by Mortgage Broker | Oct 5, 2025 | Uncategorized
Key takeaways: Hire your own team: Don’t rely solely on the builder’s sales rep. You should bring a buyer’s agent to protect your interests and hire an independent inspector to catch construction errors before you close. Negotiate the right way:...
by Mortgage Broker | Sep 22, 2025 | Uncategorized
Key takeaways: A 3-2-1 buydown is a mortgage option that lowers your interest rate for the first three years. Your rate drops by 3 percent in the first year, 2 percent in the second, and 1 percent in the third before returning to the full fixed rate. This strategy...
by Mortgage Broker | Sep 15, 2025 | Uncategorized
Key takeaways: Sale pending means the seller has accepted an offer but the home is not officially sold yet. The deal is simply waiting on final steps like inspections and loan approval before it closes. You can often still submit a backup offer in case the original...
by Mortgage Broker | Sep 10, 2025 | Uncategorized
Key takeaways: Mortgage brokers act as a link between you and multiple lenders to help you compare rates and find the best loan for your specific situation. Working with a broker often provides more options than a direct lender since brokers can shop around at...
by Mortgage Broker | Sep 8, 2025 | Uncategorized
Key takeaways: A settlement statement acts as a final receipt that breaks down every cost, credit, and fee in your real estate transaction. It shows exactly how much the buyer needs to pay to close and the net profit the seller will receive. Most buyers receive a...
by Mortgage Broker | Aug 27, 2025 | Uncategorized
Key Takeaways: Lenders require proof of identity, income, and assets, including pay stubs, tax returns, and bank statements, to approve your mortgage. Legal documents like the purchase agreement, property deed, and title forms are necessary to officially transfer...
