If we don’t answer the phone, most likely we are temporarily

out and we will return your call!

 

WE ARE CLOSING  30 YEAR MORTGAGES BELOW 5%!

 

Lock –In A Low Rate Now Before Rates Go Up!

 

 

As licensed mortgage brokers we are able to “shop”

national and local lenders not only for the best rates,

but for the best programs that “fit” your needs!

                                            Mortgages for:               

                                                      Primary Home

                                                      Second Home

                                                      Investment

                                                      Home Equity-Line-of-Credit

                                                      Second Mortgage

                                                      Jumbo Mortgage

                                                      Cash-Out

.
Text Box: Items that will expedite your loan approval process: 1. Last 2 months or last quarter’s banks statements all pages 2. Last 2 years Federal W2s 3. If Self-employed last 2 years Personal and Company Federal Tax Returns—All schedules and ALL pages! 4. Current Pay Stubs for a 30 day period 5. Driver’s License, Passport, or Residence Alien Card 6. Valid credit card for the appraisal order 7. E-mail address that you check on a regular basis Be prepared and ask questions! Give accurate and detailed information! A thorough application enables the broker to obtain a valid and reliable loan approval! Do not be in a hurry! Applications usually take 1-2 hours. Text Box: NEW APPRAISAL GUIDLEINES—Home Valuation of Conduct (HVCC) Do not order your appraisal in advance. The HVCC requires all lenders to order their appraisals from an appraisal management company (AMC). We now request your credit card information and then place your appraisal order with an investor. The investor then orders your appraisal through an AMC and the appraiser will contact you directly. We have no contact with the appraiser, you will receive a copy of your appraisal by e-mail from the investor.

 

Advice on locking your loan:

 

Rates change daily and can move up or down quickly.

 

If you do lock then you have “piece of mind” that your payment is set. 

 

If you decide to lock, request a copy of your Lock-In Disclosure and understand the lock’s expiration date.

 

If you float your rate then you are gambling and it is like going to Vegas betting with mostly likely your largest asset, your home!  

You can win or you may lose!  Know and realize that you may or not benefit by floating.

 

In 1987 Steve had 55 customers that assumed that rates would go lower.  THEY WERE WRONG. 

On one day mortgage rates increased tremendously and the 55 applicants missed closing on a very low rate.

 

Mortgage rates can change instantaneously and at any time!

 

 

Eagle River Mortgage Inc.

PO Box 305

Edwards, CO  81632

 

Established 1996

 

 

 

 

When comparing lenders DEMAND an Initial Fees Worksheet

 

Do not give money for an application fee until you have selected the company that you want to do you your loan

 

Ask your loan officer for local references

 

 

 

 

 

Broker versus Bank:

 

As licensed mortgage brokers we have:

 

Finance / Business Management Degrees

Error and Emissions Insurance

Bonded

FBI Background checked

Colorado State and Federally Tested

 

Bank loan officers are not required to be state or federally tested.

 

 


 

 
Text Box: EAGLE RIVER MORTGAGE INC. Serving Colorado and the Vail Valley Since 1996

OUR SECURITY SYSTEM

OFFICE

WINTER

    

We are familiar with the local market and offer free consultations!

Tracy L. Stewart

  Colorado License MB 100009440

  tstewart@vail.net

  970.376.1477

Fax 866.294.2366

Steven  is a graduate of Virginia Wesleyan College with a BA in Business Management.  Before moving to Vail in 1994 he had been Secretary Treasurer for Homestead Savings, was a top producer for Dominion Bankshares, and had a minority ownership of Drake Mortgage in Bellevue, Washington.  Steve moved to Vail in 1994 and opened Eagle River Mortgage in 1996.

Tracy is a graduate of Virginia Tech with a Bachelor of Science in Finance.  She was a series 7 and 63 licensed stock broker in Virginia Beach before moving to Vail in 1989.  Over the past 10 years Tracy has been taking excellent care of the Eagle County community working as a successful licensed mortgage broker.  She is focused on giving superior customer service and placing clients with the most attractive loan scenario to match their needs.