The journey to homeownership is often symbolized by the quest for the perfect mortgage rate, but the financial responsibility extends far beyond that ...
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Before you embark on the journey of applying for a mortgage, there is one crucial number you must know: your debt-to-income ratio, or DTI. This single...
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The journey from mortgage application to closing table is rarely a straight line. For many borrowers, a crucial and often misunderstood part of this p...
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When embarking on the significant journey of securing a mortgage, one of the first and most crucial decisions is choosing where to obtain your loan. T...
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The down payment stands as one of the most significant initial hurdles in the journey to homeownership. While the allure of a 20% down payment is ofte...
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For many aspiring homeowners, the path to purchasing a house can feel blocked by the significant financial hurdles of a large down payment and stringe...
Read MoreFor complex or sensitive matters, we highly recommend scheduling a phone call or a virtual meeting with your Loan Officer. This allows for a real-time, confidential conversation where we can give your situation the detailed attention and nuance it deserves, without the limitations of email.
A conventional loan is a mortgage that is not insured or guaranteed by a government agency (like the FHA, VA, or USDA). They typically require a higher credit score and a larger down payment (often 3%-20%) compared to government-backed loans and are conforming if they meet loan limits set by Fannie Mae and Freddie Mac.
Homeowners insurance is a policy that protects your home and belongings from damage or loss. Lenders require it to protect their financial investment in your property. If your house is destroyed by a covered event, like a fire, the insurance ensures there are funds to repair or rebuild it, securing the asset that backs the mortgage loan.
Our standard business hours are [Insert Your Business Hours, e.g., Monday-Friday, 9:00 AM - 5:00 PM EST]. We are unavailable on major federal holidays. While we may respond to emails during evenings or weekends, you can expect a guaranteed response during the next business day.
Rate locks typically last for 30, 45, or 60 days, which aligns with the average mortgage processing timeline. You can also find locks for shorter (e.g., 15 days) or longer (e.g., 90, 120 days) periods. The length you need depends on the complexity of your loan and your closing date.
