The Mortgage Network is a privately held Colorado Corporation formed in 1985, with the mission of providing superior lending services to the home-buying public and their Realtors. For over 30 years, The Mortgage Network has earned the distinction of providing Superior Service at a fair price. As an FHA and VA approved lender, we are able to offer our clients a full range of federally insured or guaranteed loans as well as those offered to the marketplace by FNMA and FHLMC. Our long-standing relationships with some of the nations most trusted wholesalers ensure that our clients obtain the right loan for their circumstance at the right price. We consider ourselves fortunate to also work with a number of private money sources that allow us to work with borrowers who may have more difficult loans to place.
Don't lock yourself into a 30-year or 15-year timeframe if 22 is your sweet spot. We offer Flex Term refinancing that allows YOU to match the timeframe for your loan to your life plan or your budget. Reach out to learn more!
We are here to answer any questions.
freddiemac.com The outlook for a favorable resolution to the trade dispute between the U.S.
Wondering about rates, refinances or purchases during this uncertain time? We are here to help.
Let's talk about your options.
We are getting a lot of refinancing questions. I hope this article helps. Call me to talk through your options.
“If you can shave one-half to three-quarters of a percentage point off your mortgage rate by refinancing, you should look into it,” says Greg McBride, CFA, chief financial analyst for Bankrate. “Just be sure the cumulative savings on monthly payments is enough to offset the costs of refinancing. If you’re planning on moving in the next year or two, it might not.”
bankrate.com Even with rates this low, not all borrowers benefit from a refi. Here’s how you can know for sure.
We are closing two refinances this week. One with an appraisal waiver. Connect with us to talk about your options.
The City of Denver renewed and approved this down payment assistance program. You are able to use it in most of the metro area. Call me if you want to talk about your options. You do not need 20% down to buy a home. There are options.
chaconline.org CHAC Lender Training held second Wednesday of every month. Cost: Free Time: 9am-11am Location: 670 Santa Fe Drive, Denver. CO 80204. You must reserve a spot. Call 303-572-9445 x 10 or email [email protected]
Let's talk about your mortgage options.
Talk to me about what we are working on to help you improve your credit!
Talk to me about what we are working on to help you improve your credit!
Let me take you for a doughnut and tell you how!
Read about ways to improve your credit.
This is an interesting quiz. It does not require you to sign in.
"How much do you really know about your credit score? How much is myth vs. fact? Take this 12-question quiz. It won’t take long—but the knowledge can go a long way toward improving your score."
Mortgage Banker University
👉🏻👉🏻Don't allow yourself or your business to stagnate, embrace positive change! 🎯
Here's a listing from one of my Realtor partners. Click to see sample mortgage products. Ed Arellano
rateplug.com THIS UPDATED RANCH STYLE HOME IS CONVENIENTLY LOCATED NEAR CENTRAL DENVER AND BELMAR MALL. IT HAS BEED RECENTLY UPDATED,30 KITCHEN WALL CABINETS WITH CORINE COUNTER TOP AND NEWER STAINLESS STEEL APPLIANCES, APPRECIATE THE REFINISHED HARDWOODFLOORS WITH A TOUCH OF GRAY TONES ADDED, FRESH INTERIOR PAI...
"For many borrowers, the attraction of a longer mortgage will be the reduced monthly repayments. In some instances, the affordability checks carried out by lenders, especially on first-time buyers, will mean that they may not be able to pass the requirements to get a 30-year mortgage, even if their rent payments are similar. As a result, the borrowers might be directed towards a longer term, said Williams."
I would say this is an option only after every other possible route was exhausted. But..if it gets someone into an affordable mortgage, it is worth looking into. However, consider that you will be paying so much more in interest.
theguardian.com The rapid extension of mortgage terms from 25 to 40 years means different things for different people
Celebrated a closing on a refinance tonight with clients who are now friends! Thank you Rick and Linda.
Get in under 300K. Contact Ed Arellano to preview.
rateplug.com THIS UPDATED RANCH STYLE HOME IS CONVENIENTLY LOCATED NEAR DIA AND NORTHFIELD MALL. IT HAS BEED RECENTLY UPDATED, WITH A TRADITIONAL FLAIR, 30 KITCHEN WALL CABINETS WITH GRANITE COUNTER TOP AND NEWER STAINLESS STEEL APPLIANCES, THE INTERIOR PAINT COMPLIMENTS ALL THE FINISHES. PLUSH NEW CARPET,. BASE...
The Federal Reserve announced Wednesday after its March meeting that it will leave its short-term interest rates unchanged and also signaled that it likely will not raise rates for the remainder of the year.
This marks a sudden change to what had been five consecutive quarters of rate increases. Not only that, the Fed also did not rule out the possibility of a future rate cut.
Is it a bad time to refinance?
It depends. I'm actually helping someone now who is going to be saving a few hundred dollars a month.
It's always good to protect the equity in your home, but sometimes a refinance is your best option. To determine this, we need to run different mortgage scenarios like what would your mortgage be if you had a 15 or 20-year mortgage versus a 30-year mortgage? How long will it take you to recoup the closing costs? Will it help to refinance and consolidate bills? Could you refi out of a CHFA loan into a lower interest rate and save money?
Let's talk about your options, and see if you could save some money.
moneycrashers.com Refinancing your mortgage can save you money, but not in every situation. Learn more about how refinancing works and find out if it's right for you.
Wondering what your payment on this house would be? Click the link to adjust some of the numbers based on downpayment and other factors. Contact me with any lending questions. Sonrise Preferred Properties
rateplug.com THIS ROOMY RANCH STYLE HOME IS CONVENIENTLY NEAR THE DTC AND PARK MEADOWS MALL. IT HAS BEED RECENTLY UPDATED, WITH A TRADITIONAL STYLE, 36 KITCHEN WALL CABINETS WITH GRANITE COUNTER TOP AND NEWER BLACK STAINLESS STEEL APPLIANCES, APPRECIATE THE REFINISHED HARDWOODFLOORS WITH A TOUCH OF GRAY TONES AD...
Happy Valentine's Day. I've been working on a refi and a purchase today. I could be working on yours. Call me with any questions.
🏚️Look at this beauty in Centennial. 🏚️
There is an additional kitchen in the basement with possible income potential... Click the image to see rate scenarios.
Contact Ed Arellano if you are interested in viewing this property.
Contact Jessica Dominguez- NMLS 1787917, The Mortgage Network if you are interested in getting pre-approved or just to talk about financing options. We have downpayment assistance available.
FHA is a great program, but have you heard about Home Ready? There are some down-payment assistance options with Home Ready too. Let's talk!
better.com HomeReady is an affordable home financing program that offers low down payment options. Here's how it stacks up against FHA loans.
If I don't have a credit score, how long is it going to take to get a credit score?
"It ranges between 3-6 months depending on if you have had previous positive credit trade lines.
If you had a previous credit card that reported to all three credit bureaus and closed it out two years ago, you will not have a credit score. However, in this situation, you would generate a credit score in three months if you got a credit card immediately.
If you have never had a positive trade line on your credit report, it always takes six months to generate a credit score. So if you opened up a credit card today, you would expect to see a credit score in 6 months.
The main thing you want to be conscious of is your credit utilization. If you get a new card and max it you, you won't be very happy with the credit score. However, if you keep a small 10% balance on your credit card every month you will have a great score when it finally shows up. The best thing to do for a $300 credit card:
Purchase a small $30 purchase for gas or groceries
When you get your first bill, pay it off in full when you receive it. Put a small $30 purchase on the card the same day you pay it off in full. Wait for your next bill and pay it off in full and repeat the previous steps. This way you will never pay interest and it will always report you at a 10% balance because credit cards only report a balance once a month."
“Saving for a down payment can be a challenge, so challenging, in fact, that 25 percent of first-time buyers told the National Association of Realtors last year it was the most difficult part of the entire home-buying process.” - Rocky Mountain News
There is down payment assistance available. Let's talk!
"The biweekly is only one of many ways that borrowers can budget extra payments. For example, increasing every monthly payment by 1/12 will pay down the balance at a rate almost identical to that with a biweekly. For hundreds of other ways to do it, see my Extra Payment Calculator."
forbes.com Mortgages with shorter payment periods than the standard monthly payment mortgage are a lender gimmick that do nothing for the borrower that the borrower cannot do better for herself.
Need options for a down payment on a home?
Here is one possibility. Let's talk about all your down payment options (gifts, grants, loans, 401k).
I'm here to help!
Plus there is downpayment assistance help. Contact me to find out more.
Purchase a new home today with as little as 3% down.
It’s true. I’ve done it! Ask me how.
fhanewsblog.com An imperfect home or a property you are sure won't pass FHA appraisal requirements is not necessarily a lost cause when it comes to FHA loans.
Solutions for a down payment on a house? Gifts, 401K, or many dp programs.
fortune.com First comes college, then comes the house.
Interest rates are going up, but it's not all about the rate.
Contact me for any mortgage related questions.
I have been speaking with Habitat, and have a great connection there. If you are interested in this HOMEOWNERSHIP opportunity, message me.
🏚️🏚️ The application opens in January. Please see the income limits below.
habitatmetrodenver.org Our Programs / Homeownership
Does your income fall between 30-50K? Do you feel like homeownership is out of reach? Talk to me about getting qualified for an income restricted affordable house.
These For-Sale houses are listed between 100K-200K.
stapletondenver.com Explore new homes for sale at Stapleton Denver. Designs range from timeless to modern, with townhomes, affordable housing and energy-efficient options.
"The largest active listings median price drop in November came in Denver, where the drop was just shy of 12 percent."
curbed.com Median listing prices have dropped, sales prices could follow.
I am a mortgage broker and former teacher. I have 17 years experience as a teacher and 13 years of experience as a Realtor. Both of these experiences provided me with extensive knowledge, techniques, and systems to streamline processes and increase efficiency during the loan process. I am patient, available and know how to educate. When I was a teacher, I purchased a home through The Good Neighbor Next Door program-It changed my life and showed me how important homeownership is. I specialize in down payment assistance programs and love helping people experience the joy of homeownership.
Colorado Home Mortgage Loans by Thompson Kane & Company - We offer all existing conforming, FHA, VA, USDA and ITIN'S as well as Bank Statement Programs
Greetings and Welcome to my business page! My name is Christine A Stirling and I am a residential loan officer with Fairway Independent Mortgage.
I am the VP of Mortgage Lending at Guaranteed Rate, Inc. – NMLS ID - 2611 https://www.guaranteedrate.com/wendimahoney
Executive Loan Advisor CO MLO #100028653 NMLS # 223200
NMLS # 288831 Branch NMLS #197135
Mortgage Loan Officer, NMLS 1015046
A free place for Mortgage Professionals and Consumers to discuss mortgages.
Mortgage Advisor with Spire Financial. NMLS 1400044
Colorado Home Loans | First Time Home Buyers | Conventional Loans | FHA | VA | Down Payment Assistance Programs| Cash-out Refinance Mortgages | Credit Repair | Denver area
I started in the mortgage business right out of college and have been originating for several years. I will make your home buying process easy and simple!
Envoy Mortgage Rocky Mountains