Aspen Financial Group, Inc. - Home Mortgage in Colorado

Aspen Financial Group, Inc.

Toll Free: 1-877-57-27736

Aspen Financial Group, Inc. understands the complexities of financing your home. Our loan counselors and technology enable us to provide fast answers to all your financial questions.
Our loan officers have over thirteen years combined experience in mortgage origination.

Aspen Financial Group, Inc., founded in 1994 and based in Denver, Colorado, specializes in 1st and 2nd mortgages in the state of Colorado. Our loan officers are trained in the latest mortgage technology to get you approved as fast as possible. Our goal is to match your needs with the perfect financing scenario through our extensive list of over 100 lenders.

Loan Programs

Choosing a Loan Program
The right type of mortgage for you depends on many different factors.

Conventional and Jumbo Loans
Conventional loans are secured by government sponsored entities or GSE's such as Fannie Mae and Freddie Mac.

Subprime Loans
Programs for those that have less than perfect credit.

FHA Loans
Programs that help low and moderate income families become homeowners by lowering some of the costs of their mortgage loan.

VA Loans
Loan programs available to those who qualify by military service.

Second Mortgages and Home Equity Lines of Credit
Loan programs to take advantage of the equity in your home.

Fixed Rate Mortgages
A loan program where your monthly principal and interest payments never change.

Adjustable Rate Mortgages (ARMs)
These loans generally begin with an interest rate that is 2-3 percent below a comparable fixed rate mortgage, and could allow you to buy a more expensive home.

Introductory Rate ARMs
Most adjustable rate loans (ARMs) have a low introductory rate or start rate, some times as much as 5% below the current market rate of a fixed loan.

Standard ARMs and the Differences
Various types of adjustable rate mortgages.

COFI Index
This index is used to determine the interest rate for some types of ARMs.

LIBOR Index
This index is used to determine the interest rate for some types of ARMs.

Balloon Mortgages
Balloon loans are short term mortgages that have some features of a fixed rate mortgage.

Interest Only Loans
“Interest only" products are an easy way to save money and a very popular alternative to traditional fixed rates but they are not without risk. An "Interest Only" loan can offer consumers greater purchasing power, increased cash flow and a number of other benefits which are listed later in this article.

Graduated Payment Mortgages (GPMs)
The GPM is an alternative to the conventional adjustable rate mortgage, and has a fixed note rate and payment schedule.

Interest Rate Buydowns
The most common buy down is the 2-1 buy down. In the past, for a buyer to secure a 2-1 buy down they would pay 3 points above current market points in order to pay a below market interest rate during the first two years of the loan. At the end of the two years they would then pay the old market rate for the remaining term.

Reverse Mortgages
A reverse mortgage is a special type of loan made to older homeowners to enable them to convert the equity in their home into cash.

Commercial Loans
Loan programs for commercial and investment properties.

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