Denver Mortgage Lender, Capital Advantage LLC. Your Denver Refinance Professional » Refinance Denver Colorado

Should you consolidate your credit cards

Andrew Hahn — Mon, 22 Mar 2010 16:01:10 +0000

For those who still have equity in your home and are thinking about consolidating dept here are some points to consider when paying off those credit cards and or fixed term loans such as a car loan or unsecured loan. What ever you consolidate into the new loan is going to paid off in the loan term of the new loan, so if you had a car with 3 years left on the term and you refinanced to a new 30 year term that balance just got spread out over that same 30 years. Now on the other hand your payment went down considerably and the the interest on the car payment that probably wasn’t tax deductible you might find yourself deducting it now with your mortgage interest deduction ( not accounting advise you need to talk to your accountant to determine how it would affect your tax situation). Now when considering consolidating credit cards again there are points again to consider like the car the balance you consolidate into a new loan are again spread out over the term of the new loan. Some big differences are that the fixed term on a loan being paid off is done paid in full, now with a credit you pay it off and you can use it again and again potentially running the balance up again with the unintended consequence of not helping but putting you even further in dept. The only cure for this is SELF CONTROL, easy to say hard to do but if followed through can put you back to the road to prosperity. Another option of closing the account sounds good but can be bad for your credit score. When you close a credit card account it hurts your credit score, a factor in determining the credit score is how much credit you have (credit limit) vs. how much credit you’ve used ( credit balance). I’m not sure where the line falls some say when you get over 50 to 60% of used credit it can start to have a adverse impact on your score. It’s hard to determine but it’s like this if you have credit cards that you have close to maxed out that’s not good and well hurt your score. I think that if you can refinance out of a high interest rate to a lower rate you can’t lose, why pay 18%, 21% or more in an interest rate when you can pay 5% . I feel the goal should be to take some of the amount of money you would be saving because of the lower payment and start powering down on the saving account. Here is a great tool for you to use to help determine how long it would take you to payoff a credit card CLICK HERE to go to this website. For those of you who’s interest rate is over 21% it starts to get pretty scary on how long it would take you to payoff a credit card and the amount of interest you would the credit card company.

Now feel free to contact me if you would like an interest rate quote or CLICK HERE to go to my website and fill out a secure online loan application. If you have more questions feel free to contact me and I’ll go over your situation to help you find the best solution for you goals.

Andrew Hahn Capital Advantage LLC a mortgage lending company

I am an independent mortgage broker with over 18 years experience in the mortgage industry.

This is not a website that’s a lead generating website that sells your information to other mortgage companies.

Take advantage of Refinance Program

Andrew Hahn — Wed, 27 Jan 2010 05:21:34 +0000

I can’t stress enough that it is a great time to refinance.

The Home Affordable Program helps those who have a Fannie Mae or Freddie Mac owned loan. This program will help those who owe more than their home well appraise for refinance at todays low rates. If your not sure if your loan is owned by Fannie Mae or Freddie Mac, it’s time to give me a call or CLICK HERE and I’ll help you.

This program actually helps a lot of people, even if you have a second mortgage you still could qualify, you need to check it out. If your current rate is at 6% or above you could potentially save a pretty good amount of money. The higher the loan amount the more you can save; the reason being that certain costs are fixed and on the lower loan amount the longer it is going to take to repay that cost vs. when your loan amount is greater than the savings is more that intern shortens the pay back time of the closing cost insuring value when you consider a refinance. The best way to calculate your savings is to get a Good Faith Estimate and find out what your monthly savings could be and what the time span would be to payoff the closing costs. CLICK HERE to obtain your free interest rate quote and free evaluation to determine if refinancing is right for you. Right now rates are remaining pretty low so nows still a good time to consider a refinance. Another factor to consider when refinancing is what is your time frame in which you plan on living in your property. If you are considering at some point in turning your primary residence into a rental again something to consider is it is a great idea to refinance locking in a long term low rate; now with that though in mind when you refinance your primary residence your really cannot turn that property into a rental property for 12 months. If you where to buy a new property they are going to want to cross reference information to determine this fact, so keep this in mind for future planning. Please leave any comments or questions you may have I’d be glad to address them. If your a Colorado residence and our considering a refinance please give me a call or email me I’d be glad to give you a free mortgage consultation to determine if refinancing makes sense for your situation. Andrew Hahn your Denver refinance professional; located in Commerce City Colorado serving Denver and the Metro area.

Andrew Hahn Mortgage professional for over 18 years, helping refinance in Denver and the Front Range; licensed in the State of Colorado.

Refinancing Investment Properties

Andrew Hahn — Thu, 21 Jan 2010 03:15:27 +0000

One area I haven’t seen much on is the refinancing of investment properties.

For everyone who has investment properties you need to know; The making home affordable program works for you too. Even if your underwater and your property value is less than what you owe you can still refinance up to 105% and in some cases up to 125%. Please visit my business website CapitalAdvantageMortgage.com or leave me Andrew Hahn a comment so we can determine what you qualify for. This is a great opportunity to take advantage of these low interest rates. I’m Andrew Hahn and My company is Capital Advantage LLC. a Mortgage Lending Company. I have over 18 years experience in the mortgage industry. When looking to Refinance your properties located in Denver and the front range Give me a call 303-331-8040 or you can go to my business website and fill out a secure loan application. This program for investment properties is very similar to the program for primary residences, although there are a bit more hoops to go through and the documentation is more cumbersome it well worth it in looking to lock up long term money at these interest rates on income property. A must look at for all those with rental properties.

From Andrew Hahn its free to ask and could save you 100′s call me

Denver refinancing expert Andrew Hahn helping people take advantage of the government programs that can help people save money and take advantage of today’s low rates.

Andrew Hahn and the HARP Refi Program

Andrew Hahn — Sat, 16 Jan 2010 00:07:27 +0000

Andrew Hahn President of Capital Advantage LLC. a Mortgage Lending Company located in Commerce City Colorado Serving Colorado and the Denver Metro area.

THIS IS A PROGRAM EVERYONE NEEDS TO CHECK INTO

As I pointed out in my earlier Blog about the Home Affordable Refinance program. There is another major positive aspect about this program that make it one of the few programs the government has put out there for people to take advantage of. As I stated before this program allows you to refinance even if your loan is up to 105% of the value of you property and when you refinance with this program your Mortgage Insurance remains at the same level it was before the refinance. This means that if your current loan doesn’t have mortgage insurance that if you go over 80% you do not need to obtain mortgage insurance on the new loan. This is huge because the mortgage insurance always adds so much to the payment in some cases when you add mortgage insurance it negates the savings. If you have mortgage insurance now you would be required to obtain the same level of mortgage insurance that you currently have, so if your MI premium was at 85% your premium would be the same, its like your paying it now so your used to paying it but could refinance at the lower rate and still realize the saving created from the new refinance (they were thinking right when they made this program) real help and real savings. You all need to check into to this program, there are many who don’t understand or think that there is actually a program that can help them out. If your not sure; you need to ask. You can always call and ask. Andrew Hahn: president Capital Advantage LLC. Mortgage lending. Or visit my business website at Capitaladvantagemortgage.com.

I never hurts to ask and that’s free. If you are eligible for the program you could realize 30 years or so of savings

APPLY HERE

HARP gov. program for Denver Refinancer’s

Andrew Hahn — Wed, 13 Jan 2010 22:25:18 +0000

Andrew Hahn here President of Capital Advantage LLC.a Colorado Mortgage Lending Company since 1991. I want to urge all those who obtained a conventional mortgage 18 months ago or older that you may qualify for for the Government HARP Program which stands for HOME AFFORDABLE REFINANCE PROGRAM. this is really one of the best programs out there that helps home owners. As I am a licensed Mortgage Broker in the state of Colorado I provide my services to home owners located in Colorado and the Denver Metro Area. The information I provide regarding HARP includes all, as this is a national program. First of all this program is aimed at those people that have conventional loans through Fannie Mae or Freddie Mac. Your loan can be an ARM or an interest only loan and you can still refinance to a fixed rate loan; it’s a great deal, now is the time to roll out of that loan with the uncertainty of there futures into a loan that can get you through the next 30 years if need be. Now if your not sure if Fannie Mae or Freddie Mac owns your loan you can go to their website and input your address and it well tell you if they own your loan; this works most of the time but there are some instances where it doesn’t work. The best and easiest way to find out who owns your loan is to call the loan servicer who has to tell you. Once you have found this out you now know if this program well work for you. If you want you can contact me Andrew Hahnand I’ll be glad to help. The best part of this loan is it allows you to take advantage of today’s low rates even if your property is worth less than what you owe ( as though as that sounds, I think we all want to keep our homes). Most lenders now when refinancing the first mortgage well go up to 105% some well go up to 125% under certain circumstances. Get ahold of me and I’ll help you determine which Loan to Value you qualify for. Now we are only talking about the first mortgage, remember up to 105%, now if you also have a second mortgage you still qualify for the refinance but if you have a second mortgage they well need to step behind the new mortgage this is called a subordination. At first second mortgage companies were not helping out here but after some time most have come to their senses and are allowing the new first (since it is lowering your total payments what took so long for them to figure this out). Usually the second mortgage is going to want a copy of your loan application, an appraisal and a few other documents so they can make a decision if they well subordinate or not and as the way it goes the generally want some money upfront to process the request. USAA is free and subordinates most of the time. I have seen the fee anywhere from $50.00 to $300.00 (it depends on your lender). And again this is something I can help you with. If you are considering refinancing and live in the Denver Metro area please give me a call and we can set up an appointment so I can go over your options and give you an interest rate quote.

From Andrew Hahn at Capital Advantage have a great day and don’t miss this opportunity to take advantage of a good government program that allows you to take advantage of these low rates. Don’t wait to long the consensus is is that rates are on the way up.

CLICK HERE to go to my secure online application

Denver Mortgage Lending in Colorado

Andrew Hahn — Sun, 10 Jan 2010 23:39:35 +0000

Denver Mortgage Lending is a Blog that’s been created by Andrew Hahn President of Capital Advantage LLC. A residential mortgage lending company located in Commerce City Colorado which is on the North Metro side of Denver Colorado. Capital Advantage LLC. mortgage is proud to announce that we are now working with business associate Steve Kal, President of Capitol Financial who is located in Denver Colorado offering Commercial Real Estate Lending. Steve Kal has over 26 years in Commercial Real Estate Financing. Capitol Financial Center (CFC) is a premier arranger of debt, equity and joint venture capital for commercial real estate developers, owners and investors. As an experienced, proven and independent intermediary, we partner with a broad and deep network of mezzanine lenders, equity investors, life insurance companies, savings and loans, pension and trust funds, banks and private investors. This is a welcome edition allowing Capital Advantage to offer Commercial Real Estate Finance. Andrew Hahn feels this is a valuable addition with Steve Kal’s many years of experience and proven track record in Commercial Real Estate Finance.

As a Residential Mortgage Lender Andrew Hahn works with first time home buyers as well as investors looking to take advantage of today’s current real estate market. Helping to educate today’s borrowers as to all the new changes that are continually taking place in today’s challenging market place. Whether looking to purchase or refinance Andrew Hahn Provides superior Customer serve combined with the lowest rates the market has to offer. If you live in the Denver metro area and are considering Refinancing Capital Advantage mortgage will provide fast and reliable service. Consider Andrew Hahn your best source for all your Real Estate Financing needs and now providing both Residential and Commercial Financing. Colorado’s Best choice for Real Estate Finance.

Capital Advantage LLC. a mortgage lending Company Capitaladvantagemortgage.com

Andrew Hahn with over 18 years experience in residential mortgage finance

Andrew Hahn Refinance 2010

Andrew Hahn — Mon, 04 Jan 2010 20:11:57 +0000

Well here we are, 2010 a fresh new year our chance to end the old and start the newAndrew Hahn your real estate finance specialist here dusted off and ready to get rolling in the New Year. Refinancing in Denver, Refinancing in Colorado and refinancing for all of us, refinancing is going to be a bit different for not just us in Colorado but for all across our nation. Due to all the changes made to our industry over the past couple of years and a major changes that have taken place at the start of this new year; the new GOOD FAITH ESTIMATE,(the biggest) mortgage lending is different. I feel some changes are good and some in the long run are going to hurt you the borrower. As it is they are here to stay, what you as borrowers need to know is that is going to take more time and that more importantly time lines that can require re-disclosures, and with those re-disclosures can come new time lines that can delay closings; especially in the case of Purchase contracts can effect the dates within your contract. It is important that the mortgage process be explained and where and what the issues are that can change the dates of your contract. Whenever there is a change of terms in your contract, such as price due to variations caused from an appraisal or inspection can create the need to re-disclose the good faith, on the re-issuance of the good faith you need to wait a minimum of 3 days when ever the good faith is reissued. This is just one example of a change that can effect you. If you are Considering financing in the state of Colorado I would like to be your Mortgage professional to help guide you through the new mortgage process. If you are located in Denver or the Front Range give me a call 303-331-8040 so we can set up an appointment I would be glad to meet with you. You can always leave me a comment and let me know the best way and time to back with you. ( I well not publicize your comment if you are communicating with me direct). Or you can visit my business website Capitaladvantagemortgage.com and to get to know me on a personal basis visit my personal website Andrew-Hahn.com. If you would like me to answer any of your questions please send me a comment and let me know how i can help you or answer a question that you might think would help all. I’m Andrew Hahn your mortgage professional located in Commerce City Colorado; a licensed mortgage broker in the state of Colorado doing business in the entire state of Colorado. Contact me for your Refinancing needs or your Real Estate Purchase. Have a wonderful New Year from Andrew Hahn

HUD Simplifies Good Faith Estimate

Andrew Hahn — Mon, 28 Dec 2009 23:32:05 +0000

Here we go the Government and HUD Simplifies Good Faith Estimate so the people who are obtaining a new loan can more easily understand the fees and costs associated with refinancing or purchasing a home. Although I am a Mortgage Broker located in Commerce City Colorado and does Business in the state of Colorado this affects everyone who is obtaining mortgage financing. What once was a 1 page document that the mortgage professional would use to explain the costs and the breakdown of the transaction the would actually show the borrower what his payment would be (Principal, Interest, Taxes and Insurance) and an estimate of what they would need to bring to closing (pretty nice to know) has now become a 3 page piece of paper that is given to the borrower. To sum this up the new 3 page form it takes a 29 page power point presentation to explain CLICK HERE TO SEE go down to RESPA Plain English (you gotta love it)and you can download this 29 page presentation that explains the new easy to understand 3 page document that replaces the old 1 page document. This is the description of the form and its inputs. Now once you have gone through this you now need to go to the New RESPA rule FAQ’s (51 pages and i understand the updated version is 80 plus pages) to find answers to the many unanswered questions that helps define the meanings and clarifications on how to complete this form. Here is an example of one of the FAQ’s; 9. Q: The definition of ―Origination service does not explicitly include all of the services provided by mortgage brokers in the definition of ―Settlement services. Are all ―Settlement services considered ―Origination services?
A: No, all ―Settlement services are not considered ―Origination services. However, all ―Origination services are ―Settlement services. AND THIS is to help everyone more clearly understand the new good faith. I have taken several classes on the required new forms so that I can be able to explain this new good faith estimate, Which I know a can do, the major difference is that with the old document I could very thoroughly go over this document and explain all the fees involved with your loan request in about 2 to 5 minutes depending on the questions you might have had. Unfortunately with the new 3 page form its going to take a bit longer and I feel still well not be as clear by the use of just this form. It does not show anywhere on the form what your estimated total payment would be; it only shows you what your Principal, Interest and *Mortgage Insurance would be *( if any) nowhere does it reflect what your Principal, Interest, Taxes and Insurance would be. Another equally if not confusing aspect of this form is, is that for purchasers it includes all the fees whether paid by seller or buyer and does not show who pays for what, giving the appearance that the borrower would need to bring all the costs to closing. Because of the confusion and unclear breakdown of the fees and the lack of a breakdown of who is to pay those fees, this new 3 page document has really created the need to create several new forms that can more adequately reflect what the estimated payment would be and to also show to the borrower what they could expect to bring to closing on a purchase. For those of you purchasing home both borrowers and Realtors make sure you talk with your mortgage professional to get a thorough explanation about the new Lending process. This is only a brief explanation on a few points about the NEW GFE there are also time lines that affect this form as well as what to do when there is a fundamental change to the loan request but also how changes to the GFE in turn affects the Truth in Lending Document that has its own guidelines and disclosure time lines as well.

Please give me a call or an email to help further explain the new process

Andrew Hahn 303-331-8040 or ask your question via the comments section or Visit my Business website Capital Advantage LLC.

Welcome to the new world of mortgage finance

Mortgage Company Advertising Exposed

Andrew Hahn — Thu, 17 Dec 2009 20:02:05 +0000

Take this in to mind when your looking to refinance. For the most part the greater majority of mortgage advertising has gone away. For those that are still around advertising and promoting their business’s with their website promotions; it amazes me the that they are still using those old get a free appraisal or apply online line and get the online discount. The way I have always run my business at Capital Advantage LLC. is to be honest with my clients and offer the best rate and the lowest actual fees the market has to offer. I am an independent mortgage mortgage broker located in Commerce City Colorado that specializes in Real Estate Finance in the State of Colorado. I provide mortgage loans for refinance and for purchase. I’m dedicated to providing you the best service combined with the honesty and integrity you deserve. Let my 18 years of experience help you achieve your real estate financing goals.

Andrew Hahn President of Capital Advantage LLC a residential and commercial mortgage lender.

Click here to go to my business website Capitaladvantagemortgagelending.com

Special Refinance Program DON”T WAIT

Andrew Hahn — Fri, 11 Dec 2009 17:18:17 +0000

Home Affordable Refinance Program

I’m Andrew Hahn President of Capital Advantage Mortgage; I specialize in Refinancing in Colorado as well as Denver Refinancing and the entire Front Range. I am Licensed, Bonded and Insured in the State of Colorado. Although my primary Business in Colorado the information I provide can help all.

The special program I talk about is designed to help those who owe more on their home than it is worth, ALSO those who have current loans on their homes that just want to take advantage of today’s low rates and have High Loan To Values (LTV). This program allows you to qualify for the lower rates and does not punish you for credit score as do other loan programs. One of the many benefits of this loan program is that if you do not currently have mortgage insurance you well not need to get mortgage insurance if you go over 80% LTV. DON’T Miss out on today’s low rates and don’t wait as rates are starting to go up. If you are considering a refinance now is the Time. In order to qualify for this loan it must be a Fannie Mae or Freddie Mac loan. Call me or email me and I’ll help you find out if you qualify for this program. When considering a refinance in Denver or anywhere in Colorado for a free mortgage analysis contact me Andrew Hahn for personalized and professional service. I’ll be able to go over all your options to obtaining the best mortgage program with the most competitive rates the market has to offer. Please CLICK HERE to fill out a secure online application or if you would prefer call me and we can discuss your loan Andrew Hahn 303-331-8040

Andrew Hahn has over 18 years in the mortgage industry specializing in Mortgage Refinance in Denver and the State of Colorado.