My New Blog

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! 
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Posted by Kenneth E 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.
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Posted by Kenneth E 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. 
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Posted by Kenneth E 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!
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Posted by Kenneth E 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!
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Posted by Kenneth E 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. 
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Posted by Kenneth E Morley on March 6th, 2019 3:48 PM
The holidays are over and now comes the bills from all the celebration. A debt consolidation loan may be just the answer? On a primary residence conventional loan you can take out up to 80% of the value of your home in a cash-out refinance in most cases. The lower interest rate, lower payment, and only having one bill to worry about can help with the monthly budget as well. We offer a FREE debt consolidation evaluation. Give us a call today at (303) 650-9400 and start relieving your stress tomorrow!
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Posted by Kenneth E Morley on January 31st, 2019 3:06 PM
Good News---2019 brings us higher loan limits! I know I sent a blog on this back in December but it is exciting news so I wanted to pass this along again. Most notably, the conventional conforming loan limit for a single-family, primary residence in the Denver-Metro area has increased to $484,350.00. With this change you can now work with a purchase price up to $$499,329 and have the option of just putting down 3% of the purchase price using a conventional loan. The loan limits have also increased for FHA/Government loans. Please give me a call at (303) 650-9400 for further details! Rates have been falling over the last few weeks so this will help even more. Together we can make 2019 the year for you to buy a new home! Please keep following my blog and Best Wishes to everyone in 2019!  
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Posted by Kenneth E Morley on January 2nd, 2019 11:54 AM
Good News---Conforming loan limits have increased for 2019! In the Denver Metro area the limit has increased from $453,100 to $484,350 for a primary single family residence.This opens up numerous programs, such as 3% down, gift funds for down payment, non-occupying co-applicants, etc. up to this new loan amount. Provided you qualify, for example you can now purchase a home for $499,300 with just 3% down where as before you were limited to $467,100. This could also open up opportunities for refinancing if you used the combination of a first and second mortgage to purchase your home in the last few years. Being as we are so close to the new year most of our lenders are already allowing the higher loan amounts. Please give us a call at (303) 650-9400 for further details.
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Posted by Kenneth E Morley on December 10th, 2018 9:40 AM
I've always encouraged people to get at least three different lender quotes before making a decision. I thought it might be helpful to do a comparison between a loan for $250,000 for 30 years with a rate of 4.875% and then the same loan at 5.000%. I'm sure you know the payments will go up $19.03 per month which might not seem to bad but if you look over the life of the loan that equates to $6,850.80 in additional interest---WOW! So do your research and let us give you a quote by calling (303) 650-9400. In the future you'll be glad you did!
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Posted by Kenneth E Morley on November 2nd, 2018 2:52 PM