Buying A Home in 7 Steps

Start The Process: This step is the most overlooked part of the entire process. When looking to buy a home, many families start with a real estate agent. While they can help you look for and negotiate a home, they do not know if you even[...]

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The 4 Benefits Of Working With A Referral Based Mortgage Lender

There are many kinds of mortgage lenders, however, Summit proudly wears the badge of being 100% referral based… but what does that even mean? It means our business is built 100% off the recommendations we receive from our trusted[...]

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Get Ready to Finance Your Second Home

Since the risks and advantages of loan products vary for each borrower, it’s best to talk to a licensed loan professional to determine what’s best for you. After you settle into home ownership, it’s natural to start thinking[...]

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How debt and income shape your home-buying budget

Unless you won the lottery and are going to pay in cash, it’s always good to talk to lender to find out what you can afford before you start shopping for a home. But there are steps you can take before then to prepare yourself, mentally and[...]

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What to Know Before Buying a House During the Pandemic

Buying a home remains an important aspect of the American Dream for many people. But how has the pandemic affected that dream? The COVID-19 pandemic indeed not only changed how we live and work, but also how we view and manage our finances. Is[...]

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Simple ways to find when you’ll break even on points

When you’re considering a mortgage with lender credits or discount points, it helps to determine how long it will take to break even. Simply stated, you break even when the savings from one of these loan features even out with its cost. You[...]

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Key things to know about closing costs

As if securing a down payment and qualifying for a mortgage isn’t difficult enough for first-time homebuyers, you also need to factor closing costs into your budget. These fees and taxes typically add 2%–6% to the cost of your[...]

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Your Guide To 2/1 Buydown Loans

During the home loan process, you may hear the term 2/1 buydown thrown around, but what exactly does this mean? This quick article will help you understand what a 2/1 buydown is and how you could benefit from one when purchasing your[...]

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