Your Local Mortgage Lender
Located in Aurora, Colorado
Personalized Mortgage Experience
Herm Brocksmith offers personalized service you'll love. We shop multiple lenders to find the best rate and product for you, getting you into your dream home faster.
With wholesale interest rates and cutting-edge technology, we make the mortgage process seamless. Trust the experts who focus solely on mortgages. Support your local community and experience elite client service.
Let us help you achieve your homeownership dreams!
The Home Loan Process
Mortgage Pre-Approval
Get pre-approved from one of our Loan Officers to see how much you can afford.
House Shopping
Work with a trusted Real Estate Agent to find a home you would like to move into.
Loan Application
Complete your home loan application to get the lending process started.
Don't take my word for it
Mortgage Programs
Experience the best mortgage experience located in Aurora, Colorado.
Home Loan Options
Our experienced mortgage advisors will walk you through the best mortgage loan program that will fit your specific scenario.
Conventional Home Loans.
FHA Home Loans.
USDA Home Loans.
VA Home Loans.
Frequently Asked Questions
How often can I refinance my mortgage?
There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Can I buy a home if I do not have money for a down payment?
Yes! There are a number of bond programs that offer low or no down payment financing options.
How do I know which mortgage is right for me?
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
How long will the loan process take?
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
Will I qualify for a home loan?
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Why do people refinance their mortgages?
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
How much money will I have to pay upfront to buy a home?
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
Can I get a mortgage after bankruptcy?
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Should I lock my interest rate now, or wait until we are closer to our closing?
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.
Most Recent Blog Updates
Seniors 62 and Older Are Using Reverse Mortgages to Stay in Their Homes and Improve Cash Flow
The Financial Flexibility That Retirement Income Does Not Always Provide
Seniors who want to remain in their homes during retirement often find themselves looking for ways to make their finances more comfortable without disrupting the life they have built in the home they love. Fixed income that seemed well-planned at the start of retirement does not always stretch the way it once did as costs rise and unexpected expenses continue to arrive.
For eligible homeowners who have built meaningful equity over years of ownership a reverse mortgage is one option worth understanding clearly.
What a Reverse Mortgage Can Do
A reverse mortgage allows eligible homeowners 62 and older to access a portion of the equity that has accumulated in their home. That equity has been building through years of mortgage payments and appreciation and a reverse mortgage provides a mechanism to convert a portion of it into financial flexibility without requiring the homeowner to sell or leave the property.
Depending on the loan terms monthly mortgage payments may be deferred as long as program obligations are met. For retirees managing a fixed budget the removal of that monthly obligation can meaningfully improve cash flow and reduce the financial pressure that rising costs have been creating in even the most carefully planned retirements.
The homeowner continues living in the home throughout the process as long as they maintain the property as their primary residence, keep current on property taxes and homeowners insurance, and maintain the home in reasonable condition. Those are obligations most homeowners are already meeting as a matter of standard homeownership.
Understanding Whether This Option Fits Your Goals
A reverse mortgage is not appropriate for every senior homeowner and presenting it as a universal solution without a thorough understanding of the individual situation would not serve anyone well. The product has specific eligibility requirements, costs, and considerations that deserve honest and complete discussion before any decision is made.
The most important first step is simply getting accurate and complete information in a no-pressure educational setting that allows you to ask every question you have and understand the full picture before deciding whether this option aligns with your retirement goals and your family's interests.
Herm Brocksmith is a certified reverse mortgage specialist who provides exactly that kind of educational conversation. Call or text Herm Brocksmith at 720-471-2453 to have your questions answered and to receive a free 16-page informational guide that covers how the program works, what the eligibility requirements are, and everything you need to know to make an informed decision.
Sources
HUD.gov
ConsumerFinancialProtectionBureau.gov
NRMLA.org
Investopedia.com
SocialSecurityAdministration.gov
Mortgage Calculator
See your total mortgage payments using the tool below.
| Year | Interest | Principal | Balance |
|---|
Social Media Links
YouTube
