by Jeremy Brock | Dec 31, 2022 | 31 Questions
HOW TO CALCULATE A COMPLETE MORTGAGE PAYMENT? When calculating a mortgage payment, it is important to consider the principal and interest that make up the bulk of your monthly payment. In addition, you will also need to factor in any taxes, insurance costs, mortgage...
by Jeremy Brock | Dec 31, 2022 | 31 Questions
WHAT ARE THE CURRENT MORTGAGE RATES? HOW LONG ARE THEY GOOD FOR? When it comes to getting a home mortgage, there are many factors that will determine the interest rate you will be offered. Your credit score, the size of your down payment, and the type of loan program...
by Jeremy Brock | Dec 31, 2022 | 31 Questions
WHAT IS THE MAX I WOULD BE QUALIFIED FOR? When trying to determine the maximum mortgage you can buy, there are a few factors that will play a role in determining this. Some of these include the type of property you are buying, your income and credit score, and any...
by Jeremy Brock | Dec 29, 2022 | 31 Questions
WHAT’S THE DIFFERENCE BETWEEN PRE-QUALIFIED AND PRE-APPROVED? Pre-qualification and pre-approval are two similar terms used in the home mortgage industry. While they both involve a lender reviewing your financial situation to determine whether or not you qualify...
by Jeremy Brock | Dec 29, 2022 | 31 Questions
SHOULD I SELL MY CURRENT HOME BEFORE I BUY THE NEXT ONE? When it comes to buying a new home, one of the biggest questions many people face is whether they should sell their current home before purchasing the next one. This can be a tricky decision, as there are...
by Jeremy Brock | Dec 29, 2022 | 31 Questions
WHEN IS THE HOUSE MINE? At the closing of a mortgage loan, the house is typically considered to be yours once all of the paperwork is completed and signed. This process can take anywhere from a few days to several weeks, depending on the details of your particular...