Whether you’re thinking about buying a home or refinancing, talking a mortgage broker can give you the advice you need There’s a ton of information online about why to work with a mortgage broker - and we’ve talked about it too - but it’s not always clear when you should get in touch. Is it when you start your application to a bank, when you start looking for a home, or some other time? The Continue Reading
Archives for April 2020
What a Mortgage Does to Your Credit Score
Your credit score helps you qualify, and your mortgage can help your credit score We’ve talked before about how important your credit score is to any mortgage proceeding. Your credit rating is an indication of how reliably you handle paying back loans given to you, so it makes sense that it would have an effect on how you qualify for a mortgage. What most gloss over though, is how a Continue Reading
How to Get Started With a Mortgage
Starting your mortgage application can be frightening, but it doesn’t have to be Every American’s journey to homeownership is different, but nearly all of them involve a mortgage - and getting started with an application can be daunting and confusing. Lenders can require dozens of documents, the process can feel overwhelming, and everything needs to be done before the purchase deadline. If Continue Reading
Mortgage Insurance: What It Is, and Why You Might Need It
Mortgage insurance can make funds more accessible, even at high loan amounts Traditionally, Americans who are searching for their first home are told to save up a down payment equal to 20% of the purchase price of any property they buy. This gives them a healthy amount of equity in their home, making financing accessible and affordable when pursuing a mortgage. But not everyone can afford Continue Reading
Why You Need an Appraisal for a Mortgage
A mortgage is a puzzle, and an appraisal is one of the most important pieces There are so many things that go into funding a mortgage, whether that’s collecting the right documentation, finding the right lender, or making sure that everything is getting done before closing. But one of the most important parts of any mortgage is the appraisal. An appraisal for a mortgage is like any other Continue Reading
