Mortgage Myth: “Renting a home is cheaper than buying a home in the long run.” Truth: Renting and home ownership come with their own unique benefits. In deciding which route is right for you, it is important to assess your … Continued
Mortgage Myth: “The home loan process is complex and confusing. I don’t know where to start with home financing or who to talk to in order to begin the process of buying a home.” Truth: Buying a home may … Continued
Mortgage Myth: “My credit score isn’t perfect. I don’t think I’ll be able to qualify for a home loan.” Truth: Your credit score doesn’t need to be perfect in order to qualify for a mortgage. Lenders will look at … Continued
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 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