By Angela Lanfranco
Great refinancing rates in Denver and other Colorado areas is slowly starting to dry up according to a nationwide report last week. Some rates by lenders across the U.S. went up almost one percent. This could be because of the Feds recent comments on the economic stabilization looking a little brighter. With the growing number of folks refinancing, this has to play a role in a boost in the U.S. economy. Most analysts agree this small rise in rates won’t necessarily hurt the economy. While some home owners who were pondering on recent offerings of 4 % rates, are now wishing they had acted faster.
The average rate for a 30-year fixed mortgage is back at 4.91 percent this week, up from 4.82 percent last week, Freddie Mac said Thursday. Here at Golden Lenders, we are constantly watching these trends because we have had so many homeowners inquire about refinancing. ” I would say now is the time, it can’t get much better than now” said Golden Lenders Owners D.J. Robbins. D.J. and his team have been processing multiple refinancing packets per day. D.J. when on to say “These homeowners are getting the best possible rates we can offer.”
Most of the fuel behind the recent spike was because of new loan applications rising for the last 5 weeks according to the Mortgage Bankers Association. On top of that, sales of new homes are appearing to bounce back. Here in Colorado, home sales are actually positive from April through May.
We can still lock you in a great refinancing rate, just come in and sit down and talk with us. We will sit and consult with you and figure out the best possible options that suit your needs. Whether your looking to cash in some equity, get a lower rate, or lower your monthly payments, there is something right now that fits your situation. Denver Colorado home refinancing options have still never been better. Don’t wait to long before the time is up. Contact Golden Lenders today!
By Angela Lanfranco
New Colorado Refinance Program from Fannie Mae
Denver Colorado Streamlined Refinancing
Denver Home owners could be in for a big incentive based on the new program by Fannie Mae. Some home owners who are facing home value losses could see some stimulus. If you live in Colorado and have a Fannie Mae loan, GoldenLenders would like to talk with you. If you are currently in an ARM or interest only, we may be able to assist you in securing a more stable loan and reduce your monthly payments.
FHA Streamlined mortgages in Colorado
This program is designed to assist homeowners in getting a better rate without the hassle of all the historical documentation. Turnaround times can be quick and painless. If you meet the following criteria, you should qualify for the FHA Streamline refinance option:
- 1 year no late payments on your mortgage.
- You have an FHA loan.
- You’re currently up to date with your mortgage.
- Provide your Social Security Number.
What’s so great about this new program? You do not need to go through the appraisal process. You get to refinance the original amount of your loan even if your home has lost value. This refinance option will lower your payment and your interest!
What to expect?
You will not get more than the original amount for starters. If you are looking to make any money, this is not the program for you. This process can be completed very quickly and it’s painless. Little documentation is required and the only thing you would need to do is show proof of your Social Security Number.
Got Questions?
Not sure if you have an FHA Loan? Give us a call – We can assist you!
Golden Lenders will be pushing this new refinancing until it expires. Give us a call or send us an email today!
By Angela Lanfranco
AMAZING CO HOME LOAN RATES
People in Colorado are refinancing their homes loans all over the state. While the rest of United States struggles with the economy, employment, and financial crisis, Colorado is standing firm throughout it all. Golden Lenders has seen a huge increase in the applications for refinancing in the last three months. If you haven’t looked at your options, you need to act quick. Time could be running out for great rates and this would be an oppotunity that you don’t want to miss.
You can consult with one of our Loan Specialists to weigh out your options. What hurt can that do? You’ll find that our lenders are offering you the most competive Colorado home loan rates in the market today. Staying competitive means informing home owners with not only good information, but ensuring they get the most out of their loan based on their future goals in their lives.
Most people on average that purchased their homes in 2003-2007 came in at 30 yr fixed loans with an APR of anywhere between 5.75% – 6.50%. If you haven’t looked into refinancing, you need to see how much money you’ll save by going with a Golden Lenders refinance loan that could save you tens of thousands of dollars.
As it stands: Based on Approved Credit and also rates subject to changing
Our rates (based on qualifications) for this month alone are as followed:
15 yr fixed 4.25%/4.59% APR
30 yr fixed 4.5%/4.67% APR
Could you imagine how much less your monthly payments would be? How much money you would save based on the duration of paying off your home? Why not give Golden Lenders a call or an email today? Colorado home loan rates couldn’t be better, we are here to assist all home owners in refinancing to clear a path to financial stability.
By Angela Lanfranco
Denver Home Buying Seminar 2 May 09
GoldenLenders is hosting Denver home buying seminars that will be held on a monthly basis. Since the recession began, a lot of things have changed in lending and buying a home in general. These Denver home buying seminars are jam packed with useful information. Regardless if you are closing a home tommorow, or already own a home, these seminars can and will help you with your next home purchase. There will be plenty of professionals there to answer any questions you may have.
Some will go into the home buying process solely relying on their Realtors for expertise. We do believe Realtors play an important role in the home buying process, but your loan will be with you for 15-30 years… Why not learn about it? The choices you make now will reflect how much you spend or save on your next home purchase. The best thing about this Denver home buying seminar is – Its Free! Definetely a good time to bring the family, spouse, girlfriend or boyfriend, son or daughter, or come solo. This is some very in depth 2009 loan information that you won’t wanna miss. We will cover a range of topics from rates, points, and 2009 incentives from the U.S. Government such as Tax breaks and HUD.
You can register 1 of 2 ways for the seminar. You can shoot us an email or give us a call. This is a no pressure seminar and our goal is solely to educate consumers. Contact Mr. D.J. Robbins for further information or reserve your slot for this Denver home buying seminar today.
303-482-2361
“OPENING MORE DOORS TO HOME OWNERSHIP”
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