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Home equity loans for the self-employed can be a bit more challenging to secure than for those with traditional employment due to the variability in income. The traditional method of using tax returns may not work for you so we have an alternative of using 12 to 24 months bank statements. By focusing on lenders that accommodate self-employed borrowers and leveraging your bank statements to demonstrate income, you can access your home’s equity while preserving your favorable first mortgage rate. If you would like to explore the opportunity simply give us a call at 303-650-9400 or click on contact us.  

Posted by Ken Morley on July 1st, 2024 3:02 PM

Statistics show a person waiting to take Social Security benefits until they are 70 years old versus 62 will have an increase in benefits of approximately 75%. If you would like to wait for the maximized benefit then a Reverse Mortgage could be the answer. With a reverse, seniors 62 and older can turn the equity in their homes into cash and/or a line of credit while they wait to access their Social Security benefits. Want to learn more? Give us a call at (303) 650-9400 to explore your options.

Posted by Ken Morley on June 19th, 2024 3:18 PM

In today's fast-paced world, managing multiple debts can feel overwhelming. Credit card balances, personal loans, car payments – the list can be daunting. If you're feeling the financial strain, a Home Equity Loan might be the solution to consolidate your debts into a single, more manageable payment. Advantages of using a Home Equity Loan for debt consolidation include lower interest rates, a single monthly payment, fixed interest rate, and potential tax benefits. For personalized advice, consider giving me a call at (303) 650-9400 to discuss your situation or applying on-line at  Remember, the goal is not just to manage debt but to eliminate it and secure a brighter financial future.

Posted by Ken Morley on June 6th, 2024 1:57 PM

At the time of writing this blog the rates are hovering near a 20-year high meaning that it is even more important now to shop around for your mortgage. A rate of .125% higher  can amount to thousands more paid in interest over the life of the loan. I see plenty of advertisements out there with eye-popping rate but 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 in relationship to your loan. 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 lender 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 at what we have to offer. Check us out by filling out our no-cost, no-obligation, "Quick Quote" or giving us a call at (303) 650-9400! 

Posted by Ken Morley on May 21st, 2024 5:21 PM

With home loans the middle credit score of the 3 major credit bureaus is "King". This number has been referred to as "FICO" score, middle score, or simply your credit score. It will help determine the programs available, the interest rate you pay, and even the amount of monthly mortgage insurance you pay on a conventional loan if purchasing a home with less than 20% down. As you probably already know the higher your score the more favorable terms you'll be offered. With a higher credit score  the savings can amount to thousands of dollars over the life of your loan. Can you improve your credit score? Yes you can in most cases, by utilizing our FREE Credit Upgrade Program for home loans! By adhering to the recommended strategies (rather than waiting 3 months or longer for your "FICO" to improve) we have seen results in as little as 3 business days but each persons situation is different so the time to completion and results may vary. We have had great success thus far so I would encourage anyone with a middle credit  score below 740 to inquire as the savings may be substantial when buying a home. Simply give us a call at (303) 650-9400 to learn more or click HERE to start our on-line application! This is a limited time offer and could end at anytime.

Posted by Ken Morley on May 9th, 2024 1:47 PM

High priced homes have been a major barrier to homeownership but Manufactured Housing could provide you with a gateway to home ownership. Manufactured Housing is a more affordable option with prices that are one-third to even two-thirds lower than a traditional home. Updated financing now almost mirrors those that are available with a standard home including refinancing options. If you are a renter this could give you a chance to control your monthly housing expense (rather than your landlord) and have a property that is normally appreciating in value. For a limited time we have a program where you put three (3) percent down of the purchase price and receive a grant (not repayable) for an additional two (2) percent of the purchase price resulting in a full five (5) percent down. Limitations do apply. If you would like to learn more simply give us a call at (303) 650-9400! 

Posted by Ken Morley on April 22nd, 2024 2:20 PM

A tremendous amount of Seniors (62 or older) have an enormous amount of equity tied up in their home with no way to access it through traditional loans. This is where a Reverse Mortgage can be a great retirement planning tool. With a very simple qualification process they can now have access to some of that equity immediately and a line of credit which increases over time. This equity can now be put to use to pay off any mortgages on their property with the remainder for debt consolidation, home improvements, dream vacation, etc. This eliminates monthly mortgage payments and can even be used to supplement the income they are currently receiving. A Reverse Mortgage can even be used to purchase a new home to right size, accommodate special circumstances, or move to a preferred location. They can enjoy having no monthly mortgage payment, increase their purchasing power, and even save some of the money received from the sale of their former home. To learn more and/or to see if you qualify give us a call at (303) 650-9400 today!

Posted by Ken Morley on April 5th, 2024 10:35 AM

If you are looking for a new home with a price of $360,800 or less we invite you to check out our "1+  Purchase Program". This means you provide the 1% down payment and receive a grant of 2% resulting in a full 3% down payment. This must be a primary residence and your income must be 80% or less of the Area Median Income. For an area in and around Denver this would be $100,400 or less per year. Limited time offer. To see if you qualify give us a call at (303) 650-9400! What a great way to start on the road to homeownership.

Posted by Ken Morley on March 15th, 2024 12:09 PM

So you are ready to buy your first home but just don't have enough for a down payment? (FYI: The required down payment can be as little at 3% of the purchase price). We have some great options to help with Down Payment Assistance and now have a lender who has removed the income limits which prevented some from taking advantage of this benefit. To see if you qualify for Down Payment Assistance simply give us a call at 303-650-9400. Who knows you may be able to buy sooner than later!  

Posted by Ken Morley on March 5th, 2024 4:12 PM

This is that time of year when the bills come due from the holidays and for some it might be hard just to make the minimum payments. If you are a homeowner and experienced the record amount of appreciation we have had over the last few years, a debt consolidation loan may be just the answer. A debt consolidation loan gives you the opportunity to restructure the debt you've already created into a lower interest rate (in most cases) with a more manageable monthly payment. The savings can be substantial if you have one of those credit cards approaching a 30% interest rate with a high balance. Let us do the work for you and see if you could save $500 to $1000 or more per month. There is no up front cost or obligation and it could make a big change in your life. Get started today with a simple call to (303) 650-9400 or click on the "Quick Quote" button above. 

Posted by Ken Morley on January 23rd, 2024 1:50 PM



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