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The concept of a mortgage is quite simple. It’s basically a loan for a home wherein the property itself is used as collateral.
Securing a mortgage, however, can be complex. The process may take more than a month, as several parties – from the escrow officer to the loan underwriter – work behind the scenes to put it all together.
A trusted real estate agent can recommend a reputable mortgage broker or lender and help you navigate through the process.
Our Local Recommended Lenders
Gary Schorg 719-499-8123
2 North Nevada Ave, STE 1160
Colorado Springs, Colorado 80903
Gary Schorg One of our preferred Mortgage Lenders TeamSecundy RE/MAX Properties Inc.
Will Michaloski 719-226-9115
V.I.P Mortgage, Inc.
2630 Tenderfoot Hill St Ste 100
Colorado Springs, CO 80906
Alice Schneider - NMLS #252027
Veterans United Home Loans of Colorado Springs NMLS# 1907
Phone – 719-433-7651
Mortgage is a legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.