It's virtually impossible to change your credit score in the time between when most people decide to buy a home or refinance their mortgage and when they apply. So the short answer is, you really … [Read more...]
How’s Your FICO Score?
In today's increasingly automated society, it should come as no surprise that when you apply for a mortgage, your ability to pay can be reduced to a single number, your credit score. All the years … [Read more...]
How Do You “Buy” a Better Mortgage Interest Rate?
Shopping for the best mortgage rate can be a time-consuming and stressful process. Borrowers want the best mortgage rate to save money on their monthly mortgage payments and reduce the amount of … [Read more...]
Broker Services
Mortgage Broker vs. Loan Officer What is the difference between a mortgage broker and a loan officer? Are you better off working with one rather than the other? While either a mortgage broker or … [Read more...]
Debt-to-Income Ratios
Debt-to-Income Ratio When applying for a loan you will often hear your mortgage adviser talk about your debt-to-income ratio. This is simply a comparison of your monthly obligations to your total … [Read more...]
Why Might You Need an Appraisal? How Do Appraisals Work?
Home appraisals help homebuyers and homeowners to get approved for a mortgage. Whether buying a home or refinancing your current home, home appraisals are necessary. Mortgage lenders require a … [Read more...]
What’s the Difference Between Pre-Qualification and Pre-Approval?
Once you begin to look for your new home, your Real estate agent will ask if you have been pre-qualified or pre-approved for a mortgage loan. Completing this process will put you in a better … [Read more...]
Should You Talk to a Mortgage Professional Before House Hunting?
Absolutely! Many Real estate agents require that you talk to a mortgage professional before you begin house hunting. They will want to know that you have been "pre-qualified" as well as the price … [Read more...]
Financial Planning
Mortgage Financial Planning Services: At Marimark Mortgage, we provide more than just a mortgage. We provide a complete mortgage planning strategy, which includes the following … [Read more...]
Real Estate and Mortgage Glossary
ABSORPTION RATE- The ratio of the number of properties in an area that have been sold against the number available. Used to show the volatility of a market. ABSTRACTION METHOD- This method of … [Read more...]
