Below you'll find a list of all posts that have been categorized as “Mortgage Loan Information”
Buying a home is a significant life event, and choosing the right realtor and lending team can make all the difference in ensuring a smooth and successful transaction. With so many real estate agents out there, it’s essential to find someone who understands your needs, knows the local market, and can advocate for your best interests.
Getting approved for a mortgage is a crucial step in realizing your dream of homeownership. It’s a process that involves several steps, paperwork, and financial assessments. While it may seem daunting, understanding the process can make it much more manageable. In this blog post, we’ll walk you through the key steps involved in getting approved for a mortgage, empowering you to confidently embark on your homebuying journey.
Divorce can be a very difficult time, not only emotionally but also financially. If you and your spouse owned a home together, you may now be wondering how to go about splitting up this big asset.
If you’ve been thinking of purchasing a home, you might have heard that you will need to have earnest money, closing costs, and of course, your down payment. It’s normal to wonder how all these things will stack up – we’ll help break it down for you.
It’s a common phenomenon in the mortgage industry – prospective buyers will disappear when asked to complete their application, never to be seen or heard from again. Some people find the mortgage application process overwhelming, stressful, or time consuming. Others don’t understand why it should be necessary. Let’s demystify it. What is a mortgage application? The mortgage application is an in-depth …
Many borrowers express concern about actually owning a home as opposed to the purchase process. What happens once you move in? How do you make sure you’re financially prepared? Here are some budgeting and finance tips to help you as you transition into home ownership.
Many borrowers, especially first time buyers, think that their mortgage terms will be the same no matter who they choose to work with. In reality, this is far from the truth. There’s a reason the 45-day credit shopping rule exists. During this 45-day shopping period, the impact on your credit is the same no matter how many lenders you consult, …
Megan Woissol | November 23, 2022 Most people have heard that to get pre-approved for a mortgage loan, you’ll be expected to provide proof that you have had employment over the last 2 years. It might seem cut and dry, but there’s a few common myths we hear from borrowers that we want to debunk. MYTH: You must have been …
Megan Woissol | September 19, 2022 Have you ever asked yourself, “Why should I buy a house?” Besides the obvious reasons, like freedom in your dwelling (i.e. having no landlord to obey), tax benefits, and savings, there’s another reason you may not have considered. Being able to pass financial stability on to your children is something many people never get …