by Summit Mortgage Corporation | Jul 13, 2018 | home buying, Home Buying Process, home loan, home loan process, mortgage, Mortgage Myths, pre-qualified
Mortgage Myth: “The home loan process is complex and confusing. I don’t know where to start with home financing or who to talk to in order to begin the process of buying a home.” Truth: Buying a home may be the biggest investment you’ll make in your lifetime,...
by Summit Mortgage Corporation | Jul 13, 2018 | home buying, Home Buying Process, home loan, home loan process, mortgage, Mortgage Myths, pre-qualified
Mortgage Myth: “The home loan process is complex and confusing. I don’t know where to start with home financing or who to talk to in order to begin the process of buying a home.” Truth: Buying a home may be the biggest investment you’ll make in your lifetime,...
by Summit Mortgage Corporation | Apr 20, 2018 | direct lender, home buying, home loans, loan programs, mortgage lender, Mortgage Myths, Oregon, Portland, Spokane, Vancouver, Washington
Mortgage Myth: “All mortgage lenders offer the same programs and rates. I should get a loan with my bank because that will likely be most convenient.” At Summit Mortgage Corporation, we’ll be the first to tell you that mortgage lenders are not all the same....
by Summit Mortgage Corporation | Mar 30, 2018 | Annual Credit Report, credit report, credit score, free credit report, home buying, Home Buying Process, Lloyd White Jr., mortgage, Oregon, Portland, Resources, Vancouver, Washington
A common question we hear from many prospective home buyers is: “Will my credit score be good enough to help me qualify for a home loan?” Your credit score shows lenders that you can make payments on time and that you have a history of doing just...
by Summit Mortgage Corporation | Jan 19, 2018 | debt-to-income ratio, Fannie Mae, home buying, Home Buying Process, home loans, Mortgage Myths, Oregon, student loan debt, student loans, Washington
Mortgage Myth: “College was expensive and, as a result, I have a lot of student loan debt. There’s no way that I’ll be able to buy a home in the near future!” If you have student loan debt, you’re not alone. In fact, you’re in the good company of over 40 million...
by Summit Mortgage Corporation | Jun 28, 2017 | buying a home, equity, home buying, Home Buying Process, homeownership, mortgage, Oregon, Portland, rent vs. buy, Sue Weaver, Trulia, Vancouver, Washington
The economy is strong and jobs are plentiful in Portland. In fact, the current unemployment rate here as of April 2017 was 3.4 percent, a full 1.3 percentage points lower than the national average. So why be a renter? Not only is it cheaper to buy than rent in...
