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...
by Summit Mortgage Corporation | Mar 2, 2018 | Closing Cost Credit, Home Buying Process, loan pre-qualification, new construction, new home, pre-qualification, Robert Williams, Sebastian Heights, Vancouver, Washington
As an avid concert-goer, there’s nothing I love more than a night out enjoying the sights and sounds of Portland. With great venues like the Crystal Ballroom and Revolution Hall, the city has drawn in exceptional performers over the years. And the ability to...
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 | Jul 24, 2017 | condominiums, condos, condos in Portland, Home Buying Process, homeownership, Oregon, Portland, Sue Weaver, Trulia, Vancouver, Washington
With so many home options available, it can be hard to choose the right one. Often times overlooked are condos and townhomes. Condos in Portland or Vancouver are great for investors or even retirees, but why not a condo for a first-time home buyer or even a...
by Summit Mortgage Corporation | Jun 29, 2017 | Deb McElveny Home Loans, Debra McElveny, Home Buying Process, Oregon, The VABA, The Veterans Advocacy and Benefits Association, U.S. military, VA home loans, Veterans, Veterans Affairs home loans, Washington
Senior Mortgage Banker, Debra McElveny, is an accredited member of The Veterans Advocacy and Benefits Association. One of Deb’s passions is helping our American heroes with home financing needs and providing our veterans with valuable resources, like The...
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...
