For most people, when they go to purchase a home, they don’t pay cash, so they need to obtain financing. However, not everyone’s financing needs are the same! Watch our #GoodToKnow…
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Mortgage Basics
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Underwriting is a process lenders use to assess risk before agreeing to approve a loan. The underwriting process verifies that the borrowers, the property and the documentation all meet the lender’s requirements for…
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When applying for a mortgage, everyone wants the process to be as seamless as possible. As a borrower, your biggest responsibilities are to be honest and to provide all the information your…
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A balloon mortgage is a mortgage that doesn’t fully amortize over the term of the loan. Instead, at the end of the loan term, a large portion of the principal balance is…
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Mortgage rates are constantly changing… so locking in a rate with your lender is usually a good idea. With a mortgage rate lock, your lender commits to honor a specific interest…