Introduction The dream of homeownership is a significant milestone for many individuals and families. However, the path to securing a mortgage can be hindered by a less-than-stellar credit score. Before you start looking for a home, it is important to know where you credit stands. Once you know your credit score, you can begin to…

Introduction Buying a home is an exciting and complicated process. To purchase a home you need a pre-approval from a creditable lender and you can only get a valid pre-approval through through a hard pull on your credit score. A hard credit pull comes with pros and cons that you should consider before having a…

Introduction Buying a home is a significant milestone in your life, marking a transition from renting to homeownership. It is an exciting yet complex process that involves numerous steps. One of the most important advisors in this journey is your mortgage lender. The role of a mortgage lender goes beyond quoting and locking an interest…

Introduction When it comes to getting a mortgage, most prospective homebuyers focus primarily on the interest rate. While the interest rate is a major factor, it does not tell the whole story of the cost of borrowing. Another important metric to consider is the Annual Percentage Rate or APR. Although the APR does not consider…

Introduction The age-old debate of whether to rent or buy a home continues to rage on.  The decision is more than a choice between four walls and a roof. For most people, it is an important decision that balances short term needs with longer term financial goals. In this article, we will explore the differences…

Introduction Buying a home is an exciting and momentous step in your life. To get a mortgage to purchase your dream home, your lender will need to get an appraisal on the new home. How this appraisal turns out will determine if you can buy this home and under what terms. In this article, we…

Introduction In the changing landscape of the economy, one of the key factors that homeowners and potential homebuyers need to keep a watchful eye on is inflation and how it impacts mortgage interest rates. Inflation is defined as the increase in the overall price level of goods and services in an economy. Because it influences…

Introduction Owning a home is a significant achievement that brings not the joys of homeownership but also potential financial opportunities. One such opportunity is a cash-out refinance, a transaction that allows homeowners to leverage their home equity. In this comprehensive guide, we will explore how a cash-out refinance works, including its benefits and potential risks…

Managing a mortgage involves more than just making monthly payments. One crucial aspect that often catches homeowners off guard is the management of escrow accounts. Understanding how escrow works in relation to taxes and insurance is vital for maintaining financial stability and peace of mind. In this comprehensive guide, we will discuss the intricacies of…

Embarking on a new career opportunity is an exciting prospect. When you are in the process of getting a mortgage, taking a new job can create many challenges. The decision to change jobs while navigating the complexities of the mortgage application process requires careful consideration and strategic planning. We will discuss the crucial aspects you…