Michael Shotnik's Blog

We are continually seeking experienced Loan Originators who want to run their own business through our highly rated branch with in-house processing and marketing.   For more information, please visit: https://www.co-mortgage.com/loan-originator

The Fair Credit Reporting Act mandates that the three credit reporting repositories allow consumers free access to their credit reports once every 12 months. The official website established for this is AnnualCreditReport.com.   As you may know, some sites claim to be free but end up costing you....

Mortgage rates improved today, and this is the perfect time to lock before rates increase and likely won't come down: http://www.mortgagenewsdaily.com/consumer_rates/360061.aspxSummer is the busy season for home buying, and while Denver may feel like a limited inventory area, we know Real Estate ...

New - 10% down Jumbo loan!As Conforming products continue to tighten, Jumbo programs are making a comeback!   We now offer a Jumbo loan that only requires a down payment of 10%... No more first and second mortgage combos. The Jumbo is one loan that we process, underwrite and fund in-house with o...

If you have relocated to the U.S., have a job, social security number, and are ready to buy a home, how do you build a credit score? Get a Secured Credit Card: A secured credit card is just like a “regular,” or unsecured credit card, only you are required to put down a security deposit – typical...

The EconomyTo help understand the impact of Friday’s monthly jobs report – Employment gains usually imply rising rates, and weak numbers typically provide rate relief.Full Economic News Release from The Bureau of Labor StatisticsTension in Ukraine shows how geo-political events can impact rates....

Most people vaguely understand what refinancing means: Replacing an older loan with a new loan offering better terms.The reasons behind refinancing and the ways it can benefit home-owners are varied. Common reasons for refinancing: Get a lower interest rate Shorten the term of a mortgage Consoli...

Millennials have changed the way homes are being bought and the future of real estate trends.A Millennial (a person born in the 1980s or 1990s, referred to as Generation Y), has not grown up in a world without cell phones or where computer usage wasn't the norm for the average person.As discussed...

Especially for a first-time home buyer, it’s important to know what actions can help or hurt you in your search for a house.  DON’T:  Buy large purchases or luxury items Switch jobs Change bank accounts or move cash around Don’t give earnest money to the seller Click here for detailed info on ea...

We're looking for a limited number of experienced loan officers who want to improve the product they offer. At Colorado Mortgage we allow you to run your business, period. We are a purchase-focused mortgage bank with a solid Colorado brand, multiple service awards and solid working relationships ...