Playing the Rate Game?
Getting a Low Interest Rate is a lot like Playing Golf
First, When playing golf, you need to know what the PAR is for each hole on the course.
When shopping for the best interest rate... you need to know what the true PAR rate is.
(The true PAR rate is the interest rate before origination, underwriting & and other fees are included in the rate)
A Bogey is always one stroke over PAR
In Golf... a "Bogey" is when you are 1 stroke over the holes PAR.
In lending.... anything over the PAR rate is called an Origination Fee.
Lenders charge an Origination Fee up to 2.75% of the loan amount which can be rolled into the rate.
Alternatively, the Origination Fee can be paid by the Seller which is a Seller Concession.
The maximum seller contribution depends on the loan program you choose.
6% is the maximum Seller Concession for VA, FHA & USDA loans
For Conventional Loans are 3 Tiers:
• < 10% Down - Maximum Seller Concession is 3%
• 10% Down to 25% Down - Maximum Seller Concesion is 6%
• > 25% Down - Maximum Seller Concesion is 9%
Some Golf Courses Cost More... So do bank loans
In Golf... the nicer the course & the club... the more you will pay.
In lending... the nicer the bank's offices... the more overhead they have... and the more you will pay.
(At Apex Mortgage Brokers, you can see how much lower we are when you know the PAR rate).
If you don't have all your clubs in the bag... your game will suffer
In lending...we partner with many Wholesale Lenders who have loan programs for almost every situation.
Think of them as our Bag of a wide variety of Golf Clubs, no matter type of home you're buying.
If you want to play golf better.... Get the help of a trainer
Also, at Incredible Lender LLC, we use the best technology & business systems so we have the fastest closings.
We think of this as the Golf Pro Coach/Trainer that teaches us how to close your loan more efficiently.
... plus we know our business with over 2 decades of expertise.
Your Colorado and Florida Home Loan Specialists
Welcome to the official site of Apex Mortgage Brokers. We are a mortgage brokerage firm working with over 45 different lenders to find you the right home loan solution to fit your needs in Colorado and Florida. Whether you are buying a home or refinancing, we can help you realize your dream of home ownership or save you money when getting your new lower monthly payment.
(Do other lenders give you an approval this fast? How long is your current bank taking? Make the switch early in the process and avoid headaches later)
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Just like every other lender... we offer the usual products:
- Conventional loans Up To $726,200 in 2023
- Conventional High Balance Loans that go even higher in certain Colorado & Florida counties
- FHA Federal housing Authority Loans
- VA Purchase Loans & VA IRRRL (Interest Rate Reduction Refinance Loans)
- USDA "Rural Area" Purchase Loans
- Jumbo Loans without Mortgage Insurance in the Payment
- Home Equity Lines of Credit (So you don't refinance away from the low rates you got from 2016 to 2022)
- 3:2:1 Buy Downs (Will lower payments during the first 3 years)
- 2:1 Buy Downs (Will lower payments during the first 2 years)
But that's where the similarity ends... we also offer more unique loan products like:
- DSCR Debt Service Coverage Ratio Loans a.k.a. Cash Flow Investor Loans (Using future rent for income qualification)
- Bank Statement Loans for Self-Employed Buyers (12 months bank statement deposits instead of tax returns used)
- One-Time-Close Construction Loans (No need to get a construction loan and then another loan after the home is finished)
- Jumbo Loans up to 6 Million Dollars
- VA Loans up to 4 Million Dollars
- 30 & 40 Year Fixed Loans with Interest Only Payments during the inital 5-10 years
- Reverse Mortgage Purchase Loans
What Our Customers Are Saying *
Ann and Pete McIntosh
Dillon, CO
"Clear to close in 7 days! "
Douglas Trieste
Breckenridge, Colorado
"I wanted to thank Scott for your great service! You are great to work with, timely, on top of it, knowledgeable, kind. and had my best interests. Can’t say enough nor thank you enough."
Steven Foss
Breckenridge, CO
"Excellent experience with Don Reynolds at Incredible Loans. Don is very knowledgeable about the mortgage industry and very responsive to questions and feedback. If I ever have the need for another mortgage, Don Reynolds will be my first call."
United Wholesale Mortgage
2018 Speed to Close
"In recognition of the fastest loan closings in the nation, UWM recognizes Apex Mortgage Brokers in the Top 1% of the lowest number of days from loan origination to closing."
Brian Adcock
Colorado Springs, CO
"Can't say enough positive things about working with Don on my recent home loan! The process was very fast and he communicated and worked with me closely throughout the entire process. Don found the best loan rate available and we closed in probably record time! Don also showed up at closing which spoke volumes about his character and support....would absolutely recommend Don Reynolds for anyone needing a home loan."
Get Pre-Qualified and Start Shopping? Talk to Our Experts Today!