It’s no secret that your credit score can impact the interest rate on your mortgage. In fact, a 100-point swing could cost you or save you thousands of dollars. A high credit score along with your DTI (debt-to-income ratio) and your financial history will get you the lowest interest rates […]
3 Questions regarding Private Mortgage Insurance (PMI)
Are you confused about the mortgage insurance programs? Most homeowners already know about PMI or private mortgage insurance whereas most prospective home buyers may not be familiar with the term. PMI is a specific kind of insurance attached to a mortgage loan when the buyer (borrower) doesn’t put down at […]
6 Questions to Answer Before Submitting a Mortgage Application
After two years of living with the pandemic, the housing market is starting to heat up again. Many individuals want extra space in their homes. Unfortunately, with so many prospective buyers searching for a home, housing inventories are extremely low and the competition has never been more intense than what […]
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