Preparing For a Down Payment: Year-End Savings Strategies
As the year comes to an end, you may be beginning to think about your financial goals for the new year. As aspiring homeowners, saving for a ... More
Preparing for Your Mortgage Approval
The “Do’s & Don’ts” of the home loan process Increased federal and state regulations governing today’s mortgage financing, both lenders and borrowers are having to work within stricter guidelines. Unstable rates also can make the process a bit more touchy as rate changes can affect ... More
Good Habits for a Smoother Loan Approval
With the increased federal and state regulations governing today’s mortgage financing, both lenders and borrowers are having to work a little harder to meet the guidelines to secure a mortgage loan approval. To improve your loan approval experience, here are some helpful tips and good habits you ... More
From Application to Home Ownership: How to Manage Your Credit
Before applying for a mortgage, borrowers need to build a plan for how they are going to manage their credit going into the mortgage application process as well as while they navigate through it. Lenders review credit reports for both credit score and credit habits as well as ... More
Increase Your Credit Score by 100 points in 60 days
With consumer debt at an all time high, stabilizing and increasing your credit score is a popular topic that endless companies and individuals offer their advice on. Summit Mortgage has been reviewing credit reports and scores for over 30 years, so take it from us: not all of that information you ... More
How Your Credit Score Affects Your Mortgage Rate
Does my credit score impact how much money I can borrow? A high credit score is your golden ticket to the best rate available on your home loan, which does impact the monthly payment and therefore does impact how much you can borrow. So if you are among ... More
Mortgage Options for People with Below Average Credit
When your credit score is low, your borrowing options are limited. But there is hope for your homebuying dream. Don’t get overwhelmed. There are programs available and people willing to help you. More
How to Get Out of Your Lease Agreement to Buy a House
Life is serendipitous, and so is the market for new homes. You never know when you are going to find your dream house. Sometimes, if you’re a first-time homebuyer, buying a new home requires getting out of a rental agreement early. Often, ... More
