by Jeremy Brock | Jan 2, 2023 | 31 Questions
WHAT TAX BENEFITS ARE AVAILABLE WITH A HOME MORTGAGE? Tax benefits are one of the many perks that come along with taking out a mortgage. Homeowners are able to deduct the interest from their mortgages when filing their taxes, which can significantly reduce how much...
by Jeremy Brock | Jan 2, 2023 | 31 Questions
WHEN IS MY FIRST PAYMENT DUE? When you take out a mortgage, your first payment will be due soon after you close on your home. This payment is usually due following month after closing, depending on the terms of your mortgage agreement. If you miss this payment or any...
by Jeremy Brock | Dec 31, 2022 | 31 Questions
WHAT ARE THE DIFFERENT TYPES OF MORTGAGES? There are a variety of different types of mortgages available, each with their own unique features and benefits. Some of the most common mortgage types include FHA mortgages, VA mortgages, USDA loans, conventional mortgages,...
by Jeremy Brock | Dec 31, 2022 | 31 Questions
WHAT DOCUMENTS WILL I NEED? Looking to buy a home or refinance an existing mortgage? Then you’ll need to do some research and collect the necessary documents in order to get approved for your loan. Some of the key documents that you may need include: Pay Stubs...
by Jeremy Brock | Dec 31, 2022 | 31 Questions
WHAT IS PMI, AND IS IT REQUIRED? PMI, or private mortgage insurance, is a type of coverage that helps protect your mortgage lender in the event that you are unable to make payments on your home. This can include several different types of costs and fees related to...
by Jeremy Brock | Dec 31, 2022 | 31 Questions
WHAT DOES DTI MEAN AND HOW WILL IT AFFECT MY MORTGAGE? In the world of home mortgages, DTI is a crucial factor that lenders consider when deciding whether to approve your application. This measure, often referred to as your debt to income ratio, simply refers to the...
