by sgomes | Aug 9, 2024 | Mortgage, Mortgage Rates
A recent decrease in interest rates has spurred a significant uptick in mortgage refinance applications, according to the latest data from the Mortgage Bankers Association (MBA). While overall mortgage application volume saw a notable increase, the majority of this...
by sgomes | Aug 2, 2024 | Mortgage
When applying for a mortgage, one critical step that stands between you and closing the deal is the underwriting process. The core function of underwriting is evaluating your financial standing, which determines your eligibility for a mortgage. It is based on factors...
by sgomes | Jul 12, 2024 | Finance, Housing, Mortgage
If you’re planning to buy a new home, chances are you are also planning to hire an agent to represent you. Most home buyers use a buyer’s agent to support at least part of their home-buying process. However, there are exceptions when buyers either prefer to contract...
by sgomes | Jul 5, 2024 | Finance, Housing, Mortgage
If you are new to home buying, or if it’s been a while since you bought a house, here’s a step-by-step overview of how the process works. 1. Determine your Budget Select a lender to get pre-qualified, or better yet, get pre-approved. the pre-approval process...
by sgomes | Jun 28, 2024 | Finance, Housing, Mortgage
Earnest money is a deposit made by the buyer upfront when purchasing a home. It is often referred to as a good faith payment, demonstrating to the seller your serious intent to purchase the property once certain conditions are satisfied. To safeguard the deposit, a...
by sgomes | Jun 21, 2024 | Finance, Mortgage
As you probably know, your credit score plays a crucial role in your ability to buy a home. But most people don’t know how much it impacts their monthly payments and the total amount they’ll spend on their mortgage. Not only does it help you qualify for a mortgage,...
