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We are here to help you every step of the way.

From initial conversations to closing, we are committed to providing you a painless mortgage experience. We provide local, in-house processing and underwriting on every individual loan with the highest level of personal service. Rest easy knowing Animas Mountain Mortgage is working to ensure you obtain the best loan possible for each unique situation.

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Our Specialties

Unmatched Customer Service

We take pride in our customers, and quality customer service is our upmost highest priority. Our staff is available at all times to help you with any questions or concerns you may have.

Exceptional Loans and Mortgages

We work with multiple lenders, allowing us to provide our clients with extremely competitive pricing. When you work with us, we do all of your comparison shopping for you and keep you notified along the way. Rest easy knowing you are getting the best rate available.

Clients Come First

Our clients come first every step of the way. Our staff is always available to answer any questions or concerns throughout the entire mortgage process.

Mortgage Resources

Below are several resources to help answer any question you may have about your mortgage or refinancing options.

Compare Loans

Consider our complete list of loans to help you decide which loan is the best fit for you.

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Calculators

Make sense of the numbers. We have several different calculators to explore for different mortgage needs.

CALCULATORS

Questions & Answers

The most common mortgage questions addressed. Still looking for answers? Give us a call! 970-828-1610

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Answers To Some Commonly Asked Questions.

If you have additional questions, please give us a call at 970-828-1610 or email us at anytime at [email protected].

Can't afford to put 20% down?

No problem, there are many programs available today that require less than 5% down payment. Give us a call and we can help find the right path forward for your unique needs.

Do we offer Custom Loan programs?

Yes! Our small, local business model allows us access to many different lenders. We will find the best loan scenario for each unique situation.

Can I use some of my IRA or 401(k) plan for a down payment?

Yes, but the rules for this type of exchange are always changing. Your best bet is to contact your accountant to review the most current regulations.

What's the difference between a fixed and an adjustable rate mortgage?

With a fixed rate mortgage, the interest rate and the amount you pay each month remain the same over the entire mortgage term, traditionally 15, 20 or 30 years. Several variations are available, including five- and seven-year fixed rate loans with balloon payments at the end. With an adjustable rate mortgage (ARM), the interest rate fluctuates per the indexes. Initial interest rates of ARMs are typically offered at a discounted ("teaser") interest rate lower than fixed rate mortgage. Over time, when initial discounts are filtered out, ARM rates will fluctuate as general interest rates go up and down. Different ARMs are tied to different financial indexes, some of which fluctuate up or down more quickly than others. To avoid constant and drastic changes, ARMs typically regulate (cap) how much and how often the interest rate and/or payments can change in a year and over the life of the loan. Several variations are available for adjustable rate mortgages, including hybrids that change from a fixed to an adjustable rate after a period of years.

What's better, a fixed or an adjustable rate mortgage?

It depends. Interest rates and mortgage options change often, so your choice of a fixed or adjustable rate mortgage should depend on the interest rates and mortgage options available when you're buying a house, your view of the future (generally, high inflation will mean ARM rates will go up and lower inflation that they will fall), and how willing you are to take a risk. When mortgage rates are low, a fixed rate mortgage is the best bet for most buyers. Over the next five, ten or thirty years, interest rates are more apt to go up than further down. Even if rates could go a little lower in the short run, an ARM's teaser rate will adjust up soon and you won't gain much. In the long run, ARMs are likely to go up, meaning most buyers will be best off to lock in a favorable fixed rate now and not take the risk of much higher rates later. Keep in mind that lenders not only lend money to purchase homes; they also lend money to refinance homes. If you take out a loan now, and several years from now interest rates have dropped, refinancing will probably make sense.

What is private mortgage insurance (PMI)?

Private mortgage insurance (PMI) policies are designed to reimburse a mortgage lender up to a certain amount if you default on your loan. Most lenders require PMI on loans where the borrower makes a down payment of less than 20%. Premiums are usually paid monthly or can be financed. Except for some government and older loans, you may be able to drop the mortgage insurance once your equity in the house reaches 22% and you've made timely mortgage payments. The Servicing Lender will have the requirements for canceling the mortgage insurance.

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Good Measure in the News

FedWatch Update: Navigating the Federal Reserve’s Monetary Policy

The Fed’s campaign of interest rate hikes spanned over 18 months, representing a significant intervention in the central bank’s history. These measures have transitioned the Fed into a phase of observation, as it awaits indications of declining inflation rates towards its 2% target, as measured by the Personal Consumption Expenditure (PCE) index, a preferred inflation gauge.

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