What kind of rates are available on adjustable mortgages in Colorado?
Adjustable rate programs are still a lot lower than 30 year fixed rates. The spread between ARM's and fixed rates is signaficant, and would certainly allow you a lower monthly payment if that is your goal as you move towards your purchase in Denver.Contact me at 435.986.2220 if I can help answer any...

Who is the most fleixble HARP2 lender? We have a special case.
Devin,We work with a few lenders who allow for expanded approvals, and are willing to work through the issues on a case by case basis. Harp 2 is a good program, and is expected to help a lot more homeowners refinance their home. I would be happy to talk to you more about your situation.If you would like, call...

Is there any mortgage help for loans not backed by freddie or fannie?
There is a proposal coming that should allow for non-Fannie/Freddie loans to be able to refinance, even if you are under water!

what is the best no cost refinance 30 year rate in CO springs for Feb 10, 2014 ?
We just completed a series of no-cost loans at 4.375% for a few clients. As with any lender, we would need to get a few details from you. Rates have moved down to about 3 month lows here recently, and it is a great time to consider a no-cost product. Feel free to email me at: dave@redrockhomeloans.com and I can...

Is 1 point reasonable to pay for a 4.25% rate? It seems to be excessive.
It appears to be excessive as of today. We have 4.125%, with no points today. I would be happy to send you a GFE breaking it all down. Email me at dave@redrockhomeloans.com. Thanks!

are mortgage rates subject to negotiation?
I believe the best way to negotiate, is to compare a couple different lenders rates & costs, because you will see differences between lenders, sometimes big differences. dave@redrockhomeloans.com

I don't own a home. How can I get a quote without filling out that information?
I would be happy to send you a couple quotes, just need to ask you a few quick questions, and I can email you a couple quotes to review. Contact me at 435-986-2220, or email me at dave@redrockhomeloans.com. Thanks!!Dave

want to get equity from the house mortgage is paid off how to do it?
A cash-out refinance is the best way to take cash out of a property that is paid off. We have some of the best cash-out refi rates available, feel free to contact me at dave@redrockhomeloans.com and I can email you an estimate to compare. Thanks!Dave

how much cash would i be able to get out of an fha cashout refi?
FHA and Conventional loans allow for 85% LTV. Often times a conventional loan will offer better terms than FHA, depending on the over goals your have. I would be happy to discuss this with you in more detail. Dave Capra- Red Rock Home Loans, St George, UT. 435-986-2220. dave@redrockhomeloans.com

can i go zero down with a usda loan if my credit is 635?
You bet, we can go down to a 620 score, and rates are great right now! We are seeing high 3's on the USDA product. It really is a great option, one of the best available right now. Thanks-Dave CapraRed Rock Home Loansdave@redrockhomeloans.com435-986-2220

Colorado Conventional 5% Down - Gift Funds?
We have a program where gift funds can be used for the 5% down, so the entire down payment can be gifted. The other option is to simply get the gift funds from your parents now, and let them season for a couple months, then you will have the down payment funds in your account. Your debt-to-income ratio's...

can i do conventional mortgage 719 fico score and 39% DTI?
Hi Jacob,Yes, conventional would be no problem with this scenario. We would even have options with no mortgage insurance which would lower the over monthly payment obligation. Thanks!Dave