Let's Talk Mortgages

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Purchase

In the market for a new home? Let us know the details so we can best help you with your financing options.

LEARN COST ANALYSIS

    Is this your first home purchase?

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    What is the type of home you are looking for?

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    Do you qualify for a VA loan?

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    Choose how your home will be used

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    Loan Amount Requested

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    Purchase Price

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    What is your credit score?

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    Are you self-employed?

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    Have you had a foreclosure, short sale, or bankruptcy in the last 7 years?

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    Property Zip Code

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    What is your first name?

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    What is your last name?

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    Thank you!
    What is your email address?

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    What is your best contact phone number?

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    Thanks for your request!

    We've received your request and look forward to speaking with you soon.

    One of our representatives should be calling you shortly, but if you need immediate assistance you may contact us directly at 970-828-1610.

    If you want to get started right away please apply HERE.

    We look forward to the opportunity of earning your business.

    Home
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    Refinance

    We would love to help you refinance but want to make sure it’s best for you! Let’s talk details.

    LEARN COST ANALYSIS

      What is the balance of a loan you want to refinance?

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      What is the type of home do you currently own?

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      Choose how your home is being used

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      Estimated value of your home

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      Do you have a second mortgage?

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      What is your credit score?

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      Have you had a foreclosure, short sale, or bankruptcy in the last 7 years?

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      Property Zip Code

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      Back

      What is your first name?

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      Back

      What is your last name?

      Next
      Back

      Thank you!
      What is your email address?

      Next
      Back

      What is your best contact phone number?

      Back
      1
      /

      Thanks for your request!

      We've received your request and look forward to speaking with you soon.

      One of our representatives should be calling you shortly, but if you need immediate assistance you may contact us directly at 970-828-1610.

      If you want to get started right away please apply HERE.

      We look forward to the opportunity of earning your business.

      Home
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      Refinance Cash Out

      Let’s strategize together to make sure you’re accomplishing all of your goals in one fell swoop.

      LEARN COST ANALYSIS

        How much would you like to borrow?

        Next
        Back

        What is the type of home do you currently own?

        Back

        Choose how your home is being used

        Back

        Estimated value of your home

        Next
        Back

        What’s your balance of your current loan?

        Next
        Back

        Do you have a second mortgage?

        Back

        What is your credit score?

        Back

        Have you had a foreclosure, short sale, or bankruptcy in the last 7 years?

        Back

        Property Zip Code

        Next
        Back

        What is your first name?

        Next
        Back

        What is your last name?

        Next
        Back

        Thank you!
        What is your email address?

        Next
        Back

        What is your best contact phone number?

        Back
        1
        /

        Thanks for your request!

        We've received your request and look forward to speaking with you soon.

        One of our representatives should be calling you shortly, but if you need immediate assistance you may contact us directly at 970-828-1610.

        If you want to get started right away please apply HERE.

        We look forward to the opportunity of earning your business.

        Home
        couple

        Financial Security Starts at Home

        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.

        Our Specialties

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        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.
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        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.
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        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.
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        Mortgage Resources

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

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        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. 

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        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  help@animasmountainmortgage.com.

        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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        Customer Love

        Peter helped my family refinance our new house, mere weeks after our initial purchase. We felt we could get a better financing rate than with our first broker, and Peter did not disappoint! He was readily available to answer any questions we had, and he worked diligently to ensure we received the best available interest rate and loan terms. We will happily recommend Peter’s services to anyone looking to secure a home mortgage.
        Brandon Gottesman
        Peter is fantastic to work with, and WOW - is he on top of it! Would we work with him again - Absolutely yes! He went above and beyond and we are so grateful for his hard work on our behalf!
        Veronica Lasater
        Peter has been my go to person for financing for several properties in recent years, most recently a refinancing in November 2021. He goes above and beyond to make the process as streamlined and smooth as possible and always offers me good rates. I know that Peter is honest and conscientious, and that is also of great value to me - I never feel the need to shop around because I trust Peter to offer me a competitive rate and to protect my interests..
        sara lynn
        Excellent and quick service. We couldn't have asked for a better experience. Peter is professional, competent and very customer friendly.
        Corey Sanders
        Peter has been incredibly helpful and professional throughout the mortgage process. He took the time to explain everything in detail, offered competitive rates, worked quickly, and was always responsive when questions came up. Animas Mountain Mortgage was great to work with and we'd highly recommend them!
        Alan Kasprak
        I would highly recommend working with Peter at Animas Mtn Mortgage. We was very fast and responsive and helped us problem solve some unusual terms. This has been our smoothest purchase yet and I will definitely return for my next loan.
        Jeremy May
        I would highly recommend Animas Mountain Mortgage to anyone in the Durango area looking to purchase a home! Peter was very detail oriented and kept us up to date throughout the process. He really made things easy for us through a complicated process and has superb communication. Thanks again Peter!
        Steven Parker
        Peter easily handled some difficult issues with our financing. Not only did he offer competitive rates, he was always very responsive and emailed and called back quickly. We highly recommend Animas Mountain Mortgage.
        John Wells
        Peter did a great job for us, especially since we wanted a quick closing. He smoothed the way for us with the underwriters and was never unaware of where we were in the process or what the next step entailed. We got a good rate and he tailored the process and the loan to our needs and desires. I'd certainly recommend him and would go to him again for future needs.
        D STILLER
        Peter was a consummate professional throughout our home buying process and helped keep all on track and provided updates regularly. We ended up with a great rate and I would highly recommend his services.
        Ike Fazzio

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        In a year where mortgage rate volatility has been extreme, this week made everything else look tame by comparison. While it will never show up in weekly survey numbers, the 3-day jump between last Thursday and this Tuesday was one of the biggest on record, taking the average 30yr fixed quote from 5.55% to 6.28% by yesterday afternoon.

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        2022 is Already The Worst Year For Rates Since 1979

        2022 has already had its fair share of bad news for mortgage rates, but this week was not to be outdone. It began as just another reasonably bad week with rates moving moderately higher, but still safely under the recent 13 year high seen on the morning of May 9th.

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        Rates Bounce After 3 Weeks of Improvement; Prices Still Defying Gravity

        By last Friday, rates had improved so much from recent highs that we were finally able to consider that 2022’s trend had shifted gears from “skyrocketing” to “sideways.”

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        Big Shift in Housing Numbers. Scary or Welcome?

        The housing market has been keeping its head down, keeping calm, and carrying on in the face of the biggest rate spike since the 1980s

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        Stocks Are Suffering, But It’s Helping Rates Stabilize

        In 2015 and 2018, the phrase “global growth concerns” was all the rage. The concept helped explain downward movement in stocks and rates that otherwise didn’t always have an immediate justification.

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        Best Week For Rates in Almost 2 Years, But There’s a Catch

        Mortgage rates have moved higher at the fastest pace in decades so far in 2022, but this week proved to be a refreshing exception.

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        Why Some Rate Quotes Are So Different And Why “Points” Are On The Rise

        It was yet another tough week for the mortgage market with rates rising to their highest levels since 2009, but how high have they actually risen?

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