Down Payment Gift
Buying a home is the “American Dream.” With home prices seemingly going up yearly, the biggest hurdle to buying a home is a sufficient down payment. From the first quarter of 2013 to the first quarter … Read more
Mortgage Updates
Detailed mortgage information to help homebuyers and homeowners.
Co-Signing A Mortgage
A little-known way to help you obtain a mortgage is having a co-signer on your loan application. Co-signing a mortgage is a great way to help a family member or friend buy a home or refinance … Read more
What Is A Mortgage Underwriter?
A mortgage underwriter is an employee of a mortgage company that reviews your loan application and decides if you meet the company’s lending requirements. If you do meet their requirements, the underwriter will issue an approval. … Read more
Pre-Payment Penalty – The Breakdown
When you buy a home or refinance a current mortgage, you’ll always want to ask your Loan Officer if your new mortgage has a pre-payment penalty. In fact, it should be one of the first questions … Read more
Second Mortgages Explained
If you are a homeowner, you’ve probably heard the term “second mortgage.” It’s a popular home loan product and provides numerous benefits to those looking to buy a home or as a tool for debt consolidation … Read more
Loan-To-Value Ratio – Why It Matters
Many factors impact your mortgage rate, and one of the most important factors underwriters consider is your Loan-To-Value ratio. When buying a home or refinancing a mortgage, it’s essential to know what impact your Loan-To-Value (LTV) … Read more
Mortgage Subordination Explained
A mortgage subordination is when a lien holder of a fixed-rate second mortgage or a Home Equity Line of Credit (HELOC) agrees to remain in a “second position” on your property title while a new first … Read more
