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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 selling or purchasing a home during these challenging times a good […]

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Pre-Qualified vs. Preapproved: What’s the Difference?

A very common question that we get asked as our clients get ready to buy a home, is what is the difference between pre-qualification and pre-approval? Are they the same? Is one better that the other? The truth is they sound very similar, and in fact they are similar in many ways. But the differences between […]

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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 home.  What is the 2/1 Buy Down Loan? A 2/1 buydown loan is […]

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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 adjustments but have come a long way since 2008. Lending guidelines have […]

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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 ready to help you through the loan process […]

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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 less risk, (which is most families), you will opt for a fixed-rate […]

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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 made to make it safer for your expanding family. […]

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Getting Your Credit

“How good does my credit score need to be to apply for a mortgage?” We get that question almost every day and the answer is that, it depends. Credit affects your eligibility for a mortgage in many ways and will depend on your current financial situation. While the best plan of action is to meet […]

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Down Payment – 5 Tips To Saving To Buy A Home

 One of the biggest obstacles for potential homeowners is saving for a down payment. That is why we put together a list of the 6 best ways to save for a down payment on your home. 1. Fixed Automatic Transfers Using a fixed automatic transfer from your checking account to savings account is the perfect […]

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5 Mistakes That New Home Buyers Make

Buying your first home can be nerve-wracking if you don’t have the right team to guide you through the process. After helpings thousands of families buy their home, we have come up with a list of the 5 most common home buyer mistakes and how to avoid them. #1 Making an offer without determining buying […]

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