With so much change in the mortgage and real estate markets as a result of the Covid-19 pandemic, homebuyers looking to purchase a newly constructed high cost property have found jumbo home loans harder to get as many lenders have tightened eligibility requirements for these types of loans. What Is A Jumbo Home Loan? A […]
The mortgage loan process may seem far from simple. There’s a lot that happens between your initial consultation and your loan being funded. Here, we’ll walk you through it, step by step. We’ll explain every major step of home loan processing. Of course, there are many factors in play here, so no one can guarantee […]
There’s just something special about building your own house. Whether building a home has been part of your long-term plan, or it’s a new strategy due to the shortage of existing homes to buy, various aspects of our economy are affecting new construction timelines and costs. Here are four things you need to know: Although […]
Building a home is one of the most satisfying projects you’ll ever undertake. It’s also a project that can take time to reach completion, especially with the ongoing effects of pandemic supply chain interruptions. As you prepare to apply for your mortgage — and throughout the entire construction process — it’s critical that you maintain […]
There’s been a lot of talk in the news lately about mortgage rates and the affordability of building a home. Some homebuyers have found that an adjustable rate mortgage (ARM) is a good option for them. Since no financial solution is right for everyone, we want to introduce you to ARMs and invite you to […]
Buying a house calls for a sizable, upfront investment, one that is typically dependent on personal savings collected over many years. If you plan to buy a house in the next couple of years, and have ample income and assets, you’re already halfway there. That down payment that you’ve heard so much about? It’s within […]
If you’re considering buying that first home you’ve been dreaming of, you may be wondering if you’ll qualify for financing – and you’re not alone. Recent research conducted by Fannie Mae found that many consumers hesitated to apply for a mortgage because they had concerns that their credit score was not high enough to qualify […]
One of the biggest decisions you’ll make when starting your home construction journey surrounds which type of mortgage is right for you. Let’s break down the differences between FHA* and conventional home loans, and then review situations that often make sense for each type. Even if your situation doesn’t align perfectly with the scenarios described […]
Building a new home is one of the largest — and most meaningful — projects you’ll ever undertake. That’s why it’s a good idea to explore ways you can secure a mortgage with lower monthly payments. You can take some of these recommended steps right now, while others are actions you’ll want to discuss with a […]
Business is all about creating efficiencies — both for the customer and the organization itself. When you’re efficient, you get more done, you solve more problems, and you have happier customers. This is never more true than in the mortgage industry. Most lenders are able to offer similar mortgage rates, but getting the buyer to […]