There’s quite a bit of misunderstanding about homeowner’s insurance and how much protection it offers you, the homeowner. Depending on the type of loan you have, whether conventional or government funded, you’ll be required to insure your home in case of a disaster.
“What happens on closing day and after?” That’s a question we get asked often.
On closing day, you’ll sign documents to finalize the transaction and release the funds from your home loan. You’ll also receive digital or paper copies of all the signed documents plus the keys to your new home.
When talking about the benefits of owning a home, especially from a mortgage professional’s point-of-view, you often hear about the financial upside of homeownership. While it’s true that buying a home remains one of the most stable investments one make, there are many more advantages to homeownership.
In previous posts, we talked about the current rise in mortgage rates and whether it’s still a good time to buy a home (yes it is!).
Buying a home often means buying it alongside another person. It may be a spouse, a parent, with your adult child, a family member, or another significant other. If you plan on purchasing a home and plan on including another party, it’s important to know what to look for in a “purchasing partner” as well…
Digital convenience is essential in today’s world –even when applying for a mortgage. Submitting your home loan application and all the necessary documents with just a few clicks is not only easy, but it also makes the approval process faster and available to you where ever you are.
Home values change pretty quickly, which makes it tricky to get an accurate home value estimate without a professional. Whether you’re thinking about selling in the future or just curious, there are ways to find out the value of your home in a less official manner.
When talking about the affordability of a home, the focus is usually on how much you qualify for, your income, and your monthly bills. But did you know that the property itself also affects how much you can afford?
Our goal is to get your home loan to close as quickly as possible –we know that when it comes to making an offer on your dream home, time is crucial. Did you know that you also play an essential role in making your loan close fast?
Tax Day is just a few days away, like most Americans, you’re likely expecting a tax refund soon. While splurging on a dream trip or putting it in a savings account are both worthy of your refund, there are other things you could do that would make more financial sense.
Here’s something that might surprise you –an adjustable-rate mortgage (ARM) isn’t a bad loan! True, some years ago, this type of home loan was linked to the bubble burst in the housing market…
Summer is almost here! The weather isn’t the only thing that is heating up — so is the competition for buying a home! Warmer months are a favorite time for home buying so don’t be surprised…
Loans under Elite program will be fully funded by Summit Mortgage Banker’s own source of capital. Summit Mortgage Bankers is committed to help more families to achieve their dream of homeownership in America.
We received Freddie Mac approval as a direct seller. This was a greatest Christmas gift from Santa for all of our employees and customers of Summit Mortgage Bankers Inc.