The total cost of your mortgage transaction has three components:

  1. Rate
  2. Points/Origination fee
  3. Closing costs

All of these charges are clearly itemized on a mortgage quote that can be provided by every loan officer. Request mortgage quotes on the same day from all lenders you are considering, because rates change frequently. Compare the quotes on the basis of rate, points/origination fee, and closing costs.

*If you choose to buy down the rate by paying a discount point, calculate how many months it takes to recoup the extra closing costs by dividing the cost of the discount point by the monthly savings.

The last thing to check is the APR. (Annual Percentage Rate) If the APR is significantly higher than your interest rate, this indicates a large amount of fees.

To avoid hidden costs, be sure the quotes you gather include figures for points/origination fee, closing costs and APR. Then it becomes an easy math decision. Don't be surprised if loan costs differ by thousands of dollars.

At LendingCorp.com, we put borrowers in the driver's seat to get the best deal!

To receive a Colorado mortgage quote, click here.

 

Our Mortgage Rates

Today’s Rates effective as of , .
Home Purchase Rates*
Rate APR
30-year fixed / 0 discount points
30-year fixed / 1% discount point

*Based on a conventional 30-year fixed mortgage at 75% LTV with a 780 credit score for an owner-occupied, single family residence. 30 day lock period. The monthly principal & interest payments are and respectively. There is no escrow account for taxes and hazard insurance. Rates can change at any time. Subject to borrower approval.

Receive a Rate Quote Now

Call/text 303-949-7000

An Equal Housing Lender
A+ Rating
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LendingCorp.com, Inc.
303-949-7000

Colorado Mortgage Originator License: NMLS 460275 / 232720

LendingCorp.com, Inc.
303-949-7000

An Equal Housing Lender
A+ Rating
Click for the BBB Business Review of this Mortgage Brokers in Denver CO

Colorado Mortgage Originator License: NMLS 460275 / 232720