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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
There's a trick to reduce the repayment period of your mortgage and save thousands of dollars in interest: Make additional payments that are applied toward your loan principal. You can pay extra on principal in many different ways. Paying one additional full payment once every year is perhaps the easiest to arrange. If you can't pay an additional whole payment in one month, you can split that large amount into 12 smaller payments and pay that additional amount monthly. Another option is to pay a half payment every two weeks. The effect here is that you make one extra monthly payment in a year. Each option produces different results, but each will significantly shorten the length of your mortgage and lower your total interest paid. If you'd like to have more specifics about how this will affect your home loan simply give me a call at (303) 650-9400 or email me at

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Posted by Kenneth E Morley on September 12th, 2018 3:52 PM
If you are searching for a new home get the loan before the home! Check into your loan options first. This way you'll have a good idea of what price range to search in and what your monthly payment will be. You'll be disappointed if you fall in love with a home only to find out that you, unfortunately can't afford it. Your realtor and the seller will appreciate this as well because they know that you have done your homework when it comes to financing. This also increases your chances of your offer being accepted. I would be happy to help you get prequalified with no cost or obligation. It only takes a few hours. Simply give me a call at (303) 650-9400 or click the "Apply Now" button on our website. 
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Posted by Kenneth E Morley on August 11th, 2018 12:12 PM

You don't need a large down payment to buy a home. Here are some examples of primary residence purchase programs with low to no down payment required: 

  1. HomeReady by Fannie Mae and Home Possible by Freddie Mac only require 3% of the purchase price as a down payment and will accept a middle credit score as low as 680.
  2. FHA Mortgages require 3.5% of the purchase price as a down payment and will accept a middle credit score of 580. These loans have more liberal credit requirements and allow for a higher debt to income ratio.
  3. USDA Loans offered by the US Department of Agriculture has no down payment requirement although the property must be classified in a rural area per the USDA eligibility map. Most require a middle credit score of 640 or above.
  4. VA loans require no down payment but are offered only to veterans and active duty military personnel. Most members of the military, including reservists as well as spouses of personnel who died while on active duty are eligible for this program. There is no down payment required and no set middle credit score requirement. Each is looked at on a case by case basis. 

There are additional guidelines/requirements that must be followed for each program above. The idea here is to let you know that a large down payment is not necessarily needed to purchase a primary residence so spread the word. If you’d like to explore your options simply give me a call at (303) 650-9400 or send an email to There is no cost or obligation.

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Posted by Kenneth E Morley on July 21st, 2018 10:21 AM
A recent study by Freddie Mac found that 80% of borrowers who got another mortgage quote saved between $966 to $2086 over the life of the loan. Those who obtained five quotes resulted in savings between $2089 and $3094. So yes shopping for a mortgage is worth it! I wanted to share this with you as I think you will find what we have to offer to be one of, if not  the most competitive quotes you'll receive. Give us a call today for a FREE quote at (303) 650-9400.
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Posted by Kenneth E Morley on June 9th, 2018 11:25 AM
In today's very competitive purchase market you need to give your offer the best chance of being accepted. Rather than pre-qualify take the next step of getting pre-approved. A pre-approval means that an underwriter has reviewed your application, credit, income, assets, etc. and now your approval is based on an acceptable property within the price range that you have been approved for. Our pre-approval process is FREE so it makes sense to take the next best step of getting pre-approved. To get started give us a call at (303) 650-9400 or apply on-line at You have nothing to lose but you may just gain a new home! 
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Posted by Kenneth E Morley on April 11th, 2018 7:56 PM
Its come to that time of the year when all the holiday bills start to pile up. It may be time to consider a new mortgage loan to consolidate those bills into a lower interest rate and a more manageable monthly payment. The equity you've gained may be just the answer to getting your monthly budget back on track. Give us a call at (303) 650-9400 to explore your options! There is no cost or obligation. 
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Posted by Kenneth E Morley on February 15th, 2018 12:25 PM
With the new year upon us now would be a good time to review your debts and see how much money you could save by consolidating them into a new first mortgage. There can be many advantages including a lower monthly payment, lower interest rate, and possibly a higher mortgage interest tax deduction. Please consult your accountant or CPA to confirm your ability to take a tax deduction. If you would like to explore your options simply give us a call at (303) 650-9400. It's a free consultation that could save you hundreds to thousands of dollars!
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Posted by Kenneth E Morley on December 26th, 2017 12:11 PM