What to Expect When Applying For a Mortgage

Mortgages are loans used to purchase homes or commercial property. Usually, the loan amount is secured by the borrower’s asset – known as a collateral asset – and must be repaid over time with interest. Your credit and income can help you qualify for a mortgage. Lenders usually look for two years of steady employment […]

How to Apply For a Mortgage

No matter if this is your first home or not, applying for a mortgage is an essential step in the process. You’ll need to fill out paperwork, provide your credit report and verify all financial documents so the lender can make an informed decision about whether or not you qualify. The mortgage lending process can […]

What You Should Know About Fixed-Rate Mortgages

Fixed-rate mortgages are one of the most sought-after home loan products. Their numerous advantages make them an attractive option for home buyers looking to purchase their dream residence. Long-Term Stability The primary advantage of a fixed rate mortgage is that your interest rate won’t change throughout the life of your loan, giving you peace of […]

Mortgage Rates – What Drives Them and How You Can

Mortgage Rates – What Drives Them and How You Can Control Them Mortgage rates are an integral component of the home purchasing process. By understanding what drives them and how you can control them, you’ll be in a better position to get the most competitive rate available. No matter if you’re a first-time homeowner or […]

What You Need to Know About Mortgage Pre Approval

Mortgage pre approval is a process lenders use to assess how much you can borrow for a home and the loan terms they might offer you. It involves a more thorough investigation of your finances than prequalification, including an extensive hard credit check and other verification processes. Be Preapproved with Multiple Lenders Getting preapproved with […]

What is Mortgage Pre-Approval and Why is it Important?

What is Mortgage Pre-Approval and Why Is it Important? Obtaining pre-approval for a mortgage is an invaluable tool to get an estimate of what you can afford. It also serves as an essential first step in the home buying process, showing sellers that you’re serious about purchasing and have financing secured. Furthermore, having this pre-approved […]

How to Get Pre-Approved for a Mortgage Loan

If you’re in the market for a home, getting pre-approved for a mortgage loan is one of the best steps you can take. This gives you an estimate of how much money you can borrow and also demonstrates to potential sellers that you are serious about purchasing and financing your dream house. How to Get […]

Avoiding Common Issues When Working With Lenders

Avoiding common missteps of the lending industry is essential to creating a smooth and successful partnership. One way to do this is by having all of the tools, skills and resources needed for timely loan closings. Most importantly, have accurate data from sources like financial statements, tax returns and business records so your clients can […]

Common Pitfalls to Avoid When Working With a Mortgage Broker

Mortgage brokers often provide clients with access to mortgage loans that might otherwise go unclaimed, which can be a huge advantage. Unfortunately, there are some common errors people make when working with a broker which could end up costing them money or creating unnecessary stress. Buying a home can be an enormous financial commitment, so […]

Finding the Ideal Rate and Terms From a Lender Or Bank

Finding the ideal rate and terms is a critical step in the homebuying process. A reliable lender or bank will not only simplify your loan application, but can save you thousands of dollars over its lifecycle. Finding a great deal on your new mortgage should be your top priority, and the best way to start […]