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

Appraisal Fee

Credit Report Fee

$200 Processing Fee

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

0%-1% Yield Spread Premium

(this is the fee Lender pays GGM)

$400 - $500 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

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.