Which Loan Is Right For Me?: Conventional vs Government-Insured Loans

We know that purchasing a home is a daunting task for anyone, but especially first-time homebuyers. There are many different types of loans available and it’s important to understand each major type to ensure you’re able to make an informed decision.

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4 Common Home Buying Mistakes

When first-time home buyers come to us, we take the time to explain all the ins and outs of the mortgage process. We teach them what to look for and common home buying mistakes to avoid.

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Three Reasons to Get Pre-approved Early

It's generally best to obtain pre-approval early - before starting to look at homes. We recommend getting pre-approved as early as six months to a year in advance.

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Conventional Loan Guidelines

Conventional loan guidelines were created by the government and are enforced to protect the lender, borrower, and investor.

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How Long Is a Mortgage Pre-approval Good For?

In order to obtain a mortgage pre-approval, the buyer needs to provide their lender with a picture of their financial situation. After receiving the documentation, the lender analyzes the buyer’s information and determines if they’re eligible for a loan. If they are, the lender issues a mortgage pre-approval for a certain amount.

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How Do Lenders Verify Income?

Regardless of where you get a mortgage, you will always need three things - income, credit, and money down - and you’ll need the proper documentation for each.

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The HELOC vs. Home Equity Loan Dilemma: What’s the Best Choice?

HELOCs and Home Equity Loans are two financial tools that allow homeowners to leverage the equity in their homes, but they operate differently and serve different purposes.

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Taxes, Insurance, and Escrow

Taxes, insurance, and escrow not only affect individual home loans, but also contribute to the entire housing market.

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How Obtaining a Home Loan With Mortgage Specialists Can Outshine Traditional Banking

While we understand that interest rates are a key element when choosing a loan, they shouldn’t be considered as the only factor. Choosing a local mortgage broker for your home loan can make a somewhat stressful journey a whole lot smoother, as they can truly be a personal guide.

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Understanding Credit Inquiries and Deduping

Comprehending credit inquiries and how they differ allows individuals to make informed decisions, while the deduping process ensures the accuracy and fairness of credit reporting.

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