Lower Your Mortgage Loan Payment in Denver

Lower Your Mortgage Loan Payment in Denver

The time is now to take advantage of historically low interest rates, refinance your mortgage, improve your credit, maximize your monthly income, and potentially save thousands over the years.

There are several ways US Mortgages decreases Denver homeowners' monthly mortgage payment. If you've had a change in income or a new expense come into your life, lowering your mortgage payment can help tremendously. Trying to save money on your mortgage? If you're planning on being in your Denver home for a long time, US Mortgages can lower your home loan payments, and interest rate! Learn how below.

How do I lower my Denver monthly mortgage payment?

The easiest way to lower your home loan payment is by refinancing your Denver home. Regardless of whether your original loan came from US Mortgages, or another lender, you can still refinance through us. This method will decrease your home loan payment and, in most cases, your interest rate as well. One way to lower your monthly mortgage payment in Denver is by extending the terms of the repayment of your loan. Depending on your financial situation, this may be the best move you can make, especially if you need an immediate change and plan to refinance later.

What other ways can I lower my monthly payment?

Some Denver homeowners may qualify for the HARP program, which is a federal loan modification program geared towards those undergoing hardships and requires certain eligibility standards be met. If traditional home refinancing hasn't worked for you, even though you've been keeping up with your mortgage payments, a HARP loan can make your mortgage more manageable, and bring increased financial stability to your life. Another way homeowners in Denver can decrease their monthly mortgage payment is through getting rid of their private mortgage insurance payments, or PMI. Some mortgages require PMI if the down payment made on the mortgage is less than 20% of the value of the home. If you've gained at least 20% equity in your home, PMI is no longer necessary.

We work with clients with a wide range of borrowing histories. From shaky credit to perfect credit, we believe that we can find the right loan program for you. Learn more about the ways you can decrease your home loan payment by contacting Denver's US Mortgages today.

Pre-Qualify In Minutes, With No Impact To Your Credit Score

With just some basic information, you are on your way to your new Home. In most cases, our agents will call you in a few minutes to get things started. In some rare events it could be up to 24 hours. We always try to call between 8am and 5pm MST, so we don’t disturb you after hours. If you would prefer we did call outside those ours, please just add in a note and we will be happy to oblige.

Why should I get pre approved for my home loan or refinancing?

Home loan pre approval in Denver simplifies the loan process. Preapproval allows a lender to see a full 360 degree view of the borrower's financial situation, enabling us to advise borrowers on all home loan considerations. This helps us identify which loan we offer is the best fit for the borrower. Prequalification allows borrowers to pursue the loan that's best for them and their financial situation.

How can I get ready for home loan prequalification in Denver?

Excellent question! A great place to start is by understanding what lenders look at. For the most part, lenders look at 4 things. The first is your FICO credit score which includes your payment history, credit utilization and the length of your credit history. The second is your income with respect to your monthly housing costs. The third is the number of current loans you have and their status. The fourth and final thing lenders consider is the percentage of the cost of the home you're looking to purchase that you can put as a down payment. Get ready for prequalification by understanding your status in these areas and identifying what you can do to improve them before buying a home.

About US Mortgages

US Mortgages has been securing mortgage pre approval in Denver for over 20 years. Let us know how to reach out to you, or give us a call today.

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Pre-qualification means one of our mortgage specialists will contact you. This does not represent an offer to enter into a loan agreement. Loans subject to credit and property approval. Normal credit qualifications and other terms and conditions apply. Not all loan products or terms are available in all states.