Golden Gate Mortgage

We are here to help you to find the best home loan with a reasonable cost!

www.GoldenGateMortgage.org        303-422-8899
Text Box: www.GGMortgage.com

 

 

 

 

Estimated Loan Closing Cost?

First part

0% - 1% Origination Fee (to us)

Appraisal Fee $350 (to Appraiser)

Credit Report Fee (to credit company)

$300 Processing Fee (to us)

We will show you our Rate sheet and you choose your Rate!!!

0%-1% Yield Spread Premium

(this is the fee Lender pays us)

$600-$800 Lenders Administration Fee

(this fee goes to Lender)

Second part

Pre-Paids like:

Insurance & Property Tax for reserve

(these fees goes to borrowers escrow account)

Third part

Title Insurance, Closing Fee, Courier Fee &

Fees for other necessary

forms for Closing

Forth part

State/Local Taxes

-Done-

 

Always Compare our Good Faith Estimate with others!!!

 

 

 

Always ask for your

Good Faith Estimate “GFE”

after your loan interview

By law we must provide you with

GFE

with in 3-days of your loan application

 

Pre-Qualification Documents

We need the following document in original form

- W2’s for the last 2 years

- Last 2 months Bank Statement

- Last 30-days Pay Stubs 

- Other documents if applicable

“Always ask for your originals back”

Good Faith Estimate

Consists of 3 section

1- Closing Cost

2– Prepaids (Hazard Insurance &                

    Property Tax)

3– Title Charges & Legal Fees

Call us for your Mortgage questions. No obligations!

Use our

services

& save                                                             

 

Golden Gate Mortgage

303-422-8899

Al@GGMortgage.com

 

 

 

 

 

 

 

How is Your Credit?

Excellent    750-850

Good         660-749

Fair           620-659

Poor          400-619

Don’t Know?   Call me

303-422-8899

 
Text Box: Good Credit Has Its Rewards The higher your credit score, the less you’ll pay for a mortgage. For example, take the cost of a $200,000, 30-year, fixed-rate mortgage. Here’s a snapshot of what borrowers with varying credit scores nationwide were charged, on average, for this loan on Aug, 05: The difference in cost between the highest credit score and the lowest score eligible for that loan is a whopping $478 a month, or $5,736 a year-which adds up to $172,221 over the life of the loan. To find out what different loans will cost you depending on your credit score and what state you live in call 303-422-8899 or Click on:

Credit   

Score

 

 

720-850

700-719

675-699

620-674

560-619

500-559

Monthly

Payment

 

 

$1,173

$1,189

$1,258

$1,413

$1,542

$1,651

APR

 

 

 

5.793%

5.918%

6.456%

7.606%

8.531%

9.289%

Total Interest

Paid Over

30 Years

 

$222,141

$227,888

$253,008

$308,671

$355,200

$394,362

Do Your Homework Before Buying a Home

Many people dive into homeownership without knowing about resources that could save them a lot of money and time, according to the Department of Housing and Urban Development. We recommend the following:

 

1– Check your credit before a lender (Mortgage  

     Broker or Broker) does. Consider contacting

     three of the nation’s largest credit-reporting

     agencies: Equifax, Experian & Trans Union.

2– Be ready to present documents a lender or

     mortgage broker is likely to request. A

     summary of your monthly expenses,

     employment history, wage history, W-2’s or

     tax returns is a good start.

3– Determine how much home you can afford

     given your income and monthly expenses.

4– Consult with one of our Loan Officers. You

     can call 303-422-8899 or visit our Loan

     Officers Page on this web site.

Golden Gate Mortgage

GoldenGateMortgage

Services

Pre-Qualify Form

Loan Products

Mortgage 101

Neighborhood

Interesting Links

Loan Officers

Cara

Al Nazari

 

A Good Challenge

for comparison

 

After your loan application you will receive a 

Good Faith Estimate.

 

 Ask for my

Good Faith Estimate

from a recent Refinancing on my own house.