23 Feb 2023
By Tawnya King

What Items Can Change My Mortgage Pre-Approval Status?

Mortgage
When you are purchasing a home, your lender may recommend you obtain a mortgage pre-approval before you find the home of your dreams. There are some benefits to being pre-approved before you find a home, but oftentimes, people confuse pre-qualifications with pre-approvals. So the question many buyers have is what exactly is a mortgage pre-approval? In a nutshell, it's when the lender provides you (the buyer) with a letter stating that your mortgage will be granted up to a specific dollar amount. What Do I Need For Pre-Approval? In order to obtain a pre-approval for your home purchase, you will…
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22 Feb 2023
By Tawnya King

The Job Of A Mortgage Loan Originator

Mortgage
Do you want to purchase a house? If you cannot pay cash for your house, you will need to apply for a mortgage. A mortgage loan originator can help you find the right mortgage to meet your needs. What are some of the job duties of a mortgage loan originator, and how can they help you with the financing process? Provide You With a Budget The house-hunting process can be exciting, but it can also be a bit stressful. How do you know if you can afford your dream house? This is one of the first jobs of a mortgage…
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16 Feb 2023
By Tawnya King

Why You Receive So Much Junk Mail After Closing On Your Home

Mortgage
Congratulations! You have finally closed on your home loan, and you are excited to get moved in. Or, you may have just refinanced your home, and you are excited to enjoy it. Regardless, all of a sudden, you start to get a bunch of junk mail in your mailbox. It can be frustrating to sort through everything, and how did they get your information in the first place?  Where Junk Mailers Get Your Personal Information First, there are a few locations where junk mailers may have gotten your personal information. Once your property deed is recorded, it goes into the…
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14 Feb 2023
By Tawnya King

What To Know About The 2-1 Buydown Program

Mortgage
You are probably excited to close on your home, but you may have also seen that your interest rate might be a bit higher. If you are looking for a way to save money, particularly if you have a lot of work to do on the home, you might be looking for a way to reduce your interest rate during the first couple of years. One option is to perform a 2-1 buydown. What do you need to know about this option, and how do you know if it is right for you? How A 2-1 Buydown Works This is…
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09 Feb 2023
By Tawnya King

What Is an Assumable Mortgage Loan: What You Need To Know

Mortgage
Everything has its benefits and drawbacks, and that includes mortgage loans. There are plenty of options available, and you need to find the best one to meet your needs. You have probably heard about conventional mortgages, FHA loans, and even VA loans. On the other hand, have you heard about assumable mortgages? What do you need to know about this option, and how do you know if it is right for you?  An Overview Of An Assumable Mortgage So, what is an assumable mortgage loan? This means that the buyer is responsible for taking over the mortgage obligations of the…
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08 Feb 2023
By Tawnya King

ITIN Loans: Are These Loans Right For You?

Mortgage
As you take a look at your mortgage options, you might find that a conventional mortgage presents a few qualification challenges. Fortunately, there are other options available, and you might be able to pursue an ITIN loan. This stands for Individual Tax Identification Number, and Individual Tax Identification Number loans could be beneficial for people cannot get approved for a qualified mortgage. What do you need to know about the process? What Are The Requirements Of An ITIN Loan? First, you need to get an Individual Tax Identification Number. While you do not need a Social Security Number, you might need to fill…
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07 Feb 2023
By Tawnya King

Why Your Kitchen Features Matter

Mortgage
If you are interested in purchasing a house in the near future, you need to pay close attention to your kitchen. The kitchen is considered to be the heart of the home, and you need to make sure the kitchen is laid out appropriately. You need the kitchen to match your expectations, but you also need to pick a kitchen that will help you maximize the value of your home if you decide to sell it down the road. What are a few of the most important examples of kitchen features you need to pay attention to? The Cabinets  Always…
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