Adjustable-rate mortgage (ARM): The mortgage-payment rate and loan payments vary. With these mortgages, interest rates start lower than with a fixed-rate mortgage, but then become variable. At specific intervals (typically every year), a lender adjusts the rate up or down as interest rates fluctuate.
Annual percentage rate (APR): The annual cost of a mortgage. APR is […]
Before deciding on what terms they will offer you a loan (which they base on their “risk”), lenders want to know two things about you: your ability to pay back the loan, and your willingness to pay back the loan. For the first, they look at your income-to-debt obligation ratio. For your willingness to pay […]
If you search for “bi-weekly mortgage” with an Internet search engine, you will be overwhelmed by the number of companies offering “Bi-weekly Mortgage Reduction Services” or “Bi-weekly Savings Programs.” Beware, you are entering dangerous waters.
Beware of Bi-Weekly Mortgage Reduction Services and Savings Programs
These “Reduction Services” and “Savings Programs” are charging you fees to “make a […]
Your Role in the Home Buying Process
1. Get to know your Stanford Home Mortgage Loan Officer.
How do I choose a Loan Officer?
The Loan Officer has a very important role in this transaction and should be able to rise to the occasion to get you a loan. You want to find a Loan Officer […]
Which refinancing option is best for you?
There aren’t quite as many loan programs as there are borrowers, but it seems like it sometimes! We’ll work with you to qualify you for the best loan program to fit your needs. But there are some general considerations you can have in mind in advance.
Are you refinancing primarily […]
It’s a big step when you decide to buy a home or refinance a mortgage. At Stanford Funding, you can count on us to find the mortgage loan program that’s right for you.
Buying a new home can be a source of anxiety and frustration as well as a huge sense of accomplishment. You didn’t […]
1. Who should I contact regarding loan status questions?
Please contact your loan officer for all questions and updates. If he/she is unavailable, please leave a message and somebody will get back to you as soon as possible.
2. How long will it take to be approved?
Normally, your loan will be approved within two weeks of your loan […]
Stanford Funding offers a complete line of mortgage loan programs. We pride ourselves on finding the right one to meet your specific needs. Talk to one of our loan specialists today for the best programs, rates and services.
Stanford Funding
1115 Broadway, Suite 204
Denver, CO 80203
tel. 303-458-8200
email: Mortgage Loan Info
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