Beware of Bad Mortgage Advice: Don’t Get Duped by These Common Myths!
Don’t be fooled by common mortgage misconceptions! Discover the truth behind homebuying advice and protect yourself from costly mistakes The happy path to securing a mortgage is, unfortunately, often accompanied by well-meaning advice that might not fit your situation. While the intentions behind such advice are good, it’s essential to separate fact from fiction before […]
The Remote Worker’s Guide to Securing a Mortgage
Learn about the documentation you’ll need to provide as a remote worker seeking mortgage approval. As a remote worker, you have the advantage of choosing where you live, opening up a world of possibilities both personally and financially. Whether you prefer the tranquility of rural areas or seek more affordable housing options outside expensive cities, […]
How Mortgage Points Can Lower Rates and Make Payments More Affordable
Learn how mortgage points can help make your monthly mortgage payment more affordable over the life of the loan. As you explore the world of home buying and financing, you may have come across the term “mortgage points.” If you’re wondering what they are and how they work to lower your mortgage payment, this article […]
What’s the Max Debt-to-Income (DTI) Ratio for a Mortgage?
Learn what DTI is and what the max ratio you can have and still qualify for a home loan. Debt-to-income (DTI) ratio determines what mortgage you’re eligible for. So before getting pre-approved, your mortgage advisor will review your income and debts to help you understand where you currently stand. In this article, we’re going to […]
Should You Close Credit Cards Before Applying for a Mortgage?
Learn whether it’s a smart move to close credit cards after paying them off if you plan to buy a home If you have a $0 balance card, should you close it before applying for a mortgage? That’s a good question, but before you consider canceling your credit card account, it’s crucial that you know […]
Does Having a Student Loan Affect a Mortgage Pre-Approval?
Learn how student loans affect your ability to get pre-approved and how you can qualify for a loan despite large loans. Student loans can be an obstacle for many when pursuing their dream of buying their first home. Aside from having the debt that can pose a challenge in getting approved for a loan, paying […]
What’s Really Going On In the Market? Get Real Answers From Your Local Mortgage Advisor
Confused by real estate and mortgage news headlines? Learn where to find honest advice and guidance for all your mortgage questions. If you’re thinking about buying a home, investing in real estate, or getting a home equity loan, you’re probably keeping a close eye on the news headlines. After all, it’s essential to know what’s […]
How Working With A Mortgage Professional Can Save You Money
Learn about the benefits of working with a mortgage professional and how it can save you money. Whether purchasing your first house or refinancing your existing mortgage, you might have considered working with a mortgage professional. A mortgage professional, such as a loan officer or broker, can help you save time and money, offer sound […]
How Do Second Mortgages Work?
Find out how a second mortgage works and when it’s a good idea to consider one. Many homebuyers don’t know they can take a second mortgage on their homes. The first loan, the primary mortgage, is taken while purchasing a property. A second mortgage is a type of mortgage that lets you borrow against the […]
What’s the difference between private mortgage insurance and mortgage insurance premium?
Learn what PMI and MIP are and which one is better for homebuyers. If you are one of those buyers who can’t afford to pay a sizeable down payment, don’t give up on homeownership just yet. Mortgage insurance is a tool that can help you achieve homeownership despite the lack of funds for a down. […]
Buying Mortgage Points: Is It Worth It?
Should you buy points? Learn more about what points are and when to buy them. Buying mortgage points is a way to secure a lower interest rate during the home buying process. It can save you several thousands of dollars in interest over the life of the loan and lower your monthly mortgage payment. Check […]
How Can I Get Approved for a Mortgage as a Contract Employee?
How to get a self-employed mortgage. Contract employees who want to get a home loan can sometimes find it challenging. Traditional mortgages often lean towards an income that can be verified easily with W-2s. Income taxes for contract employees can sometimes get complicated and can further compound the problem. Fortunately, there are alternatives available to […]