20 May

How to Prepare for a First Mortgage Loan

First Mortgage Loans at Rocky Mountain Law Enforcement Federal Credit UnionFirst mortgage loans are currently still hovering at historic lows. By taking advantage of these low rates you could conceivably save a lot of money over the course of your mortgage with a fixed-rate loan. We’re not suggesting you over extend yourself and buy a home if you are not ready, however if you are in the market for your first home, now is a great time to get a first mortgage loan from RMLEFCU. As of the date this post was published, we are offering 30-year mortgages at 4.50% and as low as 3.625% APR*

So what should you do to prepare yourself for your first mortgage loan? Below are a few tips to help you get ready for one of life’s largest investments! Read More

27 Mar

Advice for the First Time Home Buyer

RMLEFCU Home LoansBuying a home is exciting! Well, at least finding a home is…

At RMLEFCU we are trying to help all of our first time homebuyers get the home of their dreams in any way we can. This article is designed to give you a few tips regarding the home buying process. If you ever have any questions concerning the loan process we strongly urge you to contact one of our mortgage specialists. This leads us to our first piece of advice, get pre-approved!

  1. Get Pre-approved – This initial consultation and pre-approval process will save you lots of headaches down the road and help you determine how much house you can afford. Getting pre-approved is easy and essential for a first time homebuyer. Once you have determined a budget, start looking for your new home! Bonus Tip: Another advantage to getting pre-approved is how quickly you will get the money to secure the home and get it under contract. Currently in the Denver market, homes are selling quickly. So do the best you can to be prepared. Click here to learn more about  the RMLEFCU loan processRead More