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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ARM Loans & Who They Are Right For
ARM loans are something you may have heard a lot about right after the 2008 mortgage crisis. Although they have a bad reputation, they can be a smart mortgage strategy for the right borrower. ARM loans are known for their complex interest rate[...]
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Buying Your Home Virtually With Summit Funding
We are living in one of the most stressful and rapidly changing times in history. While some of us are ready to go back to normal, many of us are worried about exposing ourselves to Coronavirus and prefer to stay at home. We have ensured we are[...]
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15 Year Vs. 30 Year Fixed-Rate Mortgages
When selecting the right loan product for your family, you will need to choose what type of loan you want. Depending on the product, you will often get a choice between a fixed-rate mortgage and an adjustable-rate mortgage. If you are looking for[...]
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Babyproofing Your New Home
A growing family is one of the most common reasons families decide to buy their first home. This is an exciting and somewhat stressful time for expectant parents. You will need to take a look at your new home and see what changes needed to be[...]
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