by Summit Mortgage Corporation | Jun 15, 2018 | benefits of buying a home, Chris Jordan, HELOC, Home Buying Process, home equity, home equity line of credit, home loan options, home loans, second mortgage
Obtaining a second mortgage may be a useful tool when helping prospective buyers and current homeowners reach diverse financial goals. A second mortgage allows you to use any equity that you have in your home as security against another loan. Below are three...
by Summit Mortgage Corporation | Jun 15, 2018 | benefits of buying a home, Chris Jordan, HELOC, Home Buying Process, home equity, home equity line of credit, home loan options, home loans, second mortgage
Obtaining a second mortgage may be a useful tool when helping prospective buyers and current homeowners reach diverse financial goals. A second mortgage allows you to use any equity that you have in your home as security against another loan. Below are three...
by Summit Mortgage Corporation | Jun 8, 2018 | credit, credit score, Home Buying Process, homeownership, Mortgage Myth, Mortgage Myths
Mortgage Myth: “My credit score isn’t perfect. I don’t think I’ll be able to qualify for a home loan.” Truth: Your credit score doesn’t need to be perfect in order to qualify for a mortgage. Lenders will look at your whole financial package when assessing your...
by Summit Mortgage Corporation | Apr 17, 2018 | Andrew Lamont, Home Buying Process, home loans, homeownership, local lender, mortgage banker, pre-qualification, real estate market, Vancouver, Washington
Up until the past few weeks, my only personal experience with a real estate transaction was with purchasing my first home four years ago. However, as a local mortgage banker and licensed transaction coordinator, I’ve spent the past 12 years helping...
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 | Mar 16, 2018 | down payment assistance, down payments, FHA home loan, Home Buying Process, Mortgage Myths, USDA home loan, VA home loan
Mortgage Myth: “I’ll need a lot of cash in order to buy the home I want. I’ll never be able to save up enough money for a down payment.” Your actual down payment amount will depend on what type of loan you qualify for and a variety of other factors. There are...
