Helping Make Dreams Come True!

Years of Experience..Lifetime Commitment

TOP 5 REASONS YOU CAN'T AFFORD TO WORK WITH ANYONE ELSE...

SAVE MONEY - You'll save money when you work with one of our experienced and professional real estate / mortgage brokers because they'll have greater flexibility on what is charged.  Stop getting raked over the coals, work with one of our people and get the price and service you deserve.

SAVE TIME - You'll save time, because traditionally you would set an appointment with a mortgage broker to get your mortgage situation figured out and approved and then schedule time with a Realtor to go and view homes, now when you get qualified you'll have the advantage of talking and meeting one time with someone who understands both sides of the transaction.  That in itself is of tremendous value.

CONVENIENCE - You'll appreciate the convenience of dealing with just one person who specializes and understands both real estate and mortgage transactions.  Our professionals can see potential problems which may arise and be able to react to them before they become a problem through their superior understanding of both the mortgage business and the real estate contract.

SERVICE - You'll receive great service because you'll get all your questions answered by dealing with just one person.  You can make your loan application online.  Imagine, no unneccessary appointments, paperwork or hassle, just great service at a fair price.

PEACE-OF-MIND - You may be surprised to know mortgage professionals in Colorado do not carry a license to transact mortgage business nor do most of them subscribe to a code of ethics as do Realtors.  When you work with Mortgage Money, Inc. and one of our professionals, you'll gain peace of mind knowing your dealing with someone who subscribes to a code of ethics and because they are licensed Realtors, they are monitored closely by the Colorado Real Estate Commission.

SOMEDAY, PEOPLE WILL WONDER WHY IT WAS DONE ANY OTHER WAY.

We want you to be totally satisfied with our Company, before you start the process.  If you have any questions, please let us know and we will provide you with honest, professional answers that will allow you to sleep well at night while we are processing your Mortgage Loan for the "closing table".  Contact Our Associates today to get started.

We are a full service mortgage company that handles many different types of  loans at very competitive rates. We also provide special financing, 80/20 loans, 100% financing, loans for people with not so great credit and more. We can even show you ways to get your closing costs paid for.   To find the   programs that best fits your needs, please complete the loan application on-line or feel free to call for an over the phone consultation. So whether your are building a home, buying a new home or refinancing your existing home loan, please call us today for our current rates and programs  (303) 777-7435

e-mail us
 

• Quick and Easy on-line Application
• Steps for Loan Application
• Mortgage Calculator

     INTERVIEWING - QUALIFICATION - PROCESSING - UNDERWRITING - CLOSING

Most lending institutions require confidential information that you may not have at hand when making a mortgage
loan application. To speed up the process of loan approval, you will want to gather the following items, if they apply:

Many times, even if you do not have these items on hand we can get the process started by getting some very basic information from you.  The easiest way to provide it, is through this confidential and secure on-line application .

Here is a list items that may be needed eventually, some may not apply in your situtation and there are many low doc or no doc type loans:

       1.  Driver's license.

       2.  Social Security number for all applicants

       3.  Name and address of employer(s) for the last two years. Latest earnings statements or pay vouchers.

       4.  If you are self-employed, tax returns for the last two years will be required, plus profit and loss statements and
             balance sheets for the to date earnings.  A letter from you account may also be needed.

       5.  A check for the credit report and appraisal fees (not-required at the time of application and usually can be added to the settlement                     statement to be paid at closing).  Be aware of other companies requiring large amounts of up front money for doing a loan application.

       6.  Tax returns for the previous two years.  We do have programs that these are not required, ask about special programs.

       7.  Checking and savings account numbers and the addresses of the banks.

       8.  Mutual fund account numbers and addresses.

       9.  Gift letter for any money received from relatives to purchase home and placed in checking/savings account.

       10.  Serial numbers and face values of any US Savings Bonds and other stocks.

       11. Copy of current thrift plan, provident fund or retirement benefits which your company has. If statement is not
           available, provide address and account number of same. Include IRA and/or Keogh data.

      12.  All credit card references including account numbers, balances, monthly payments, etc.

      13.  A list of any debts you have with a balance due. Include documentation with the name of the creditors,
     addresses, telephone numbers, account numbers, monthly payments and current balance.

      14.  A list of assets, including cars, furniture, etc., along with an estimate of value.

      15.  If overtime is a substantial part of your gross income, provide W-2 forms for the last two years. Commission
     sales usually require tax returns from the previous two years.

      16.  If you are getting a VA loan, your certificate of eligibility, if you have one or you will need a Statement of
     Service (DF 2496) or Discharge Paper (DD 214). If you are currently in the military, you will need a DD 1747
     (permission to live off post).

      17.  If you presently own or have owned a home in the last three years, the name and address of the mortgage
     company or lending institution, the mortgage loan number and balance.

      18.  If you are obtaining your equity from the sale of your previous residence, a copy of your closing statement is
     required.

      19.  If you are a landlord, bring a copy of your tenant's lease(s) with you to substantiate the income derived.

      20.  All divorce papers and any property settlements where property was involved. If alimony or child support is
     being used as income to qualify for a loan, provide proof of amounts received. This is either by copies of
     canceled checks, military allotments or warrants, if paid through the court.

      21.Any bankruptcy judgment papers. Copies of discharge and original papers filed.

      22.  A copy of the Sales Contract, signed by all parties, if you have already found a house. If not, that's okay we can help you find one.  If                 it's a re-finance you will not need one either.

Fill out this quick and easy on-line form or Call us today 303-777-7435 and we will send a form right out.
 

Yes, I am interested in having mortgage loan consultation.

Yes, I am interested in getting a home mortgage loan.

Yes, I am interested Re-Financing my current mortgage at a much lower rate.
 

Please enter your questions, comments, ideas, or suggestions below.

During the interview, your loan officer will begin by going through some preliminary
qualifications with you that will allow him or her to determine your loan needs. You loan officer
will consult with you, answer your questions and guide you toward your financial objective, to
find the best loan. QUALIFICATION INVOLVES THE DETERMINATION OF TWO RATIOS:

1. Housing-to-income: This compares all your monthly housing expenses to your monthly income.

2. Total debt-to-income ratio: This compares all your monthly debt payments(credit cards, car payments, housing debt, etc.) to
your monthly income.

Determining these ratios is a very important step that allows your loan officer to determine what types of available mortgage loan
programs meet your needs. These ratios are used during underwriting to determine if you meet the loan requirements.

After your preliminary qualification, a loan application is filled out which provides details about you and your financial position.
Consider doing this before looking for a home. It strengthens your bargaining position in the negotiation process.

The information you will be providing can be very personal. This may make you feel uncomfortable at times; however, it is crucial
that you give accurate and truthful information throughout the whole process. This will speed your application along and help
eliminate the chance of any unexpected "surprises" that could cause a delay or keep you from getting your mortgage loan.

Along with the application, you may be asked to provide other supporting documentation such as:

     W-2's

     Tax returns

     Current pay stubs

     Bank statements

Your loan officer will provide you with:

     A good faith estimate of the settlement charges associated with closing your loan:

     A truth in lending discloser which will detail what your payments will be along with the corresponding APR;

     A settlement booklet that describes in greater detail the settlement process and the various fees associated
     with a mortgage loan;

     You may also be asked to sign documents for verifications that will be needed during the processing of the
     loan;

During processing, your loan file is examined to ensure that all information is complete, accurate, and meets mortgage
requirements. Verifications, appraisals, credit reports, and other necessary documents will be ordered at this time. The goal during
processing is to gather facts that can later be used for making decisions about your mortgage loan. Once the loan file is complete,
the processor will turn the file over to an underwriter.

Underwriting involves the evaluation of all the documents that make up the file to determine if the loan should be approved or
denied, based on the factual information presented. All of your loan documents will be verified and reviewed for completeness,
accuracy, and legibility.

Your loan will reviewed by an underwriter in terms of four important factors: collateral, capacity, character, and capital.

Collateral: This refers to evaluating an estimate of the property's value and the property's physical condition, which provides a
basis for the lender to establish the maximum loan amount that the property can secure.

Capacity: This refers to the financial resources you have available and your ability to make the monthly housing payments.
Qualifying ratios are calculated to support the loan file data and meet certain requirements.

Character: This is based on the information from your credit report which provides a history of credit performance regarding
payments. This acts as a measurement of your motivation to make monthly mortgage payments. If you have a history of bad
credit, it is not a basis for automatic denial. You may have already corrected the problem or may need to do so before loan closing
can occur. Your loan officer will make you aware of any problems and can offer you possible solutions. Remember to be totally
"up-front" to eliminate delays!

Capital: This refers to the liquid assets which you have available for the down payment of your loan(if necessary) and to meet
closing costs. The underwriter evaluates the capital requirements and documents them in your loan file.

After all underwriting factors have been carefully evaluated, the underwriter will make a decision to approve or deny the loan you
have requested. If approved, the loan package is signed, dated, and sent off for closing. Your loan officer will inform you of the
decision and confirm it with a written loan commitment. If your loan is denied, you will be informed in writing.

This is the final step to obtaining your mortgage loan. After your loan is approved, closing documents are prepared, assembled,
signed, and recorded. The closing date will be set and you will need to come in and sign all your paperwork, which will take about an hour to an hour and a half.  Once your mortgage paperwork is finished, the funds will be disbursed. The Deed of the property passes from seller to
buyer and gets recorded at the county court house. At the same time, you will be making a legal obligation to repay the debt secured by the mortgage.

The total time frame from the application to funding will vary for different lenders and types of loans they offer. Typically, if the
process goes smoothly, you will have your loan finished and closed within 2-6 weeks.  All re-finance loan have a 3 day right of recission.