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Conventional Loans

Posted in: Conventional Loans
By Taylor Mortgage Group

For more information about Conventional Loans contact us at the Taylor Mortgage Group, LLC at 303-339-5950 or Janie Taylor direct at 303-884-9393!

Conventional Lenders really like a high down payment and high credit but sometimes they will grant a loan to someone with a low down payment and high credit. This would typically be a 30 year fixed rate loan. Your interest rate will be lower the higher your credit score is. Your terms will also change depending on your down payment. Insurance protects the lender in case of default. With less the 20 percent down, you are a bigger risk to the lender. If you have a low credit score but still qualify for the loan, you will have a higher rate than someone with a higher credit score. However with a large down payment, you may be able to avoid private mortgage insurance (PMI).

   

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Taylor Mortgage Group, LLC

Phone
303-884-9393
Fax
 
720-306-3813

Click Here to Email Us


CO  License:  100013875
NMLS: 385946
Regulated by the Colorado Dept. of Regulatory Agency



Click for the BBB Business Review of this Mortgage Brokers in Elizabeth CO

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