by Summit Mortgage Corporation | Sep 15, 2018 | Mortgage Industry News
Mortgage Myth: “Interest rate and APR are the same thing.” Truth: Words like ‘escrow’, ‘amortization’, and ‘APR’ can sound like jargon gibberish to the untrained ear. However, taking the time to understand the difference between APR and an interest rate can save you...
by Summit Mortgage Corporation | Aug 14, 2018 | Mortgage Myths
Mortgage Myth: “Renting a home is cheaper than buying a home in the long run.” Truth: Renting and home ownership come with their own unique benefits. In deciding which route is right for you, it is important to assess your financial position, as well as your personal...
by Summit Mortgage Corporation | Aug 14, 2018 | Mortgage Myths
Mortgage Myth: “Renting a home is cheaper than buying a home in the long run.” Truth: Renting and home ownership come with their own unique benefits. In deciding which route is right for you, it is important to assess your financial position, as well as your personal...
by Summit Mortgage Corporation | Aug 3, 2018 | Mortgage Industry News
Buying a home is one of the single biggest decisions you will make in your lifetime and likely your most expensive purchase. Why wouldn’t you want to get the best deal possible? A mortgage is a long-term financial commitment, so it makes sense to shop around for the...
by Summit Mortgage Corporation | Jul 27, 2018 | Mortgage Industry News
Wire transfer fraud crimes are on the rise, and home buyers are increasingly at risk. With cyber-criminal scams that frequently target real estate transactions, it’s crucial that you identify red flags to avoid getting scammed. Email hacking is a tool that criminals...
by Summit Mortgage Corporation | Jul 27, 2018 | Mortgage Industry News
Wire transfer fraud crimes are on the rise, and home buyers are increasingly at risk. With cyber-criminal scams that frequently target real estate transactions, it’s crucial that you identify red flags to avoid getting scammed. Email hacking is a tool that criminals...
by Summit Mortgage Corporation | Jul 13, 2018 | home buying, Home Buying Process, home loan, home loan process, mortgage, Mortgage Myths, pre-qualified
Mortgage Myth: “The home loan process is complex and confusing. I don’t know where to start with home financing or who to talk to in order to begin the process of buying a home.” Truth: Buying a home may be the biggest investment you’ll make in your lifetime,...
by Summit Mortgage Corporation | Jul 13, 2018 | home buying, Home Buying Process, home loan, home loan process, mortgage, Mortgage Myths, pre-qualified
Mortgage Myth: “The home loan process is complex and confusing. I don’t know where to start with home financing or who to talk to in order to begin the process of buying a home.” Truth: Buying a home may be the biggest investment you’ll make in your lifetime,...
by Summit Mortgage Corporation | Jun 15, 2018 | benefits of buying a home, Chris Jordan, HELOC, Home Buying Process, home equity, home equity line of credit, home loan options, home loans, second mortgage
Obtaining a second mortgage may be a useful tool when helping prospective buyers and current homeowners reach diverse financial goals. A second mortgage allows you to use any equity that you have in your home as security against another loan. Below are three...
by Summit Mortgage Corporation | Jun 15, 2018 | benefits of buying a home, Chris Jordan, HELOC, Home Buying Process, home equity, home equity line of credit, home loan options, home loans, second mortgage
Obtaining a second mortgage may be a useful tool when helping prospective buyers and current homeowners reach diverse financial goals. A second mortgage allows you to use any equity that you have in your home as security against another loan. Below are three...
