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.
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.
"There are inconsistencies and a knowledge gap among renters..."
info.bankofamerica.com Bank of America's 2018 Homebuyers Report is a study of recent homebuyers that provides insight into their home buying experience
Here's what you need to know about the mortgage process. . .
I would love it!
So many acronyms in real estate that it can get very confusing. Here's a handy infographic that explains Private Mortgage Insurance (PMI) and Mortgage Insurance Premium (MIP) and which one a buyer needs and for how long.
Hope your day is filled with friends, family and thankfulness!
What is your Friday Feeling?
#WCR #NorthMetroDenver #realtor #professional #education #networking #events #success
People are concerned about rising interest rates. No need to be because they are still historically low. One strategy to help both buyers and sellers is to buy down the interest rate. How does that work? Call me for more details.
freddiemac.com Despite recent market volatility, mortgage rates remained steady this week.
Veteran gets a free home. I love it!
denverite.com The Jacksons moved into their donated home just in time for Veteran's Day.
Mortgage rates took a slight dip this week. Contact me if you are interested in getting qualified for a home or would like to refi.
freddiemac.com Despite volatility in the stock market, the 30-year fixed-rate mortgage inched forward just 1 basis point to 4.86 percent this week.
If you are uncertain if you should refinance or not, let's talk! We can weigh out the costs involved compared to the potential savings.
breakthroughbroker.com Blog content for real estate agents: Staying on top of the latest trends in home decor isn’t for everyone, but even for traditionalists, it can be fun to incorporate some new ideas...
Jessica Dominguez- NMLS 1787917, The Mortgage Network's cover photo
Realtor Tip: The .realestate domain, launched by the National Association of Realtors®, will be available for purchase Nov. 26.
"The .realestate domain is free of restrictions and will allow real estate entities and professionals to creatively market properties and geographic areas served, along with personal brands and specialties. The domain leverages real estate as a descriptive and internationally known term."
nar.realtor The .realestate domain, launched by the National Association of Realtors®, in partnership with Second Generation, Ltd., will be available for purchase through GoDaddy next month.
Realtor friends- Is your website ADA compliant? Listen to this LegalBites from the Colorado Association of Realtors.
Colorado Association of REALTORS®' General Counsel Scott Peterson discusses ADA website compliance, the explosion of lawsuits for non-compliance, and what it...
Realtor friends, did you know that CAR offers housing statistic reports by district and county? Adding these reports to a listing presentation would show what a data-rock-star you are!!!
As loan originators, we must always be ethical and look out for the best interests of our clients. It is important to remember that with a reverse mortgage, the customer, is still required to pay yearly fees like taxes.
washingtonpost.com Reverse mortgages — pitched as a way to ‘age in place’ — are pushing more elderly homeowners into foreclosure
Here's a funky little vid about down payment assistance. Don't forget- there are some Colorado programs that can get you into a home for around 1,500 and a 620 credit score.
Let's sit down and compare interest rates, fees, mortgage insurance, and closing costs to find the right program for you!
9news.com There are actually several types of loans that allow homebuyers to qualify with a low down payment or no down payment at all.
Colorado has more than 30 different programs that help with down payment assistance! Click on the link to learn about two. Let me help you navigate through the programs to find one that fits the needs of your buyer.
fha.com The following down payment assistance grants were curated by the team at FHA.com. This is not a complete list, but can serve as a starting point in your search for the right program.
Jessica Dominguez- NMLS 1787917, The Mortgage Network
For more than 15 years I have been helping people realize the American Dream of home ownership. With thorough mortgage planning and sound advice I help my borrowers move from their starter home to their dream home!
I am a loan officer with a passion for developing strong relationships with people and helping them with their home loan needs.
Sarah Woods NMLS: #608169 CO: #100051461 Univerasal Lending, NMLS #2996 | Equal Housing Opportunity http://www.nmlsconsumeraccess.org
Joshua Nielsen-Mayer is a distinguished mortgage broker based in Denver, Colorado.
The ability to buy or sell a home has become a constantly moving target with ever-changing regulations. Let me help to stay informed. nmls#219489
Stanford Funding is your source for Denver home loans and Colorado mortgage refinancing. Home mortgage financing for home buyers and commercial real estate
Executive Loan Advisor CO MLO #100028653 NMLS # 223200
NMLS ID# 377162
Lorie Jackson, dedicated Senior Mortgage Loan Officer at Fairway Independent Mortgage Corporation! FIMC NMLS #2289, NMLS# 294433. Equal Housing Lender.
Licensed mortgage broker specializing in home and investment loans as well as refinancing.
Montegra is a Denver-based private money bridge lender. http://www.montegra.com/