27 Jul 2022
By Tawnya King

The Top Questions To Ask A Mortgage Lender

Mortgage
With many people interested in taking out a home loan, it is critical for potential homeowners to think carefully about which loan structure is right for them. There are a lot of home loan options out there, and potential homeowners need to make sure they consider the benefits and drawbacks of all options. This means asking the right questions. What questions do you need to ask your mortgage lender? How Big Of A Down Payment Do I Need? The first question you need to ask your mortgage lender is about the down payment you need to make. A smart rule of thumb…
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09 Mar 2022
By Tawnya King

How Long Does A Refinance Take?

Mortgage
If you want to save money on your mortgage, refinancing your house could be a great move. As long as you have plenty of equity and a great credit score, you should be able to qualify for the refinance process. At the same time, you might be wondering, how long will it take you to refinance your house? There are several factors to keep in mind, so be sure to work with a professional who can walk you through the process. It Usually Takes A Month Or Two In general, refinancing your home loan will take a month or two.…
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08 Mar 2022
By Tawnya King

Why Did My Application For A Refinance Get Turned Down?

Mortgage
If you want to save money on your home loan, you might want to refinance. During the refinancing process, you could secure a better interest rate on your home loan. You could also withdraw cash from your home’s equity value to cover other expenses. Similar to a regular mortgage application, some refinance applications are denied. Why is this the case, and what should you do next?  Your Debt To Income Ratio Is Off One of the most common reasons why an application for a home refinance is turned down is that the applicant has too much debt. The lender will…
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25 Feb 2022
By Tawnya King

How Can You Secure A Better Interest Rate When Refinancing Your Home Loan?

Mortgage
If you want to save money on your home loan, you may want to consider refinancing. During the refinancing process, you will replace your existing home loan with a new one; however, you want to secure the lowest interest rate possible. How can you get a better rate on your mortgage during the refinancing process?  Consider Refinancing Your Home Loan To A Shorter Term If you can create less risk for the lender, you can get a lower interest rate. One of the ways to do so is to refinance your home loan to a shorter term. If the average…
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15 Feb 2022
By Tawnya King

Making Sure You Are Ready To Take On A Mortgage

Mortgage Tips
There is so much to know when it comes to homeownership that even wading into all of the information can seem overwhelming, but if there's one thing you need when the time comes to purchasing a home, it's to be prepared. Here are a few ways that you can ensure you're ready for what a mortgage entails so that buying your dream home will be a positive experience you won't regret. Consider All Of Your Options Instead of accepting the mortgage that your bank is offering you, it's very important to do some research and determine what some of the…
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12 Jan 2022
By Tawnya King

Does Shopping Around for A Mortgage Pre-Approval Hurt Your Credit Rating?

Mortgage
Smart homebuyers know that mortgage rates and terms can vary widely among lenders. While your credit score and history will influence what rates and terms you’re offered, there’s a wide range of flexibility, which means shopping around for a pre-approval makes sense. At the same time, it’s important to minimize credit inquiries to protect your credit rating. What is Mortgage Pre-Approval? Mortgage pre-approval is often mistaken for mortgage pre-qualification. Pre-qualification is a process whereby the borrower personally submits their financial information to the lender. Pre-approval is the process whereby the lender does their own vetting regarding the income, debt and…
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