WHY DID MY REALTOR REFER ME TO YOU?

A high quality realtor knows that the key to a successful transaction means TEAMWORK with a professional mortgage banker. Any experienced realtor could tell you horror stories about times when a client made a poor choice of mortgage company, and ended up with big surprises at the closing table, or worse, no closing taking place at all! A good realtor will form relationships with trusted individuals who have proven themselves. Someone they know will give you excellent service you deserve. As mortgage professionals, we desire more referrals, both from you and your realtor, so consider the extra motivation this provides for us to take great care of you and your satisfaction!

WHY SHOULD I USE A REALTOR?

It is in your best interest to have an experienced professional working on your behalf. A realtor's commission is not paid by the buyer, but by the seller of the home being purchased. As a seller, profits are generally maximized by having an experienced realtor market and sell your home, rather than deal with the headaches of trying to do it all on your own.

WHY AND HOW DO INTEREST RATES CHANGE?

Many people are surprised to learn that rates change on a daily and sometimes hourly basis. Interest rates fluctuate in response to changes in the financial markets. The bond market is generally a good indicator of the general trend of interest rates, although not the only indicator.

WHAT IS AN ORIGINATION FEE?

Typically, it is 1% of your loan amount, and works like a discount point. By paying a higher interest rate, you can avoid this one time fee. The origination fee will always be recouped in refinances and can be paid by the seller with purchases. In Colorado, rates are typically quoted assuming this 1% origination fee.