Understanding The Real Costs of Buying a House
Most potential homebuyers fail to consider the overall costs of buying a home, while they may take into consideration some of the basics like overall purchase price and the down payment needed. However, there are several additional expenses related to buying and owning a home that prospective buyers often overlook and should take into account. We’ll...
Mortgage FICO Score vs Credit Monitoring Apps
Comprehending the nuances of credit scoring can be a perplexing and confounding experience for homeowners, buyers, and real estate professionals. With various major scoring models in use today, such as FICO Score 5, 4, or 2 for mortgage lenders and VantageScore for credit monitoring apps, it is essential to comprehend how these systems work together....
1% Down Conventional Loan Program
In the continuously shifting landscape of economical home ownership solutions, it is essential for prospective homeowners, existing owners and real estate professionals to stay up-to-date on new initiatives that could help tackle the housing affordability issue. One great new program is the Conventional 1% Down Program, which offers a unique opportunity for borrowers to achieve...
7 Mortgage Myths that Every First Time Homebuyers Need to Know
Chewing gum takes 7 years to digest if swallowed. Carrots improve your eyesight. The Great Wall of China is visible from space. (wait… is it?!) Most myths are harmless. Unfortunately, the same can’t be said for most mortgage myths. At best, they’re slightly misleading. And at worst, they lead you down an even more confusing...
Are You Ready to Buy Your First Home?
As a local mortgage broker, It’s a question we hear a lot. And trust us, we get it – if this is your first time purchasing a home, the entire process can seem intimidating. Maybe you’re feeling uncertain about where to begin, questioning whether your credit score is sufficient, or second guessing whether purchasing a...
The Ultimate Guide to VA Loans
Welcome to our comprehensive guide on accessing your VA loan benefit. At Price Mortgage, we believe in providing Veterans with accurate information and the resources they need to make informed decisions about homeownership. Our VA Loan specialists have extensive experience working with Veterans and is committed to providing personalized support and guidance throughout the entire...
FHA Lowers Monthly Mortgage Insurance Premiums!
Exciting news, the Federal Housing Administration (FHA) just announced a significant 30 basis point reduction in monthly mortgage insurance premiums (MIPs) for borrowers who take out FHA loans. What does that mean for you? If you’re already prequalified for an FHA loan, you’ll want to give us a call to get an updated approval and...
Reverse Mortgages: Everything You Need to Know
If you are a homeowner age 62 or older and are looking for a way to tap into your home’s equity to supplement your retirement income, a reverse mortgage may be worth considering. In this post, we will explore what reverse mortgages are, how they work, and the pros and cons of this type of...
Monthly Mortgage Lowdown: January 2023
In the January edition of the Monthly Mortgage Lowdown, we broke down different ways to maximize the homebuyers purchasing power! Our full discussion included:
Monthly Mortgage Lowdown: November 2022
In the November edition of the Monthly Mortgage Lowdown our main topic of discussion centered around No-doc, Non-QM, and DSCR loan programs! Our full discussion included: Mortgage Rate Update – November 29, 2022 No Doc Loans – No docs – no problems! DSCR Loans – Perfect for long-term or short-term rental properties Bank Statement Loans...