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Understanding the Mortgage Pre-Approval Process As we look forward to the brighter days of spring and the upcoming Easter celebrations, it could be the perfect time to start preparing for a mortgage pre-approval. Whether you’re planning to buy your first…
An 80/10/10 mortgage with 10% down lets you buy a home by splitting your loan into two mortgages rather than using a single jumbo loan, often resulting in lower monthly payments and easier qualification. In this guide, you’ll learn how…
Interest only mortgage payments allow you to pay only the interest on your loan for a set period instead of paying both principal and interest, resulting in the lowest possible monthly mortgage payment. In this guide, you’ll learn how interest…
A bank statement mortgage for self-employed borrowers is an alternative financing option that allows business owners to qualify for a mortgage based on their bank deposits instead of traditional tax returns. This type of loan is ideal for self-employed individuals…
One of the most crucial factors affecting your monthly payment and overall loan cost when securing a mortgage is your credit score. A higher credit score can mean a better mortgage rate, saving you money over the long term. In…
Buying a home is one of the most exciting milestones in life, but the financing side of things can be a minefield if you aren’t prepared. To help you breeze through your home-buying or refinancing process, I’ve put together a…
Paying Down Your Mortgage Faster For many homeowners, making an extra mortgage payment here and there seems like a smart move—and in many cases, it is. Paying a little more toward your principal can shorten the life of your loan…
Why Spring is a Prime Time for Real Estate Spring consistently ranks as one of the most active seasons in real estate—and for good reason. The weather improves, daylight lasts longer, and families often prefer to move before the next…
Applying for a mortgage is an exciting step toward homeownership, but it’s important to approach the process carefully. Certain financial decisions made before and during the application process can impact your approval and loan terms. To help ensure a smooth…
Buying a home is an exciting journey, but it comes with its share of expenses—one of which is closing costs. Many first-time buyers are surprised by these additional costs, which can add up to thousands of dollars. As a mortgage…
