Real Estate in Montrose & Ridgway by Jason Millward Real Estate Consultant

15 vs. 30 Year Mortgage

Posted by Jason Millward on May 03, 2019 in  Mortgage Loans  Types of Mortgage Loans
15 Year vs. 30 Year Mortgage   The 30-year mortgage is the most common among home buyers and for a good reason; lower monthly payments.  The high prices of homes force most to spread out those payments over the longest term possible.  It would not be smart to put yourself in a situation where high monthly payment can put a burden on your living and savings accounts. With that said, a 15-year mortgage may be right for you if: ·         You ... read more

Know Before You Owe

Posted by Jason Millward on April 20, 2018 in  buying in Montrose Colorado  Mortgage Loans
Know Before You Owe!   This rule was put into place to help consumers understand the loan terms and costs by requiring lending companies to provide certain mortgage disclosures. Not only does this rule require new disclosure forms but it changes the way transactions are processed and closed and could delay closing if you, your lender, and real estate agent are not careful.   Some of the rules include: ·         You will receive a loan estimate no later t... read more

Mortgage Loan Checklist

Mortgage Loan Checklist
Posted by Jason Millward on November 10, 2017 in  buying in Montrose Colorado  mortgage loan checklist  Mortgage Loans
To make the home buying process as straight forward as possible here is a link to a Mortgage Loan Checklist.   Check it out if your thinking of applying for a mortgage.Montrose Colorado is the hub of South West Colorado!  If you’re thinking of buying or selling in the area, find out more info here:  Montrose Real EstateThanks for reading,Jason MillwardRealtorReal Estate Investor P.S.  I am also a Real Estate Investor and invest in multi-unit properties from duplexes to ... read more

Applying for a Mortgage

Posted by Jason Millward on October 19, 2017 in  applying for a mortgage loan  buying in Montrose Colorado  Mortgage Loans
Applying for a MortgageWhen starting to think about purchasing a home, it’s a good idea to start creating that relationship with your local lender.  Find out what the requirements are to successfully get that mortgage for the specific type of property you will be searching for.  Make any needed adjustment to your credit, income or expenses.  And finally create a loan proposal package with all the information required by the lender.First of all, a lender will look at your debt to income ratio (D... read more

Benefits of Bi-Weekly Mortgage Payments

Bi-Weekly Mortgage Payments
Posted by Jason Millward on August 19, 2017 in  buying in Montrose Colorado  Mortgage Loans
Check out the video HERE.The Benefit of Bi-Weekly Mortgage Payments Mortgage payments are usually paid on a monthly basis by default.  Bi-weekly payments can have a benefit of paying off your mortgage faster.  By paying on a bi-weekly basis, you’re paying half your monthly amount once every two weeks instead of once a month.  There are 52 weeks in a year, so that would be 26 bi-weekly payments.  When doing the math and comparing to the usually monthly payments, when on the bi-weekly sched... read more