How Much to Put Down on a House
November 3, 2021 | 3 min read | The mortgage process
If you are thinking about buying a home, a great place to start is planning for a mortgage down payment. Many often wonder how much money they should have saved for a down payment on a house. The answer depends on your overall budget, credit profile...
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What Not to Do During the Mortgage Process
October 29, 2021 | 3 min read | The mortgage process
Upon submitting a mortgage application and providing some brief documentation, you will receive a mortgage pre-approval. Pre-approvals are based on your current financial and credit information, so it is important to avoid things that may negatively...
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What is a Mortgage Note and Why is it Important?
October 28, 2021 | 2 min read | Owning a home, The mortgage process
A mortgage note is a legal document signed by the borrower at the closing, promising to repay your mortgage. Mortgage notes are contractual documents filed with the local government that state the agreed-upon terms of your loan and outline the prop...
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How Does a Cash-Out Refinance Work?
October 20, 2021 | 5 min read | Refinance, The mortgage process
Now is a great time to refinance as interest rates remain at all-time lows, and many homeowners are sitting on untapped equity. Your mortgage should change with your evolving financing needs, so if you have equity in your home and are looking for ex...
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How Long is a Mortgage Pre-Approval Good for and Why are They Important?
October 12, 2021 | 3 min read | The mortgage process
In today’s competitive real estate market, pre-approvals are more crucial than ever. Before you start the home buying process, it’s essential to understand the basics of the mortgage pre-approval process and how it may help you purchase you...
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What is Included in a Mortgage Payment?
October 8, 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, and w...
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What is an Appraisal? The Home Appraisal Process
October 6, 2021 | 5 min read | The mortgage process
Appraisals are a standard part of the home buying process, usually required on a purchase and refinance transaction. This page will outline everything you need to know about the home appraisal process ranging from preparing befor...
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What is Mortgage Insurance?
September 23, 2021 | 2 min read | Owning a home, The mortgage process
Mortgage insurance is an insurance policy that protects the mortgage company if you happen to default on your loan. There are different insurance policies that may be required when buying a home, but primate mortgage insurance (PMI) is one of the mo...
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How Long Does it Take to Build Credit?
September 21, 2021 | 4 min read | The mortgage process
Having an established credit history tells a story of how you have handled monthly debt obligations in the past and helps shed light on what type of borrower you may be. If you don’t have an established credit history or are looking to improve you...
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What are the 5 C’s of Credit?
September 21, 2021 | 3 min read | The mortgage process
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 also referred to as your ‘creditworthiness.’ The 5 C’s include c...
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