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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 purchase. And if you are not prepared, they can become the difference between moving in and […]

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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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Searching For Your Dream Home – Our 6 Step Process

Looking to buy a home but not sure where to start? You have browsed some online sites, looked at some agents, or maybe even spoken with a lender. It can be intimidating searching for a home, but when you have the right team to help you, you can find your dream home in no time. […]

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Things To Budget For After Closing

 After months of improving your credit, saving up a down payment, and finding your dream home, you have finally made it to the closing table. As a new homeowner, your financial responsibilities are not over. After closing, there may be some hidden expenses you did not think about. Below is a list of items to […]

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The Pros And Cons Of An HOA

When house hunting, you will come across properties located inside of an HOA community. HOA (Homeowner’s Association) communities were created to help develop a clean, friendly, and cooperative neighborhood. Depending on the HOA’s rules, it can help ease some of the responsibilities that come with owning a home. Yet, this will come at a cost. HOA […]

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Homebuying Tips For Parents

Finding the perfect home is not always easy and as a parent, it can be even harder. While you may be able to renovate the kitchen or refresh the paint, you cannot pick and choose your school zone. As a parent, you want to find a home in an area that is safe, fun, and zoned for […]

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Moving Day Made Easy

Moving can be one of the most stressful parts of buying a home. Whether it’s down the street or across the country, it’s important to be prepared. We created a quick guide to make sure you get your move done right. Planning the move To-do lists Building to-do lists can help with some of the […]

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