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Posted: Thu, 17 Oct 2024 09:00:54 +0000
Understanding how and when to refinance your mortgage is crucial for maximizing savings and reaching your financial goals. Homeowners might consider refinancing for a variety of reasons based on their unique situation and circumstances. Most commonly, refinancing is done with the goal of securing a lower interest rate, shortening the loan term, lowering monthly payments,... View Article
The post How And When to Refinance Your Mortgage appeared first on Summit Mortgage.
Continue reading at the publisher's website.Posted: Fri, 04 Oct 2024 09:00:28 +0000
Throughout your house hunting journey, you’re likely to come across the terms “pending” and “contingent”. While they may seem interchangeable, these terms describe two different stages of the real estate transaction process. Understanding these terms is important to homebuyers as they can help determine how close a property is to being sold and what opportunities... View Article
The post Contingent vs Pending Property Listings appeared first on Summit Mortgage.
Continue reading at the publisher's website.Posted: Thu, 05 Sep 2024 09:00:58 +0000
Mortgage interest rates are often at the forefront of homebuyers’ minds, and for good reason. For most homeowners, mortgage payments represent the largest monthly obligation in their budget. Even a small difference in rate can have a significant impact on monthly payment amounts, so getting the best deal is important!
The post Strategies for Securing a Lower Mortgage Rate appeared first on Summit Mortgage.
Continue reading at the publisher's website.Posted: Thu, 22 Aug 2024 09:00:50 +0000
For many of us, buying a home is one of the biggest financial decisions we make in our lifetime. Understanding what goes into a mortgage payment, and the math involved in the mortgage process will help you make more informed decisions throughout your home-buying journey and beyond. Whether you’re a first-time homebuyer or a seasoned... View Article
The post Understanding Mortgage Math: How to Use a Mortgage Calculator appeared first on Summit Mortgage.
Continue reading at the publisher's website.Posted: Mon, 05 Aug 2024 09:00:24 +0000
So, you’re ready to sell your home? Before you do, you should consider taking a few steps to boost your curb appeal. By doing so, your home could potentially sell faster and for more money.
The post Preparing to Sell a Home: Tips & Tricks to Boost Curb Appeal appeared first on Summit Mortgage.
Continue reading at the publisher's website.Posted: Tue, 16 Jul 2024 09:00:45 +0000
Even in an ideal market, finding the right home and getting an offer accepted can be a challenge for homebuyers. When inventory is low, it becomes even more crucial to have the right professionals by your side to ensure you have an effective strategy and understand how to compete in a tight market.
The post Navigating a Low Inventory Housing Market appeared first on Summit Mortgage.
Continue reading at the publisher's website.Posted: Wed, 05 Jun 2024 08:00:07 +0000
In mid-2020, home price growth reached historic levels, with the year-over-year (YoY) index demonstrating a huge increase in property values. For much of the pandemic, mortgage rates were also at near-historic lows, which helped to offset some of the impacts of rapid home price growth. However, when rates skyrocketed upward, many people found that they... View Article
The post Pre-Pandemic Home Prices: What This Means for Buyers appeared first on Summit Mortgage.
Continue reading at the publisher's website.Posted: Wed, 22 May 2024 09:00:46 +0000
During the home-buying process, you should find a property you like and then get a mortgage pre-approval, right? Not exactly. While both of those are important steps in your journey, getting pre-approved needs to be at the top of your homebuyer’s to-do list, especially in the current market. Without a pre-approval letter, you run the... View Article
The post The Importance of Mortgage Pre-Approval in Today’s Market appeared first on Summit Mortgage.
Continue reading at the publisher's website.