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Castle Rock 80104 Jumbo Mortgage Luxury Home Loan Information & Guide

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Mortgage and Lending with NMLS #384936 NMLS #384936

Colorado Jumbo Luxury Home Buyers 80104 - You can truly have luxury service for all your mortgage needs

Kevin Guttman, and Colorado Home Loan Team offers a wide array of adjustable and fixed rate mortgage products for loans on residential properties. As a mortgage lender, we have the ability to set customized pricing based on mortgage programs structured to suit your individual needs. We have the power to lock in your rate, approve, underwrite and close your loan.

Maintaining relationships with many regional lending institutions , we may also work as a mortgage broker to provide our consumers access to an even wider selection of mortgage options to choose from.

Conforming Jumbo Mortgages:

Similar to a conforming mortgage, a Castle Rock conforming jumbo mortgage is also controlled and guided by Fannie Mae and Freddie Mac. However, it offers higher loan amounts throughout the country based on the region's median home values. This application process is also streamlined. It offers extended loan-to-value ratios and increased lending limits. The maximum loan amount for a Colorado Conforming Jumbo loan is $625,500. However, some areas have a lower maximum. Click here to see what lending limits are offered in your area. Typically a price premium is applied to the conforming loan pricing on conforming jumbo loans.

Top Mortgage Originator Reveals How To Save 1000's and Streamline Obtaining Your Jumbo Mortgage - Click Here

Colorado 80104 Jumbo Mortgages:
Jumbo mortgages are loans that exceed the conforming jumbo limits. While many underwriting guidelines are based on those set forth by Fannie Mae and Freddie Mac, these loans are not governed by these entities. The loan limits for jumbo lending are not set by any governing body and typically range from $625,501 to around $1,500,000 or $2,000,000. Streamline processes have been established for these loans. However, additional requirements are often applied for underwriting and approval. For example, the Castle Rock lender may ask for an additional appraisal and/or impose slightly lower loan to value ratio restriction. While Jumbo mortgages are also available with long term fixed interest rates, adjustable rate products for this option are more common.
 

Super Jumbo Mortgages For Colorado Home Buyers:
Super jumbo mortgages for luxury Castle Rock, CO. are typically considered to be loans greater than $2,000,000 and, like a jumbo loan, do not have defined or formal lending limits. With fewer lenders participating in these larger loans, super jumbo mortgages are considered a niche in the industry. Generally, a private banking partner or a super jumbo specialized lender provides these loans. Luxury Mortgage has a long standing history of providing homeowners this product. Please contact your Luxury Mortgage super jumbo specialist for more information.
Fixed Rate Mortgages:
This is the most common mortgage where: Your monthly payments including interest and principal never change. Fixed rate fully amortizing loans have two distinct features: (1) the interest rate remains fixed for the life of the loan and (2) the payments remain level for the life of the loan and are structured to repay the loan by the end of the loan term. The most common fixed rate terms are 30 and 15 year. These terms evenly distribute the monthly principal and interest payments over their respective terms. Since the 15 year term is shorter, the monthly payments would be higher than the 30 year. Other terms available are 20 and 40 year.
Adjustable-Rate Mortgages (ARM):
With an Adjustable-Rate Mortgage, (or A.R.M.), the interest rate and payment adjusts at periodically based on the loan program. For example, a one year adjustable will adjust each year where a five year will adjust every five years. Adjustments are calculated by applying a predefined margin to the loans rate index on the future date based on the adjustable loan term. The Interest rates on adjustable loans are generally lower than fixed rate loans and the shorter the adjustment period the lower the interest rate.
 
Adjustable rate loans are available with adjustment terms adjusting daily, monthly, annually and semi-annually (every 6 months).
What Type of Home Are You Looking For? Free Home Finding Service
 
We Finance Your Dream!
Colorado Home Loan Team
Colorado - Statewide
Kevin Guttman, Sr Mortgage Banker
Top Colorado Home Loan Originator
877-251-9709
Colorado Springs, CO. 80920
 

 

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We help Colorado clients finance their dream and

get the best rate, program, fees, & payment they qualify for!

 

Kevin Guttman

Certified Reverse Mortgage Planner

Home Finance Advisor

Financing Your Dream

Colorado Springs, CO 80920

877.251.9709

kevin.guttman@gmail.com 

www.ReverseMortgageAdvisorsUSA.com

www.ColoradoHomeLoanTeam.com

www.HomeAndLoanExperts.com

 
 
 

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