Home Refinancing Durango CO

Homeowners can apply for home refinancing, meaning they can get an entirely new mortgage on their home. This can be advantageous when mortgage interest rates fall below what they were when the original mortgage was taken out. This will result in lower payments and savings over the entire life of the loan. But homeowners must meet certain criteria before they can refinance; homeowners’ credit file will be reviewed, and a title report along with a report on liens on the property will be done, among other things, when the homeowner is going through the application process.

Lenders Association Inc
(856) 778-7500
230 E 6Th Ave
Durango, CO
 
The 1st National Bank of Durango
(970) 259-4636
259 West 9th Street
DURANGO, CO
Services
Mortgage Brokers

Home Mortgage Capital
(970) 375-0107
125 East 32nd Street
DURANGO, CO
Services
Mortgage Brokers

Quality Home Lending
(970) 382-8564
2507 Delwood Avenue
DURANGO, CO
Services
Mortgage Brokers

Western Home Mortgage
(970) 382-5950
1315 Main Avenue Suite 221
DURANGO, CO
Services
Mortgage Brokers

Primesource Mortgage
(970) 375-0195
121 E 10Th St
Durango, CO
 
Key Mortgage Group
(970) 382-2590
1053 Main Avenue Suite 106
DURANGO, CO
Services
Mortgage Brokers

First National Bank Of Durango
(970) 247-3020
259 W 9th St
DURANGO, CO
Services
Mortgage Brokers

Wells Fargo Home Mortgage
(970) 259-0104
200 West College Drive
DURANGO, CO
Services
Mortgage Brokers

Animas Mountain Mortgage
(970) 385-0688
555 Rivergate
DURANGO, CO
Services
Mortgage Brokers

Opinion Corner
People in Colorado shared their opinions about Home Mortgage
Do you own or rent a home?
Own: 71%
Rent: 28%
Other: 0%
The recent credit crisis seems to have affected everyone. How has it affected you?
I have lost my home: 8%
I have had to downgrade my home: 0%
I am living paycheck to paycheck: 47%
I have eliminated some of my expenses in order to keep my home: 17%
It has not affected me: 21%
Other: 4%
What is the value of your house in relation to your outstanding mortgage?
I am in the red: 28%
I have some equity in my home: 57%
I own my home outright: 4%
I have no idea: 9%
Other: 0%
Have you been able to take advantage of the lower interest rates and refinance your mortgage?
Yes: 45%
I have tried but have not been successful: 35%
No: 20%
Have your savings/retirement funds been affected?
No, haven’t touched my savings/retirement: 26%
Yes, they were slightly affected: 30%
Yes, they were significantly affected/drained: 43%
Source: Survey.com