Purchasing a home is one of the most significant financial commitments anyone will make. So, determining how much you can comfortably afford to spend on a home is one of the key steps in the … [Read more...]
Understand Your Mortgage Amortization Schedule and Save Money
As homeowners begin to make payments on their mortgage, their home loan begins to mature, a process known as amortization. With an amortization schedule, homeowners will know exactly how much money is … [Read more...]
What are the Costs of Buying a House and Getting a Mortgage?
When people think about buying a home and getting a mortgage, they often think about the monthly payment and down payment. But there are more costs involved with buying a home, which homebuyers need … [Read more...]
Pros and Cons of a Fixed-Rate Mortgage
There are several different things to consider when getting a mortgage, including whether you want a fixed-rate mortgage or adjustable rate mortgage. In the end, most people will decide that a … [Read more...]
Basics of Getting a Mortgage
It's awesome to dream about owning a new home. But when it comes time to getting a Realtor and making appointments to view prospective properties, it's serious work. When seeking to buy a home, the … [Read more...]
Importance of a Home Mortgage
It’s a very exciting moment any time someone purchases a home. It’s a big undertaking, but it is a happy one too. For homebuyers, it's a dream come true. And for Realtors, it's a chance to help a … [Read more...]
Conventional Mortgage, 5% Down Payment, 100% from Gift Funds
See this flyer for one of the most popular loan products for homebuyers. This product is a conventional loan, which allows for a 5% down payment which can be satisfied 100% from gift funds. There … [Read more...]
97% Conventional Financing is Back
Just over a year ago, Fannie Mae (FNMA) discontinued its loan program allowing borrowers to purchase a home with just 3% down, thereafter requiring a minimum of 5% down to qualify for conventional … [Read more...]
Condo Mortgage Infographic
Embed this infographic on your site: Source: Condo Mortgages - Inforgraphic by Marimark Mortgage About The Infographic It's more difficult to qualify for a Condo Mortgage than a single family … [Read more...]
4 Phases of the Mortgage Approval Process
The mortgage approval process consists of four phases which are often confusing to borrowers: Pre-Qualification, Pre-Approval, Conditional Approval, and Clear to Close. #1 Mortgage … [Read more...]
