Home-loan payoffs in Colorado fall to 5-year low

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Guaranty Bancorp GBNK ("we", "our" or "the Company"), a community bank holding company based in Colorado, today announced first quarter. Federal Reserve Bank stock, Federal home loan bank stock and.

increasing mortgage rates continued to fuel a steep decline in the number of home loans paid off in Colorado in the first quarter. The number of home loans paid off fell 49% from the first quarter.

A first mortgage is in first position on the property that secures the mortgage. Excel Financial Group has access to a wide variety of loan options and at extremely competitive low interest mortgage rates here in Colorado. A second mortgage is a loan taken out on a property that already has a mortgage.

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Home loan payoffs in Colorado fall to five-year low The number of home loans paid off in Colorado fell 49 percent from the first quarter of 2013 to the first quarter of 2014, a decline partially fueled by increasing mortgage rates during the second half of 2013.

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