Denver Mortgage Loans

As it turns out, living in the Mile-High City isn’t as hard as it may seem. With the right lender, closing on the home you’ve always wanted is a breeze.

With literally hundreds of mortgage lenders in the Denver area, finding the right lender for you can be a challenge. The first thing to consider is your situation and the type of lender you require. Are you a subprime borrower? Are you in need of a jumbo loan? Are you interested in an FHA-assisted loan? Loan specialties can vary from business to business, so be sure to shop around. When shopping around, keep in mind that larger lending groups can provide wholesale solutions, which means a lower rate for you.

Some popular mortgage lenders in Denver are Blue Sky Mortgage and Summit Mortgage. The first of these three, Blue Sky, is a noted entity in the Colorado mortgage market. Consider that they have roughly $3 billion in closed loans and continue to provide Denver with a personalized, compassionate financing experience. Started in 1974, Blue Sky Mortgage believes in creating life-long relationships with their customers. They don’t see you as a liability, but rather as a valued friend.

Blue Sky Mortgage is certified by the CMPS Institute as a Certified Mortgage Planning Specialist. On their homepage, they offer daily updates about the mortgage market and articles on everything from fixed vs. ARM to closing costs. Blue Sky Mortgage offers traditional loans, as well as unique mortgages such as balloon loans and others. To help choose the right financing, Blue Sky has a wide array of tools and case studies to analyze your situation and potential strategies, such as mortgage calculators and savings charts.

Summit Mortgage is a lender that was founded over 15 years ago, but has an experienced Colorado team with over 20 years of experience. To demonstrate this experience, Summit Mortgage has closed over five billion dollars in home loans. Whether you are looking to purchase a new home or want to refinance, Summit Mortgage is a fantastic solution. Summit Mortgage offers many financing options, including VA, conventional, FHA, and specialty loans. Much like Blue Sky Mortgage, Summit has a tremendously helpful article selection that covers topics including credit score improvement, the home-buying process, and mortgage information.

What makes Summit Mortgage Colorado different? Summit Mortgage performs above other lenders in the service you’ll receive. At Summit Mortgage, they won’t lie by promising the lowest possible rates and charge you with extra fees; instead, they’ll provide you with the guidance and personal attention to get the best value from your situation.

Looking to buy a home in Denver, Colorado, but unsure of which lender to trust? Perhaps the best solution for you is a mortgage broker. There is a wide selection of mortgage brokers in the Denver, Colorado area, but a great example of the services offered can be found in Uptown Mortgage, LLC.

Uptown Mortgage, LLC is a Colorado owned and operated company that operates as a group of independent mortgage brokers. Uptown Mortgage works with 50+ lenders in order to provide you with the best selection of plans and the best deal for you. Uptown Mortgage specializes in a personalized experience: once you enter the front door, you are a valued lifetime customer. Each borrower is paired up with one loan officer for the duration of their transactions with Uptown Mortgage, allowing for more than optimal financing, but a long-term friendship.

Uptown Mortgage has brokers experienced in conventional loans, but due to their large network with a variety of lenders, they are able to customize loans to fit any situation. Whether it be bad credit, bankruptcy, jumbo loans, investment properties, self-employed, etc. there are plans to help you.

Whether or not you decide to choose Uptown Mortgage as your broker, the crucial step before getting involved with any broker is the interview. The right interview does not only give you a better picture of the broker as a person, but gathers information about their terms and experiences within the mortgage industry. The first steps in a mortgage broker interview are always the interest rate and home loan plan. A sign of a thorough broker is one who assesses your situation before making any judgment regarding the right plan for you. Also, a reputable broker will be more than happy to discuss the different types of mortgages (ARM, fixed, interest-only, etc.) as well as their benefits and drawbacks.

The second sign of a good broker is their discussion of the interest rates and your intent to buy. The broker should make a reasonable assessment of the annual percentage rate, considering your situation and likelihood to complete an early payoff. The third point that is integral in a broker interview is the total cost associated with the financing. All of the fees that go into a mortgage cover expenses like the credit score analysis, underwriting, appraisal, etc. When dealing with a broker, they may incorporate some of their own fees, or require extra points during the financing process.

All in all, besides these three main points, remember to account for personal feelings about the broker. Does it seem to be too good to be true? Are you getting a bad feeling from the individual? Don’t hesitate to step back and consider a different plan; after all, buying a home is quite possibly the largest financial choice you’ll make.