Interest rates continue to be historically low! Watch our #GoodToKnow REALTOR® Amber Carlton and Angela Searls, Mortgage Lender with Valley Mortgage, discuss what this means for YOU, the consumer! #FMRealEstateUpdate #GoodToAsk…
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Mortgage Tips
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Jumbo mortgages almost completely disappeared during the mortgage meltdown. They’re available again in today’s mortgage market but lenders are taking a more cautious approach. Jumbo mortgages are home loans that exceed conforming…
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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…