For many of us, purchasing a home will be the single most important investment decision we will ever make. With all the different types of mortgages, interest rates and lenders out there, the options may seem infinite. Enter the mortgage broker. But what is a mortgage broker and how can they help make the path […]
Understanding Down Payments: How Much Do You Really Need?
“Whoa, how much down payment do I need to buy a house?” When it’s time to start thinking about purchasing a home, one of the first questions many buyers have is: “Come again? How much do I need for a down payment?” For a lot of first-time buyers, the prospect of saving tens of thousands […]
Why Your Credit Score Matters in Mortgage Approval
A home purchase is one of the largest financial commitments you’ll make, but it’s well worth the investment. Though your income, savings and debt-to-income ratio all factor into the mortgage approval process, one number carries more influence over all others: your credit score. By comparing your credit score and history with a set of criteria, […]
Fixed vs. Adjustable Mortgages: Which Is Right for You?
The single biggest decision you’ll make when purchasing a mortgage is whether to opt for a fixed type or a variable type. That decision matters because it can affect more than just your monthly payments; it could also help determine the total cost of your mortgage over its lifetime. Should you lock in the stability […]