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 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 | May 17, 2024 | Finance, Mortgage
The current market for second mortgages is experiencing a significant increase in demand among homeowners. This surge in popularity is driven by various factors, including: Rising Home Values: As home values continue to increase, homeowners are finding themselves with...
