Winter is truly the off-season for the real estate market. It’s cold, people are busy with the holidays, the weather can be crazy and it’s generally harder to make a move during this time. Believe it or not, these factors are also great reasons to jump into the housing market and purchase a new home. […]
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Getting a mortgage can feel like a daunting task. You may not know where to start, who to talk with or if it is possible at all. The first step of the mortgage process is getting pre-qualified. When getting pre-qualified by a lender, you will sit down and evaluate your current financial situation. You will […]
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As home prices increase, mortgage rates fluctuate, and competition between buyers remains fierce, many first-time homebuyers have become skittish to even consider homeownership. Even when prices, rates, and competition have favored buyers, many still have reservations. Standard concerns, such as fear of revealing your credit score, scared the process will be too complicated, or anxiety […]
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Just because Autumn is quickly approaching, doesn’t mean that your finances have to ‘fall’, too! Finances are not a typically fun discussion to have, but it is necessary when you’re beginning your homeownership journey with your significant other. Here are a few key steps to maintaining your money together before becoming a first-time homebuyer. […]
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There’s no doubt buying your first home can be a little intimidating. It’s certainly a big commitment and even though you’ve read rent vs. buy articles convincing you buying is better, it’s still no small decision. And that’s okay! All homeowners can remember when they bought their very first home. Suddenly there were new terms bandied […]
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Purchasing a new home can be a big step for many home buyers. Relieve some of your stress and ease into owning a home with Summit Funding’s Smooth Start Program! Through an agreement with your home’s seller, you can temporarily reduce your interest rate for first 2 or 3 years of your loan term. Program […]
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Let’s be real. House prices are high and inventory is low. The current, crazy market does not favor first-time home buyers or younger, millennial buyers. Which puts many prospective buyers in a difficult spot because last year, millennials made up the largest percentage of homebuyers. But if your goal is to become a homeowner, maybe […]
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As we enter the world of adults, 9-5s and major responsibilities, the one thing many of us feel unprepared for is that one pesky number. The supposed number that will determine our fates and futures. I’m talking about CREDIT. Many don’t even understand how we have the credit that we have, or if we don’t […]
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Currently, the US Census Bureau reports the national homeownership rate at 64.2%. The rate has not changed drastically from 2017, when it was 63.6%. Despite the standstill of homeownership rates, it is still a great time to start making moves towards your future and purchase a home. Your path towards homeownership requires some prep work, […]
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How many of you love dogs as much as we do here at Summit Funding? Have you ever caught yourself thinking or talking about how much more you love dogs than humans? I know I am personally guilty of the latter. There’s nothing quite like the love of a dog! They love you unconditionally, […]
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