The Importance of Saving for a Down Payment   Saving for a down payment is a critical step in the home-buying process. A down payment is a lump sum of money paid upfront to the lender, which represents a portion of the total cost of the home. The amount of the down payment can vary, […]

Fixed mortgage rates are falling While rates have been steadily climbing for variable mortgages, fixed mortgage rates have been moving in the opposite direction. Certain lenders and national brokerages have been gradually dropping rates for select terms since the start of the month. Average nationally-available deep-discount 5-year fixed mortgage rates are now about 20 basis […]

Looking to buy a home? Learn more about the pre-approval process!  The pre-approval process for a mortgage application involves several steps. First, the borrower must submit a mortgage application, which includes personal and financial information, such as income, assets, and credit history.    Next, the lender will review the application and conduct a credit check […]

Benefits of Home Ownership There are so many benefits to home ownership, so here are 5 reasons why you should look into buying a home today!   1.Building equity: Every mortgage payment you make is essentially money in the bank, as you’re building equity in your home.   2.Tax deductions: Homeowners can often deduct mortgage […]

  Are you thinking about buying a home and wondering what to expect during the mortgage process? Here’s a quick overview of the different stages and what you can expect at each one:   Pre-approval: During this stage, you’ll provide your lender with information about your income, assets, debts, and credit history. They’ll use this […]

The Banks Vs Mortgage Brokers   If you’re questioning why to use a Mortgage Broker vs. the Bank, here are a few reasons you might want to consider before deciding.   Get independent advice on your financial options. As mortgage brokers, we have access to hundreds of different lenders. We negotiate on your behalf. Many […]

The Benefits Of A Cash-Out Refinance: In addition to the amount of cash you can gain, getting a cash-out refinance can come with other benefits, too.   Low-Cost Home Improvements   You Could Secure A Better Loan   Boost Your Property Value   Maintain One Payment   Low Interest Rates   You May Get A […]

Can You Roll Student Loans Into A Mortgage?   Rolling student loans into a mortgage is possible with the right loan and enough equity in the home. Equity is the difference between your home’s value and your current outstanding mortgage balance. It’s the money you could walk away with if you sold your house today. […]

The Conventional Home Loans A conventional mortgage loan is a “conforming” loan, which simply means that it meets the requirements for Fannie Mae or Freddie Mac. Fannie Mae and Freddie Mac are government-sponsored enterprises that purchase mortgages  from lenders and sell them to investors. This frees up lenders’ funds so they can get more qualified […]

5 Inflation-Busting Financial Tips Feeling deflated by inflation? These 5 tips can help reduce the impact of surging prices on your wallet. Forget splurges and discretionary spending; it’s getting harder to pay for life’s essentials. Housing, food, transportation — necessary expenses for most people — are among the spending categories that have seen the biggest […]