Let Us Help You Buy Your New Home!
Purchasing a home is a very exciting time, and being well
prepared will help you make better decisions. Take this
opportunity to learn more about home buying and the mortgage
process. Below and throughout this site you will find
information that will help you with the purchase of your new home.
Am I ready to buy?
Buying a home offers many advantages, one of the most
significant being that it allows you to build equity (ownership)
when you pay your mortgage each month. A common myth is that
monthly mortgage payments are more expensive than rent. But,
in many cases, mortgage payments can be even less than rent.
When considering home ownership for the first time, you need
to decide whether buying makes financial and practical sense
for you right now or if you are better off renting. Consider
both the advantages and disadvantages to renting as well as
buying, and weigh the pros and cons for your situation.
How much house can I afford?
The first step toward finding the right home is to
quickly compute your purchasing power and determine how
much you can afford to pay each month. This saves you
time by allowing you to focus on homes in your price range.
In addition, in the planning stage, you should consider both the up-front and ongoing costs associated with purchasing a home.
Some up-front costs include:
Down payment: Typically ranges from 3-30% of
the cost of the house. The more you can put down, the
greater equity you will have in your home and the lower
your monthly payment will be. For down payments less than
20% you may also need to pay mortgage insurance.
Closing Costs: Typically range from 2-6% of the
loan amount depending on your area.
On-going Costs: Your housing costs can include the following:
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Monthly mortgage payment
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Homeowners insurance
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Mortgage Insurance
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If applicable - Flood Insurance
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If applicable - Property taxes
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Utilities
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Maintenance
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Our Happy Clients
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Hi Larry, Thanks for everything Peak Mortgage and you for done for me this year! With both the Investment rental property and Primary refinance, I can say that Peak has had the most impact on my 2021!
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I want to take a moment to thank you and the team for helping me with the refinance of our properties. Thank you so much for all the help you provided to close this loan; I truly appreciate it! I will continue to recommend Peak Mortgage to my friends who as looking for Refi in the Greater Denver area.
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Larry, I could not formally say thank you for your efforts in getting my loan closed. Was busy with moving and other related things. Here I go, A VERY BIG THANK YOU to both of you for ensuring my transaction closed as smoothly as possible. I really appreciate working with you guys. Thanks again.
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This is really an amazing journey for me and for my wife with you on this process. I really felt working with an industry expert who guided us through out all the phases in re-financing. Thanks for your service to us Larry.
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Hey Larry and Jennifer, We managed to successfully close the property yesterday without any issues. Huge Thanks to both of you for all the effort and follow-up with the lender esp the last few days !!! I couldn't have done it without you.
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"My experience in working with Rich was nothing short of excellent! I found him to be knowledgeable in his work as well as providing the highest level of service and satisfaction that was possible. I will always use Rich for my mortgage needs and will refer him to everyone that I know for their mortgage needs. Thanks so much!"
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"I have worked with Rich for many years for financing and refinancing my properties. Rich always has the best rate and services. Greatly appreciated,"
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"Larry, Closing completed successfully. I like to thank you both again for a smooth sailing through the loan process. You are awesome! Thanks,"
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"Hi Larry, Thanks a lot for your help and support in closing the property. It was the best loan application experience I had compared to my previous one when I bought our first home in CO. Thanks again,"
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"Thanks Larry-You’re one of those special people that doesn’t just work for the money. Obviously you get inner rewards for helping people out and I really appreciate it. Stay in touch."
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"Thank so much for all of your help. You’ve made this very easy and can use me any time as a reference. Thank you"
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"Hi Larry, I got a call from a lady who wanted a reference for you. I told her you are the best darn mortgage guy this side of the Mississippi. Hope all is going well. Take care!"