If you’re considering buying your first home this year, it’s important to know some of the more common decisions you’ll need to make and understand the current status of the US housing market before proceeding. Although you might have shortlisted a house, here are 6 questions you need to answer […]
4 Reasons to use a Mortgage Broker instead of a direct Lender
If you have shortlisted a house to buy, you must be shopping for a mortgage to suit your budget. Unlike direct lenders, mortgage brokers work with 3rd parties to connect you with mortgage lenders. In some respects, you can think of them as advisors or consultants as they typically have […]
7 Ways You Can Avoid Sabotaging a Home Loan
Have you been shopping for a good low interest mortgage on a house you intend purchasing? Most prospective home buyers are unaware of the factors in the lending process that can potentially sabotage getting a mortgage. Here are 7 ways you to avoid committing mortgage sabotage when purchasing a home: […]
How Your Mortgage Rate Is Affected By Your Credit Score
It’s no secret that your credit score can impact the interest rate on your mortgage. In fact, a 100-point swing could cost you or save you thousands of dollars. A high credit score along with your DTI (debt-to-income ratio) and your financial history will get you the lowest interest rates […]
3 Questions regarding Private Mortgage Insurance (PMI)
Are you confused about the mortgage insurance programs? Most homeowners already know about PMI or private mortgage insurance whereas most prospective home buyers may not be familiar with the term. PMI is a specific kind of insurance attached to a mortgage loan when the buyer (borrower) doesn’t put down at […]
6 Questions to Answer Before Submitting a Mortgage Application
After two years of living with the pandemic, the housing market is starting to heat up again. Many individuals want extra space in their homes. Unfortunately, with so many prospective buyers searching for a home, housing inventories are extremely low and the competition has never been more intense than what […]
3 Most Common Mortgage Scams and How to Avoid Them
There is just about every type of scam you can imagine in every industry sector that currently exists, including the mortgage industry. Homeownership is just one of many American Dreams that are a source of enjoyment and pride. However, the whole process is cumbersome and tedious. That is why it […]
Save Time and Money By Working With a Mortgage Broker
For many individuals, purchasing a home can be challenging since it is the single biggest investment they will make in their lifetimes. While the home buying process can often be a complicated and stressful process, a mortgage broker can relieve those issues so you have a more pleasant experience. Whether […]
4 Reasons To Consider a Non-Conforming Home Loan
Most of the standards that are followed by mortgage lenders are set by Fannie Mae and Freddie Mac, GSE’s or government-sponsored enterprises. Mortgages that meet all of these criteria are commonly referred to as “conforming” loans since they conform to the prescribed requirements. However, there are certain times when a […]
5 Housing Market Trends to Watch For in 2022
It’s safe to say that the housing market was agitated by the Coronavirus pandemic over the past year or so. Americans decided they wanted to go bigger and add space, home prices increased significantly, and interest rates plummeted to historical lows. After the record-breaking these past two years, we might […]
