What is a down payment and how much is considered enough?
Buying a home in the near future? Here are some common mistakes to avoid during the home buying process to make sure your transaction goes smoothly! -Don’t Make an Expensive Purchase It’s best to avoid making major purchases like furniture, cars, appliances, electronic equipment, jewelry, or vacations until after the closing. Financing large purchases with […]
Check out our brief educational video on mortgage PMI. Did you know there are two different kinds of PMI? Borrower paid and lender paid! Learn about it in this short video below. Private mortgage insurance, also known as PMI, is generally required when you purchase a home with less than 20 percent down. The extra […]
When it comes to big decisions like purchasing or refinancing your home, you definitely want to evaluate your lending options and make sure that you choose the best option for you. For many people, it’s easy to just choose the bank that does the most advertising since they are at the top of your mind. […]
Definitions of Common Mortgage Terms New to the mortgage world? The acronyms alone are enough to leave your head spinning. So I’ve compiled a list of common mortgage terms and definitions to help us both. Something that you still don’t understand during your process working with your broker? Don’t hesitate to ask, we are here […]