Selecting the Right Mortgage Plan with Justin Crowley at First Western Trust Mortgage

Selecting the right mortgage plan is crucial for achieving your homeownership goals while maintaining long-term financial stability. Justin Crowley at First Western Trust Mortgage is dedicated to helping you navigate the options and find the best mortgage solution for your needs in Colorado.

Evaluate Your Financial Situation

The first step in selecting the right mortgage plan is reviewing your financial situation. Justin will help you assess your income, credit score, debt-to-income ratio, and savings to determine what type of mortgage is available to you. If your credit score is strong, you may qualify for lower interest rates. If your credit needs improvement, Justin can provide advice on how to boost your score before applying.

Determine Your Homeownership Goals

Your goals and timeline for homeownership will help shape the best mortgage plan for you. Whether you’re a first-time buyer or investing in a second property, Justin will help you select a plan that aligns with your long-term objectives. If you plan to stay in the home for a long period, a fixed-rate mortgage might be ideal for stability. Alternatively, if you plan to sell or refinance within a few years, an adjustable-rate mortgage (ARM) may offer lower initial rates.

Compare Mortgage Products

First Western Trust Mortgage offers a range of loan products, including:

• Conventional Loans: Standard loans with flexible terms and competitive rates.
• FHA Loans: Ideal for first-time homebuyers with lower down payments.
• VA Loans: Excellent benefits for veterans, such as no down payment requirements.
• Jumbo Loans: Designed for homes that exceed conventional loan limits.

Justin will help you compare the benefits of each product and guide you toward the loan that suits your financial situation.

Review Loan Terms and Interest Rates

A key consideration in selecting a mortgage is choosing the right loan term and interest rate structure.

• A 15-year mortgage results in higher monthly payments but saves you money on interest over time.
• A 30-year mortgage offers lower monthly payments but accumulates more interest over the life of the loan.

Justin will help you weigh the pros and cons of each option, ensuring the choice fits your budget and long-term plans.

Consider Additional Costs

When selecting a mortgage plan, it’s important to account for other expenses, such as:

• Property Taxes
• Homeowner’s Insurance
• Closing Costs
• Private Mortgage Insurance (PMI) (if your down payment is less than 20%)

Justin ensures you fully understand these additional costs so you’re financially prepared for homeownership.

Customized Mortgage Solutions

At First Western Trust Mortgage, Justin tailors mortgage solutions to your individual needs. He takes a personalized approach to help you find the best mortgage plan that aligns with your financial goals, offering guidance every step of the way.

📞 Get Started with Justin Crowley

To find the best mortgage plan for your needs in Colorado, contact Justin Crowley at (970) 407-3104 today.

Improve Your Credit Score with Justin Crowley at First Western Trust Mortgage

Improving your credit score is essential to securing better mortgage rates and terms. Justin Crowley at First Western Trust Mortgage provides expert guidance to help you enhance your credit score, ensuring you’re in the best financial position when applying for a mortgage in Colorado. Leveraging tools like Middle Credit Score® can also help optimize your credit profile, making you a more attractive borrower.

The Importance of Your Middle Credit Score®

Mortgage lenders often use your Middle Credit Score—the median score between the three major credit bureaus (Equifax, Experian, and TransUnion)—to determine your eligibility and the interest rate you qualify for. Enhancing your Middle Credit Score is crucial because it provides a balanced representation of your creditworthiness. By improving this key score, you increase your chances of securing the best mortgage terms available.

Steps to Improve Your Credit Score

1. Review Your Credit Report for Accuracy

The first step in improving your credit score is to carefully review your credit report for errors. Inaccuracies such as incorrect account details, outdated balances, or wrong personal information can harm your score. Middle Credit Score® offers detailed tools to help you identify discrepancies. Justin will guide you through this process, ensuring any errors are corrected with Equifax, Experian, and TransUnion.

2. Dispute Errors on Your Credit Report

If you find errors, disputing them promptly is essential. Mistakes such as incorrect late payments or wrong balances can lower your score unnecessarily. Middle Credit Score® provides step-by-step assistance for disputing these issues effectively. Justin will help ensure your credit report accurately reflects your creditworthiness.

3. Pay Down Existing Debts

Reducing your credit utilization ratio—the percentage of your available credit that you’re using—is one of the fastest ways to boost your score. Keeping your utilization below 30% is ideal. Justin can help you create a strategic debt-reduction plan, focusing on high-interest debts first. Middle Credit Score® tools can further assist in managing and tracking your progress.

4. Avoid New Credit Applications

Applying for new credit lines or loans before securing a mortgage can temporarily lower your score. Each hard inquiry can reduce your score slightly and increase your debt-to-income ratio. Justin recommends avoiding new credit applications for at least six months before applying for a mortgage to protect your Middle Credit Score®.

5. Make On-Time Payments

Payment history is a major factor in your credit score. Late payments can severely impact your Middle Credit Score. Ensure all bills—including credit cards, loans, and utilities—are paid on time. Set up automatic payments or reminders to avoid missed due dates. Middle Credit Score® offers tools to help you stay on top of your payment schedule.

6. Address Negative Items on Your Credit Report

Resolving negative items like collections or charge-offs is critical before applying for a mortgage. Middle Credit Score® can guide you through negotiating with creditors to settle debts, potentially leading to the removal of negative marks. Justin will support you through this process to maximize your Middle Credit Score®.

📞 Contact Justin Crowley for Expert Credit Guidance

By focusing on improving your Middle Credit Score, you can secure better mortgage terms and achieve your homeownership goals in Colorado. For personalized advice and expert assistance, contact Justin Crowley at First Western Trust Mortgage at (970) 407-3104 today.

Make Informed Mortgage Decisions with Justin Crowley at First Western Trust Mortgage

Whether you’re considering refinancing your mortgage or purchasing a new home, Justin Crowley at First Western Trust Mortgage is ready to guide you through both processes. With expert advice and personalized service, Justin ensures your decisions align with your financial goals in Colorado.

Home Purchase with Justin Crowley at First Western Trust Mortgage

Pre-Qualification and Pre-Approval

The first step in purchasing a home is obtaining pre-qualification or pre-approval for a mortgage. Pre-qualification gives you a general estimate of how much you can afford, while pre-approval involves a thorough review of your finances and provides a stronger position when making offers. Justin will assist you through both processes, reviewing your credit score, income, and debt-to-income ratio to determine how much you can borrow.

Choosing the Right Loan Product

First Western Trust Mortgage offers a variety of mortgage products, including:

• Conventional Loans for buyers with strong credit and savings.
• FHA Loans for those with lower down payments.
• VA Loans offering exclusive benefits for veterans, such as no down payment.
• Jumbo Loans for high-value properties that exceed conventional loan limits.

Justin will help you select the loan product that best fits your financial situation and homeownership goals.

Locking in a Competitive Interest Rate

Interest rates play a crucial role in determining your monthly mortgage payments. Justin closely monitors the mortgage market and helps you lock in the best possible interest rate, potentially saving you thousands over the life of your loan.

Step-by-Step Guidance

Justin provides personalized, step-by-step guidance throughout the home-buying process, from your initial application to closing. His goal is to ensure each step is clear, smooth, and aligned with your financial objectives.

Refinancing with Justin Crowley at First Western Trust Mortgage

Lower Your Interest Rate

If interest rates have dropped since you obtained your current mortgage, refinancing can help you secure a lower rate and reduce your monthly payments. Justin will assess whether refinancing is the best option for your current loan terms and financial goals.

Cash-Out Refinancing

For homeowners who have built up equity, cash-out refinancing allows you to borrow against that equity for major expenses like home renovations, debt consolidation, or education costs. Justin will guide you through the process and help determine if it aligns with your financial needs.

Shorten Your Loan Term

Refinancing also offers an opportunity to shorten the term of your mortgage. Switching from a 30-year loan to a 15-year loan can help you pay off your home sooner and save on interest. Justin will evaluate whether this strategy fits your financial situation.

📞 Contact Justin Crowley Today

Whether you’re looking to purchase a home or refinance your current mortgage in Colorado, Justin Crowley at First Western Trust Mortgage is here to provide expert advice and personalized service.

Contact Justin at (970) 407-3104 to explore your options and make informed financial decisions today.

Start Your Mortgage Application with Justin Crowley at First Western Trust Mortgage

To ensure a smooth and efficient mortgage application process with Justin Crowley at First Western Trust Mortgage, having the necessary documents prepared in advance is key. Gathering these documents will help expedite your application and minimize delays. Here’s what you’ll need:

General Documents Required for Mortgage Applications

Proof of Income:

• W-2 Forms: Provide W-2 forms from the past two years to verify your income and employment history.
• Pay Stubs: Submit your most recent pay stubs covering at least 30 days to confirm your current earnings.
• Tax Returns: If you are self-employed or have additional sources of income, provide your federal tax returns for the past two years to verify your earnings.

Proof of Identity:

• Government-Issued ID: A valid photo ID, such as a driver’s license or passport, is required to verify your identity.
• Social Security Number: This will be used to pull your credit report and confirm your identity.

Credit History:

• Credit Report: Justin will review your credit report to assess your eligibility for a mortgage.
• Debt Information: Provide documentation of outstanding debts, such as credit cards, student loans, or car loans, so Justin can calculate your debt-to-income ratio.

Proof of Assets:

• Bank Statements: Provide the last two months of bank statements to verify funds available for a down payment and closing costs.
• Retirement or Investment Account Statements: If you plan to use funds from a 401(k) or other investment accounts, provide statements showing the available balances.

Proof of Employment:

• Verification of Employment: Justin may contact your employer to confirm your employment status.
• Self-Employed Borrowers: If you are self-employed, provide additional documentation such as business licenses or profit and loss statements.

Loan Program-Specific Documents

Depending on the loan type you are applying for, additional documentation may be required:

• Conventional Loans: Typically require detailed documentation of income and assets.
• FHA Loans: Designed for borrowers with lower credit scores; additional documents may be needed to prove eligibility.
• VA Loans: Veterans and active-duty military members need a Certificate of Eligibility (COE) and, in some cases, military discharge papers.
• USDA Loans: For rural homebuyers, proof that the property meets USDA guidelines is required.

📞 Contact Justin Crowley Today

By preparing these documents in advance, you’ll ensure a seamless mortgage application process with Justin Crowley at First Western Trust Mortgage. For more information or to get started on your application, contact Justin at (970) 407-3104 today.