How to Select the Right Mortgage

The ads in the mortgage industry almost always focus on “we will give you the lowest rate.” The advice the government often gives is to shop for the lowest APR. While these approaches have merit, they typically overlook the issue of closing costs and how long it will take to recover the closing costs through […]

You’re Not Too Old to Buy a Home

Consider purchasing over renting Many people who are renting at full market rates think it may be too late to buy, or they think there is little advantage to buying over renting.  With both rents and purchase prices rising in the Denver area, we are seeing situations where it is better to buy than to rent. […]

Discouraged from Applying for a Loan?

 Have you been told you could not qualify? We sometimes have customers who’ve been told they could not afford to buy the home they wanted.  In one case, the person wanted to buy a home with 20% down and other lenders told them they “could not qualify”.  We restructured the transaction using some of the down […]

Cosigning on Loans

Cosigning on a loan can have a negative impact on your credit Sometimes lenders suggest that a cosigner would be helpful for a borrower to get a loan.  We generally do not recommend cosigning the loan because what cosigning the loan really means is that the cosigner is agreeing to make all the payments on […]

Reverse Mortgage for an Unmarried Couple

Recently, a lady came to us for a Reverse Mortgage and wanted to add her significant other.  They had been living together for more than 20 years.  The home has been in her name alone.  She wanted to add him to title and get a Reverse Mortgage so either could continue living in the property […]

Reverse Mortgage Success

When I talk about Reverse Mortgages, the common reaction is that people who would benefit from them don’t want one.  My response is that during my many years in the mortgage industry, no one has ever come to me wanting a mortgage. Goal Examples You want to live in a certain home, but don’t have […]