance into a lower rate and reduce their monthly mortgage payment. Your loan must be owned by Fannie Mae. Other restrictions apply but the major highlights include:

  • Requiring a reduction in the homeowner’s interest rate by a minimum of 50 basis points and a savings of at least $50 in the homeowner’s monthly mortgage payment.
  • Providing a $500 credit from Fannie Mae to the lender at the time the loan is purchased if an appraisal was obtained for the transaction. The lender must pass the credit to the homeowner.
  • A mortgage with a loan-to-value ratio up to 97%, a debt-to-income ratio of 65% or less, and a minimum 620 FICO score.

Are you able to "RefiNow"? We can help to see if you qualify. Simply give us a call at (303) 650-9400.

Posted by Ken Morley on July 20th, 2021 3:39 PM
At the time of writing this blog the rates are at or near historical lows so there are plenty of advertisements letting you know how low the rates are. Besides the rate the other factor you want to consider is the Annual Percentage Rate or APR. You should see both the rate and APR on any advertisement. The rate will be used to determine your monthly principle and interest payment. The APR amortizes the cost of your loan over the term selected. The further the spread between the rate and APR the higher your cost will be. The rate you see will catch your attention (that's what it is designed to do) but the APR will give you an idea of how much it costs to obtain that rate. The APR calculation can vary a little from lender to lender so it's best to get a breakdown of the costs for each so you can make a good comparison.  Our focus is to give you our lowest rate with the least amount of costs. Put us up against any offer you have and I think you will be pleasantly surprised. Check us out by filling out our "Quick Quote" or giving us a call at (303) 650-9400! 
Posted in:General
Posted by Ken Morley on April 11th, 2020 12:14 PM
Loan limits have been increased for 2020 and are available now. This means you could purchase a new primary residence for up to $525,700 in Colorado putting down as little as 3% with approved credit. Call for the details at (303) 650-9400.
Posted in:General
Posted by Ken Morley on November 27th, 2019 11:18 AM
Opportunity is knocking -- we have the lowest fixed rates in 3 years! These low rates give the new home buyer the opportunity to purchase more home for the same payment. If you already have a home the years of rising home values may give you the ability to drop or reduce your monthly mortgage insurance (PMI). Tap the equity in your home to consolidate debts, for home improvements, a new car, or even a well-deserved vacation. When you refinance you can get "cash out" for almost any reason. Let us give you some ideas on how to make your life easier! Take a moment now and give us a call at (303) 650-9400. 
Posted in:General
Posted by Ken Morley on September 4th, 2019 5:02 PM
One of the biggest obstacles to home ownership can be the down payment. Although we have programs requiring as little as 3% down on a primary residence even that amount can be difficult to obtain. This is where down payment assistance can help. Designed for the low to moderate income group purchasing a primary home, these programs can bridge that gap. They are available as a repayable second mortgage or even a forgivable second mortgage. If you'd like to learn more about our down payment assistance simply give us a call at (303) 650-9400. We are here to help make home ownership a reality!
Posted in:General
Posted by Ken Morley on June 4th, 2019 1:29 PM
If you're a homeowner then more than likely the value of your home has gone up. That's the gift. With the increased value there are opportunities to use this equity to your advantage. Maybe you would like to consolidate your debts giving you an overall lower rate and monthly payment. Maybe you'd like to increase the value even more with some home improvements. You can take money out for almost any reason provided it meets the lender requirements. You may be able to eliminate or even lower your monthly mortgage insurance. We'd be happy to work through the options with you. Simply give us a call at (303) 650-9400 today!
Posted in:General
Posted by Ken Morley on May 10th, 2019 4:46 PM
Did you know there are non-traditional mortgages available for those who may not be able to qualify for a standard fully documented loan? These mortgages carry a higher rate of interest due to the payment risks associated with them but offer alternative ways of documenting income. Income can be documented with bank statements, asset statements, profit & loss statements, etc. If you haven't been able to qualify through traditional means this may be just the answer for you. Give me a call at (303) 650-9400 to get more details. 
Posted in:General
Posted by Ken Morley on March 6th, 2019 3:48 PM

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