Mortgage Myth: Pre-Qualification Means You’re Guaranteed The Loan Amount

  Mortgage Myth: “When you get pre-qualified with a mortgage lender, it means that you’ll be guaranteed the entire loan amount.” Truth: Pre-qualification is an important step in the loan process, it will not guarantee your actual loan amount.   … Continued

How to Prepare Your Home for an Appraisal

  Whether you are selling or refinancing, appraisals matter. If you are a homeowner trying to sell or refinance your property, here are a few tips to get your home in shipshape for that appraisal.   What is the Appraiser … Continued

Mortgage Myth: “All Mortgage Lenders Are the Same”

  Mortgage Myth: “All mortgage lenders offer the same programs and rates. I should get a loan with my bank because that will likely be most convenient.” At Summit Mortgage Corporation, we’ll be the first to tell you that mortgage … Continued

What Being a Mortgage Banker Taught Me About Selling My Home

    Up until the past few weeks, my only personal experience with a real estate transaction was with purchasing my first home four years ago. However, as a local mortgage banker and licensed transaction coordinator, I’ve spent the past … Continued

Changes to USDA Home Loan Eligibility in Oregon & Washington

  The U.S. Department of Agriculture (USDA) Rural Development recently announced changes to the rural eligibility designation for some areas throughout Oregon and Washington. Starting June 4, 2018, the following areas will no longer be eligible for USDA financing, including … Continued