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What Determines Mortgage Interest Rates? Factors that Affect Mortgage Rates

March 16, 2021 | 3 min read | The mortgage process
Many factors affect and determine mortgage rates which is why mortgage rates may fluctuate daily. When shopping for a mortgage, borrowers place a strong emphasis on getting a low interest rate. We outline some factors that may be in or out of your c...
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What is Included in a Mortgage Payment?

March 15, 2021 | 3 min read | The mortgage process
If you are thinking about buying a home or reviewing your current loan terms, you may be wondering what is included in your monthly mortgage payment. Your monthly payment will consist of the principal, interest, taxes, and insurance.  Pr...
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Should I Pay All Cash or Get a Mortgage?

March 15, 2021 | 3 min read | Owning a home
If you have the money to do so, you may be wondering if paying cash for a house or applying for a mortgage is the better option for you. There are many benefits to getting a mortgage when buying a home, especially in today’s low-rate environment. ...
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Should I Lock my Mortgage Rate Today?

March 12, 2021 | 3 min read | The mortgage process
Mortgage rates have been at historic lows and are predicted to rise, so people may be wondering “Should I lock in my mortgage rate today?” Mortgage rates fluctuate often, so if you are quoted a rate with monthly payments that fit within your bud...
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Second Home vs Investment Property: What are the Different Mortgage Requirements?

March 10, 2021 | 3 min read | Owning a home
When you buy a home and apply for a mortgage, the mortgage company will evaluate whether it is classified as a primary residence, second home, or investment property. The mortgage terms and requirements may vary depending on how the subject property...
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Mortgage Document Checklist: How to Apply for a Mortgage

March 9, 2021 | 5 min read | The mortgage process
If you consider purchasing or refinancing in 2021, familiarize yourself with our mortgage document checklist and guide on how to apply for a mortgage to get organized and help expedite your mortgage process. If you are ready to apply online&nbs...
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5 C’s of Credit: How it Impacts Your Mortgage

March 3, 2021 | 3 min read | The mortgage process
5 C’s of Credit: What to Know and how to Master your Credit  The 5 C’s of credit are a way for financial institutions to evaluate how responsible and trustworthy you are based on your ability to handle and repay debt obligations. This is...
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Mortgage Note: What is it and Why is it Important?

March 1, 2021 | 1 min read | Owning a home, The mortgage process
What is a Mortgage Note? A mortgage note is a document signed at the closing promising you will repay your mortgage. Mortgage notes are contractual legal documents filed with the local government that state the agreed-upon terms of ...
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How Long is a Mortgage Pre-Approval Good for? What to Know about Pre-Approvals

February 26, 2021 | 2 min read | The mortgage process
In today’s competitive real estate market, pre-approvals are more crucial than ever. Before you get started with the home buying process, it’s essential to understand the basics of a mortgage pre-approval and how long they will last. Typica...
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What to Know About Home Inspections: Home Inspection Checklist

February 24, 2021 | 4 min read | The mortgage process
A home inspection is an essential step in the home buying process. When making such a significant financial decision, it is crucial to understand the property's current state. The inspection will notify you of any problems or necessary repairs ...
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