by Summit Mortgage Corporation | Jan 11, 2017 | Federal Housing Administration, FHA, FHA home loan, home buying, home loan options, home loans, HUD, Miles D. Rusth, Miles Rusth, mortgage, Mortgage Industry News, Mortgage Insurance Premium, mortgage news, reduced rates
Exciting news from the Federal Housing Administration (FHA)! The improving housing market has lead to the announcement that the annual Mortgage Insurance Premium (MIP), that most borrowers pay, will be reduced by a quarter of a percent. These new rates are...
by Summit Mortgage Corporation | Oct 26, 2016 | credit report, credit score, free credit report, home buying, Home Buying Process, home loans, Miles D. Rusth, Miles Rusth, mortgage, Resources
Your Credit Score & Why It Matters
Credit scores are important numbers derived from information found in your credit report. Your credit report and score shows lenders your credit history and helps them predict whether or not you will make future credit...
by Summit Mortgage Corporation | Jun 27, 2016 | Brexit, Home Buying Process, home financing, home loan, housing market, Industry News, mortgage, mortgages, refinancing
While we’re separated from the U.K. by an entire ocean, it still won’t stop ‘Brexit’ from having an impact on many elements of global and United States finance – which includes the real estate market. Britain’s decision to leave the European Union (EU) has...
by Summit Mortgage Corporation | Jun 22, 2016 | free consultation, home buying, Home Buying Process, home loan options, home loans, mortgage, pre-approval, pre-qualify
Do you know the first step you should take when you’re ready to buy a home? There are many things to consider once you start your search: finding the perfect neighborhood, searching for the right realtor, and most importantly, getting pre-qualified for a home...
by Summit Mortgage Corporation | Jun 22, 2016 | free consultation, home buying, Home Buying Process, home loan options, home loans, mortgage, pre-approval, pre-qualify
Do you know the first step you should take when you’re ready to buy a home? There are many things to consider once you start your search: finding the perfect neighborhood, searching for the right realtor, and most importantly, getting pre-qualified for a home...
by Summit Mortgage Corporation | May 20, 2016 | home loan, mortgage, piggyback mortgage, Resources
Simply put, a piggyback loan is a second mortgage or lien on top of the first mortgage. Hence the term, “piggyback”. One of the loans makes up the larger portion of the home’s value and the second loan makes up for whatever cash is needed to make up the standard...
