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

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

Mortgage Myth: “There Will Be No Tax Benefits to Homeownership”

  Mortgage Myth: “The new tax law is going to impact the value of homeownership. Owning a home won’t provide the same tax benefits.” The new Tax Cuts and Jobs Act is bringing plenty of changes for homeowners. However, the … Continued