Financing your New Home

Now saving trees with e-signing & Delivery

2010-03-21T10:46:00.000-07:00

Now featuring e-signing & delivery via our secure website, Signing loan papers has never been easier. Visit us at www.canyonrivermortgage.com or call conrad carpenter at 303-665-9393

First Time Home Buyers

2010-03-21T10:37:00.000-07:00

Conrad Carpenter and Nicole Carpenter love helping first time home buyers. Visit us at www.canyonrivermortgage.com or call us at 303-665-9393

My loan is with Countrywide

2009-03-22T14:14:00.001-07:00

My loan is with Countrywide, should I use them? Actually we can refinance you with countrywide, beat their daily rate and roll your existing tax/insurance escrows into the new loan. We can even transfer your automatic payment to the new loan. It’s really that easy.

I see insanely low rates on the internet,

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These may not exist or have extremely high costs associated with them. The ads you see are structured to get you to call. Once you call you’ll realize you are not getting that 30 year fixed at 3.5% that they are offering. Most likely you are getting a 2-1 buydown that will adjust up 2 points over the next two years. We have these loans available, but we do not tease you with these intro rates just to make our phone ring.

Appraisals

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We don’t always need an appraisal and this can save you up to $300 in the costs of doing a simple refinance loan. We can approve your loan in house in only a few minutes, we can determine if you need appraisal right then, and schedule your closing shortly after your application.

Closing costs

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Don’t be confused by ads that mention a flat rate closing fee. All loans have nearly the same closing costs, these are unavoidable. However, we do have low closing costs and even no closing costs options that we will show are available when meeting to take your loan application. And yes, if you don’t have the cash in hand to pay your closing costs, these can be rolled into your loan and this is very customary.

How can I get the best deal

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Remember interest rates move fast just like wall street does, and sometimes the best deals only last a few hours at a time. The best way to get a great deal is to be patient, complete your loan application with us and get approved ahead of time. Have all your income documentation turned in to us and be committed to close with us. In return we will get your loan all approved and wait for the best time to lock your rate and close. This allows us to take advantage of the best possible pricing for you and get you closed fast.

Mortgage interest rates are risk based

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Mortgage interest rates are risk based, and every borrowers risk can vary. This is an industry standard for pricing mortgages and is set by Wall Street and not one lender is excluded from these risk based pricing guidelines. Across the board it is the same. The more risk there is, the higher the rate, or the more the costs. We like to find the right balance of costs versus interest rate.

Rate shopping

2009-03-22T14:09:00.001-07:00

Rate shopping, Rates are fairly the same across all the banks everyday as they are directly tied to mortgage backed securities on Wall Street. Your best bet is with a broker like us who has extremely low overheard and is focused on your goals, not our commissions. We will always get you the best deal possible and with the best service you will not get with a big bank name. We are working for the future referrals of all your neighbors, friends, and family, so we are going to make absolutely sure you have the best deal. That’s why we are in business today.

Mortgage insurance,

2009-03-22T14:08:00.001-07:00

Did you know that you do not always need mortgage insurance when you are over 80% loan to value and you don’t want a second mortgage. In place of monthly mortgage insurance we can make a slight adder to the interest rate and remove the monthly mortgage insurance. In most cases this will result in a lower monthly payment and better tax advantages versus monthly mortgage insurance. So it is totally possible to have 1 loan to 90% Loan to value and no mortgage insurance.

Ease to do business.

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We are very “E” friendly, We can do everything electronically and via fax, or even face to face. Whichever you are most comfortable with. There is no charge for meeting face to face and going over everything , we actually prefer this. This is a big transaction and we understand how important this is to you.

Why use a local mortgage broker

2009-03-22T14:02:00.000-07:00

Why use a local mortgage broker, Think you can get a better rate and price by being an existing customer of a bank and going through them. Think again. We are not bound by the minimum commission requirements that the banks make their in house sale people achieve. Why is that so important? We do not set our commissions so high as to sell you a higher rate just so we can please the corporation and meet our sales goals. Our sales goals are to do the fairest deal possible in return for all your future referral business.

Clark Howard - Low-No Cost Mortgages

2008-11-29T08:47:00.001-08:00