April

At Altius Mortgage and our partners at Mortgage Ogden, it’s our mission to get you the best mortgage option for your situation. Our mortgage brokers are trained to spot the details that might make a certain type of mortgage or refinance more prudent for you and your family, and to guide you through every step of the process.

One of the mortgage types that often fits for many people is a no cost mortgage. This is a type of mortgage or refinance option where closing cost and fees are waived and instead rolled into monthly payments, allowing you to get out the door for much less in upfront costs. These are often great for people planning to move or flip a home within five years, and they hold several specific benefits. Let’s take a look.

Less Up Front

The absence of upfront closing costs and various fees means you need to bring less cash to the table. This is great for people who may have a high monthly income and enough funds to afford a solid payment, but not much liquid cash on hand for both a down payment and closing costs. Closing costs can run into the thousands for most mortgage situations, so this is a major benefit for many people.

Larger Homes

One of the primary benefits of this extra money is potential space in the home. No closing costs means you have more money available for the down payment and future monthly payments, which allows many people to get into a larger home than they had anticipated. It’s not uncommon for this lump sum to make the difference between a great home and a dream home.

Extra Necessities

No cost mortgages can often be perfect for many first-time homebuyers – people who often don’t have furniture or other accessories in the quantities truly needed for home ownership. Things like refrigerators, washers, dryers and dishwashers don’t come cheap, and if these are expenses you’re considering along with a mortgage, a no closing costs option could keep your finances in the proper order.

To learn more about no cost mortgages and when they might be right for you, or to find out about any of our other mortgage services, the brokers at Altius Mortgage and Mortgage Ogden are standing by.

April 15, 2017

Learning the Benefits of No Cost Mortgages

At Altius Mortgage and our partners at Mortgage Ogden, it’s our mission to get you the best mortgage option for your situation. Our mortgage brokers are trained to spot the details that might make a certain type of mortgage or refinance more prudent for you and your family, and to Read More
April 1, 2017

Learning and Managing Credit Score Calculation Factors

No matter what mortgage area you’re looking into, credit score is going to be a huge factor no matter what. It’s one of the single largest factors in getting you the best mortgage rate, and also in which kinds of advantageous mortgages you’ll be eligible for. At Altius Mortgage and Read More