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: Your Home Is a Vault Full of Cash and a Reverse Mortgage Might Be the Key to Access It
Seniors: Your Home Is a Vault Full of Cash and a Reverse Mortgage Might Be the Key to Access It
The Problem That Millions of Senior Homeowners Are Sitting With Right Now
Picture your home like a vault full of cash. The money is in there. You built it over decades of mortgage payments and appreciation. You know it is there. But you cannot access it without the right key and finding that key without taking on a high-interest loan or disrupting the retirement you have worked so hard to build has felt impossible.
That is the problem a reverse mortgage was specifically designed to solve for eligible senior homeowners.
What a Reverse Mortgage Actually Does
A reverse mortgage allows eligible homeowners who are 62 years of age or older to access a portion of the equity that has been building in their home. The equity that is locked away and currently inaccessible becomes a real and usable financial resource while you continue living in the home you love.
No monthly mortgage payment is required depending on the program selected. That is not a typo. Monthly mortgage payment obligations can be deferred as long as program requirements are met which means the cash flow pressure that a traditional loan would create simply does not exist in the same way.
You maintain ownership of your home throughout the process. The program is backed and insured by the federal government which provides a layer of security and regulatory protection that gives homeowners and their families confidence in how the product works and what protections are in place.
The program requirements that must be maintained are the same obligations most homeowners are already meeting as a matter of normal homeownership. The home must remain your primary residence. Property taxes must stay current. Homeowners insurance must be maintained. The property must be kept in reasonable condition.
Who This Option Is Designed For
As Herm Brocksmith explains a reverse mortgage was designed specifically for senior homeowners who want to live a comfortable retirement and enjoy their golden years without the financial stress that rising costs and fixed income can create. If you have built significant equity in your home over the years that equity is a resource that belongs to you and a reverse mortgage may be the mechanism that finally makes it accessible.
It is not the right solution for every senior homeowner and understanding whether it aligns with your specific retirement plans and family goals requires a genuine and educational conversation about how the program works, what the eligibility requirements are, and what the full picture looks like on both the benefit and the consideration side.
The First Step Is a Free Informational Kit
If this sounds like it might be worth exploring the first step is simple and carries no obligation. Call or text Herm Brocksmith at 720-471-2453 to request a free informational kit and to have your questions answered by someone who will give you a complete and honest picture of whether this option makes sense for your retirement situation.
The vault has a key. Find out if this is yours.
Sources
HUD.gov
ConsumerFinancialProtectionBureau.gov
NRMLA.org
Investopedia.com
SocialSecurityAdministration.gov
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