Are you watching rates? There are different types of borrowers as it relates to rate-watching. Some speak with their mortgage broker and get a daily rate quote to decide whether or not to go ahead and refinance, or maybe someone is thinking about buying a rental property and the lower the rate the better the […]
Do you need a cosigner? Maybe you’ve been asked to help out a relative and cosign on a mortgage? It’s long been a practice for parents to help out their kids buy their first home when needed. Cosigning isn’t as pervasive as it once was, primarily due to changes in lending guidelines, but it’s still […]
When first getting rate quotes borrowers may be shopping for the lowest rate they can find, but they might be a bit surprised at all the options available for the very same loan program. It’s completely understandable. What is the Lowest Rate When a mortgage company advertises a mortgage program and an accompanying note rate […]
There really is more than one reason to refinance an existing mortgage. Homeowners with a mortgage most often start to consider refinancing when interest rates have taken a dip. After all, a lower interest rate means lower monthly payments which saves borrowers money each month. There really is no direct correlation regarding how much lower […]
You’ll probably be surprised at the number of choices you have to make once you decide to buy and finance a home, and deciding on the right loan term is important. When searching for that perfect property there are several things to consider. Some buyers have certain requirements while others could care less about those […]
When submitting a loan application to buy and finance a home or to get a preapproval letter before shopping for one, the lenders review your application and supporting documents, including your bank statements. Supporting Documentation There are multiple things lenders need to review but among the most important are your income and employment, your credit […]
We’re heading into home buying season and sellers are sprucing up their homes and buyers are already checking out listings online. From now until school starts up again this fall, buyers will be hitting the streets and looking at homes to buy. In the late spring and summer months, there are more new listings and […]
We provide extensive advice here on our website that helps our clients successfully buy and finance their home. From tips on various loan programs to how credit works to properly documenting a file and more, we turn our expertise into a knowledge base for you to tap into whenever you want. But there are some […]
When embarking on a mission to find the best mortgage, even seasoned home buyers can be surprised at the number of choices that must be made. There are conventional and government-backed loans, but a hybrid loan may be the best option. Conventional Loans vs. Government-Backed Conventional loans are those approved using Fannie Mae and Freddie […]
If you’re eligible for a VA loan there’s probably no better option for you if you want to come to your closing with as little cash as possible. Who is Eligible If you’re not sure if you’re eligible for a VA loan or someone you know is wondering, eligible borrowers include veterans, active duty personnel […]
