Affordable Interest Mortgage

read moreAt Affordable Interest Mortgage, we treat each customer as an individual, not a number. We know that each customer has specific needs and desires so all of us at Affordable Interest Mortgage strive to meet those needs with a wide array of products and investment tools with licensed, bonded and experienced Loan Specialists. We use "common sense" and will help you obtain the best loan possible. We represent a wide range of "A+" rated lenders with first quality rates to alternative lenders that can help you finance a home with blemishes on your credit.

read moreWhether you're buying, selling, refinancing, or building your dream home, you have a lot riding on your loan specialist. Since market conditions and mortgage programs change frequently, you need to make sure you're dealing with a top professional who is able to give you quick and accurate financial advice. As an experienced loan officer I have the knowledge and expertise you need to explore the many financing options available. Ensuring that you make the right choice for you and your family is my ultimate goal.

read moreWhat is a Reverse Mortgage? How does it work? Do I lose my Home? Do I qualify? Is it right for me? These are some of the questions that we are asked? Reverse Mortgages have been out since 1987 and are usually insured/regulated by the Government. Their popularity has just now come to the forefront. An insured Reverse Mortgage is also known as a HECM (Home Equity Conversion Mortgage). The concept is to allow anyone over 62 years of age to be able to stay in their present residence, there are certain minimum credit and income requirements.

read moreThe Federal Housing Administration (FHA) insures the loan so your lender can offer you low down payments, low closing costs and less restrictive credit qualifying. In an FHA mortgage the customer must put at least 3.5% of the sales price into the transaction. Some of this money may be used for down payment and the rest for closing costs. Keep in mind, however, that the total cost to close on an FHA is commonly over the 3.5%. FHA allows the borrower to get the funds necessary to close from several sources.

read moreThere are many reasons to refinance your current loan, lower your rate, lower your payment, remove monthly mortgage insurance, shorten your term or Rehab refinance to do improvements to your home. Some of these loans are called Streamline Refinance and do not require an appraisal. Many times with the current market conditions in Colorado, refinancing can be done with no appraisal. MYTH: Most people believe that you must lower your rate by at least 1% to for it to benefit. This is not necessarily correct, example; If you have a balance on your current mortgage of $150,000, lowering your rate 1% will not always pay for itself within 24 months.