Articles & Advice

When purchasing a new home or refinancing a current home, you will always encounter the same lineup of employees. To help you understand who will be part of the process of your home loan, here's a breakdown of each person and the role they play.    Talking...

Have you ever wondered how a mortgage lender gets paid? It’s a common question when it comes to buying a property but also one that often seems to confuse the average homeowner. Mortgage lenders have various avenues in which they can make money, from origination...

For most sellers, it’s fully expected that buyers will have pre-approval from a lender before they start negotiating. However, you should also know that a mortgage lender will always ask for things like proof of assets and documentation relating to your income and employment.  In this...

Buyers benefit from having a loan officer on board during the application process. For most buyers, this means they can ensure the right documentation is compiled for their application. It’s also a great way to save time, for a loan officer will already know about the...

Is Refinancing Possible with Bad Credit? Homeowners with a bad credit score will often worry about not being able to refinance their mortgage. However, bad credit doesn’t necessarily mean that you cannot refinance your mortgage and a sub-par rate is often the only price that homeowners...

Good morning,   We have great news in the housing market this morning. The pending homes sales report showed an 8.8% increase from the prior month. This is the highest month over month gain that we have seen since this measurement started around 20 years ago. This...

Buying a home is often a long process and this is certainly true when you might have delays relating to applying for a home loan. While you might want “as much home as possible”, it’s important to remember that your credit score is there for...

What Role Does a Prequalification Letter Play When Buying a New Home? While some might wonder how important a prequalification letter is, sellers’ ask for this letter by mistake. It’s true, a prequalification letter is not concrete approval but it at least lets the seller know...

Saving for a down payment is always a good idea but not always an option for home buyers that want to get on the property ladder sooner rather than later. It’s also challenging to save at a time when the cost of living is so...

The Federal Housing Finance Agency announced an additional fee for refinances on Wednesday August 12th. The new fee applies to refinances and is 0.5% of the loan amount. Fannie Mae and Freddie Mac have also announced they will implement this new fee. Unfortunately, this is something...