The Mortgage Experts at America's Mortgage

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Mortgage and Lending - The Mortgage Experts at America's Mortgage, a Division of Cherry Creek Mortgage Co. - NMLS #241555
RECENT BLOG POSTS
5280 magazine notified Debbie and Chris that they have been awarded the designation of FIVE STAR Mortgage Professional for 2012. This marks the second year in a row that we have been recognized as being among the top lenders in the Denver area.Thousands of recent home buyers were surveyed, and De...
05/11/2012
Can someone get a mortgage after a bankruptcy? Yes they can! And they only have to wait 2 years from the date that the bankruptcy was discharged. The most important thing is that they "re-establish credit" after the bankruptcy. That means no late payments of any kind (including collection account...
05/11/2012
In order to have good credit scores, you need to use credit.  The credit bureaus (TransUnion, Experian, and Equifax) do not give good credit scores to people who do not use credit cards.   But how do you get a credit card if you don't have good credit scores?  Won't the banks just turn you down? ...
02/20/2012
Want some great news regarding mortgage insurance for conventional loans? How about this?• The maximum allowable debt-to-income ratio (DTI) for mortgage insurance is being increased from 41% to 45%, regardless of the borrower's credit scores.• Mortgage insurance monthly premiums are going down by...
02/13/2012
CHFA (Colorado Housing and Finance Authority) offers down payment and closing cost assistance for Colorado home buyers and they only require the buyer to contribute $1,000 of their own money to the transaction.However, if a buyer pays more than $1,000 in earnest money, they are NOT allowed to get...
02/13/2012
After a bankruptcy, a foreclosure, or a short sale, a potential home buyer must wait a certain period of time before they are eligible to get a mortgage.In addition, the underwriting guidelines state that they must "re-establish" their credit. Many buyers are unaware of this additional requiremen...
02/13/2012
It's almost tax refund time. Many people ask us if tax refunds can be used to pay for a mortgage down payment or closing costs.The answer is YES! All a borrower needs to do to document the tax refund is to provide a copy of the refund check and a bank statement showing that the refund has been de...
01/25/2012
By popular demand, one of the greatest ways to expand your sphere of influence is BACK! If you're a Denver area real estate agent and you have a question about mortgages or credit reports, send us the question. If we choose your question, we'll answer it in our next email newsletter, AND we'll de...
01/19/2012
The debt-to-income ratio (DTI) is the ratio of your debts divided by your income, and is one of the main things that determines how large a mortgage you can qualify for. But do all of your debts count against you?The answer is no, not all debts count against you when determining the size of the m...
01/19/2012
1 Comments
We get many calls this time of year from borrowers who are worried that they can't get a mortgage because their lender told them that they need their W-2 for 2011 and they haven't received it yet from their employer.Employers have until the end of January to give W-2s to their employees and under...
01/06/2012
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Chris Thomas

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