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Mortgage 101: Breaking Down Closing Costs
What are Closing Costs? Closing costs are the combined fees of what it costs to get a mortgage. These are paid at closing, which is how they get the name closing costs. Closing costs can be applied to both the buyer and the seller during the mortgage process, but today we are specifically talking […]
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Mortgage 101: How is My Credit Score Determined?
How is my credit score determined? This is a common question borrowers ask us. Today on the blog, we are talking about the factors that determine your credit score and how they can impact your credit. Your credit score is determined by five factors, the following information can help you make better choices regarding your […]
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Mortgage 101: Five Reasons to Ditch the Rent
Why Should Renters Consider Purchasing? Are you tired of renting? In this weeks Mortgage 101, we are highlighting five benefits of homeownership. 1. Lower Your Monthly Payment In many cases, borrowers find that they have been over paying for rent or rent increases have been hitting them hard in the past several years. Depending […]
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5 Home Buying Myths
There are a lot of myths about buying a home that are easy to bust. Here are a few of the big ones: Myth 1 I need a 20% down payment. This goes back to the days when lenders had far fewer options. Now, you can get a mortgage for as little as 1% down […]