Apple Street Mortgage

read moreLoan Application FAQ Interest-only Mortgages Prequal vs Preapproval What's in a Credit Score? Apple Street Mortgage is located in Louisville, CO just east of Boulder. We provide home loans for both new purchases and refinances all over the state of Colorado where owner Norm Sydow has lived with his wife and two sons since 1994. Norm has a Bachelor's degree from Denison University in Granville, Ohio and a Master's degree from Penn State University. He is known for his almost painful attention to detail and doing whatever it takes to "get it right".

read moreLoan Application FAQ Interest-only Mortgages Prequal vs Preapproval What's in a Credit Score? In other words, a refinance transaction in which the borrower receives additional cash that can be used for any purpose. Closing costs normally include an origination fee, a closing fee, and charges for obtaining title insurance and an appraisal. Closing costs will vary according to the loan. We differentiate between the terms "closing costs" (the fees associated with a loan) and "prepaids" (the prepaid interest and escrow taxes and insurance required at closing).

read moreLoan Application FAQ Interest-only Mortgages Prequal vs Preapproval What's in a Credit Score? Many home buyers today opt to use funds from their employer's 401(K) program to come up with the down payment on a house. Ordinarily, you can't take money from your 401(K) plan unless you retire, leave the company or become disabled, but many company plans permit certain "hardship withdrawals" when there is an immediate and heavy financial need, including the purchase of the employee's principal residence.

read moreLoan Application FAQ Interest-only Mortgages Prequal vs Preapproval What's in a Credit Score? These terms are often used interchangeably but they usually mean quite different things which are important to know - especially when you are shopping for a new property. A "prequalification" is usually a quick over-the-phone calculation performed by your lender that prequalifies you for a loan. It is simply an opinion based on preliminary estimates. A prequalification letter which we can provide to you is helpful in shopping for a new property, but a "preapproval" letter is better.

read moreLoan Application FAQ Interest-only Mortgages Prequal vs Preapproval What's in a Credit Score? Credit remediation is a subject consumers often face with fear and trepidation, and for good reason. With the exception of recognizing that the best score wins, the average home shopper knows very little about the whole credit scoring process. Sub-prime borrowers who are eager to move into A-Paper territory often find themselves at a loss when trying to find ways to upgrade their credit history. The good news is there are ways to improve less-than-perfect credit scores and obtain a loan for the home you really want.

read moreLoan Application FAQ Interest-only Mortgages Prequal vs Preapproval What's in a Credit Score? The New Year is upon us and, along with your renewed resolve to exercise more, eat right, and throw out old magazines, it's time to check up on your home mortgage - or lay the groundwork for getting a new one. Here are a few simple steps to take to ensure that your mortgage and credit are as healthy as they can be. New Year's resolutions often fall by the wayside by February, but some attention paid to these important financial matters now may result in benefits that you can reap over and over!

read moreLoan Application FAQ Interest-only Mortgages Prequal vs Preapproval What's in a Credit Score? A mortgage broker is a "middleman" between you the borrower, and the lender who actually provides the funds for the loan. A broker may use many different wholesale lenders, and therefore has access to numerous different types of loan programs and rates for the borrower. A broker gets daily wholesale rates from multiple lenders and can then pass these rates on to the borrower. Contrast this to a bank and other big lenders who charge retail rates to cover overhead and make extra profit.

read moreLoan Application FAQ Interest-only Mortgages Prequal vs Preapproval What's in a Credit Score? Keep in mind the actual lender will pull their own credit report at closing, and if your credit scores have dropped, you may no longer qualify for the rate that was underwritten and the final approval may come back with a higher rate. Unfortunately, all lenders qualify you by your credit score as to which criteria you fit and every loan has different criteria attached. The loan to value, the debt to ratio and so on etc.