Colorado Fixed Rate Mortgages

Looking for a Fixed Rate 15yr or 30yr mortgage in Colorado?, well then you have come to the right place!

The most common type of mortgage program here is Colorado where your monthly payments for interest and principal never change is the Colorado Fixed Rate Mortgage. Property taxes and homeowners insurance may increase, but generally your monthly payments will be very stable with this particular loan product.

Colorado Fixed-rate mortgages are available for 30 years, 20 years, 15 years and even 10 years. There are also "bi-weekly" mortgages, which shorten the loan by calling for half the monthly payment every two weeks. (Since there are 52 weeks in a year, you make 26 payments, or 13 "months" worth, every year.) This is a great option for people who want to get principal down here on the area.

Fixed rate fully amortizing loans in Colorado have two distinct features. First, the interest rate remains fixed for the life of the loan, the life of the loan depends on what loan product you want to use for you purchase here in Colorado. Secondly, the payments remain level for the life of the loan and are structured to repay the loan at the end of the loan term. The most common fixed rate loans are 15 year and 30 year mortgages.

During the early amortization period, a large percentage of the monthly payment is used for paying the interest . As the loan is paid down, more of the monthly payment is applied to principal . A typical 30 year fixed rate mortgage takes 22.5 years of level payments to pay half of the original loan amount. If you would like more information please call us toll free 855-529-5222

Call 24hrs a Day 7 days a week, someone will always be available to assist in your home purchase here in Colorado.

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