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Colorado 2nd Mortgage
Colorado ranks second in the nation for variable rate home mortgages, so the volume of refinancing in 2007 and 2008 is predicted to be significant. Mortgage brokers and lenders across the Rocky Mountain State are reporting an increase in credit inquiries as well as refinance applications.
There are many opportunities for Colorado residents who are currently paying for an adjustable rate mortgage to refinance into a fixed interest rate and start saving. |
Refinance Your ARM & Save!
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Nationwide Mortgage Loans is pleased to extend our "No Point" offer for fixed rate 1st and 2nd mortgage refinance transactions for all loan amounts over $150,000 to Colorado homeowners in 2007.
Ask your local loan officer about loan special specifics.
 Because the interest rates are rising, many homeowners in Colorado will be in a hurry to refinance and lock into a fixed rate loan. If you need cash out for financing home improvements or simply need to refinance your variable rate line of credit, we suggest that you consider our fixed 2nd mortgages.
Keep in mind, with the secondary market has taken a stricter approach for asset base home equity loan products and are subject to further restrictions in the months to come.
Tips From The Colorado Mortgage Underwriting Pros: |
"FHA Streamline Refinancing is a useful program that reduces the amount of documentation needed from the applicant for refinancing their existing FHA mortgage. The underwriting required is significantly less from the mortgage company. Unfortunately there are no 2nd mortgage FHA streamlines yet, so if you can reach your goals by refinancing your 1st mortgage then this option is a simple process." - C. Olson, Colorado Mortgage Broker at Denver Mortgage Corp
LTV(home equity), credit scores, and debt to income ratios remain the three most relevant factors for determining the interest rate. Our team of loan officers will help research your loan option & uncover the best possible rate for the loan that meets your needs. |
Colorado State Loan Update |
>> Colorado Home Mortgages -Property values in Colorado have recently reached all-time highs, so tap the equity in your home before you risk losing the equity in your home.
>> Denver Home Mortgage Update -With home sales dipping slightly across the states surrounding the Rocky Mountains. It may be your last chance to refinance your adjustable rate mortgage or take out a fixed second mortgage at a competitive home equity rates.
Get Local Colorado Rates for Home Equity Loans -Are your Home Equity Credit Line Interest Rates Rising? Are your monthly payments growing?
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