Buying a home sprouts so many questions about the mortgage process. Discover the answers to the most frequent questions homebuyers ask, like how to verify assets for lenders, what documentation is needed when applying for a mortgage, and more with our mortgage FAQ’s articles.

A Guide to Mortgage Buydowns

For some prospective homebuyers, rising interest rates might make it feel like the dream of homeownership is slipping away. The good news is that even in a high-rate environment, you have multiple strategies to help you lower your interest rate or the total cost of your loan. One such strategy is the mortgage buydown. Mortgage […]

Using Gift Money for a Down Payment on a Home

Saving up tens of thousands of dollars for a down payment can be a daunting challenge, especially if you’re a first-time homebuyer. That’s why a significant monetary gift from a generous family member can be a game changer when you’re working out the finances of buying a home. However, when using gifts for a down […]

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The Lowdown on Conventional Mortgage Loans

Conventional mortgages make up most of all home loans in the U.S., and it’s the one most borrowers think of when they think of mortgages. It’s what you might think of as a traditional, garden-variety mortgage, but that doesn’t mean it doesn’t have its strengths – there are a lot of benefits to this type […]

couple calculating their credit score

How Credit Affects Mortgage Rates

Let’s give credit where it’s due – to you. You’re here because you’re looking into how your credit score affects your ability to buy or refinance a home and to understand how your credit can impact the rates you’re offered. You likely know that your credit score matters and it is one of the primary […]

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Understanding the Ins & Outs of a Home Appraisal

“How do home appraisals work?” may not be on everyone’s list of burning questions, but if you’re buying, selling or refinancing a house, it should be on yours. And there’s a whole host of questions that goes along with that one, from what you can expect to how much it costs to what’s in that […]

person using checklist for personal assets

How Do You Verify My Assets?

You’re ready to purchase a home and step into a new chapter of your life. Or maybe you’re ready to refinance, which also means a new chapter. You could save money on your mortgage every month and then take cash out to pay off credit card debt, afford a new home renovation or go on […]

Documents needed for a mortgage loan

What Income Documentation Do I Need?

Despite the fact that it may be the largest financial transaction you will ever make, advancements in technology have made it easier than ever to pre-qualify and then to officially apply for a mortgage loan. When applying for a home loan, specific documentation such as income verification or asset verification is required (you can read […]

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