Category: Mortgage Process FAQs
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How to buy a house with bad credit
If you have a low credit score, you might think that you won’t be able to buy a house, but that isn’t true. While your options may be a little more limited, you can still buy a house with bad credit. There are two organizations that rank credit scores: FICO and VantageScore. Both rate on a scale of 300-850, but both take different aspects into consideration when scoring. When you are looking at your credit score, the greater the number, the better your score. Read more
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What are closing costs? How much do they cost?
Whether you are a first-time homebuyer looking to purchase a property or a seasoned homeowner looking to sell one, you should expect to pay closing costs. Closing costs will be a percentage of the value a home sells for. While closing costs do affect a home’s affordability, they are important in making sure that the homebuying process goes smoothly for everyone and is handled professionally. Ready to begin the home loan Read more
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How to buy a house in a different state
Categories: Mortgage Process FAQsHave you thought about moving to another state? Check out our detailed guide to get more info on buying a house out of state & get pre-approved today! Read more
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How can I get a mortgage?
Categories: Mortgage Process FAQsHow can you get a mortgage? Our detailed guide will tell you what lenders look for, the documents you’ll need & other steps. Get pre-approved today! Read more
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APR vs Interest Rate: What are the differences?
Categories: Mortgage Process FAQsHave you been wondering about the difference between an APR and a mortgage interest rate? Learn what they mean & how they may affect your home loan. Read more
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Do I have to put 20% down on a house?
Categories: Mortgage Process FAQsAre you concerned about affording a home with a large down payment? Get the facts & start your journey to a new home with a mortgage pre-approval from Owning Read more
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How to compare mortgage rates & increase purchasing power
Categories: Mortgage Process FAQsWhether you’re a first-time homebuyer or a seasoned vet, you’ll want to get the best rate possible for your mortgage. One of the best ways to get a rate that makes the most sense for your budget is to make lenders compete for your business. Comparing mortgage rates between lenders enables you to potentially save* Read more
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Is it possible to build wealth at different phases of life?
Categories: Mortgage Process FAQsWhile starting to build wealth at a young age can put you at an advantage, there’s no reason to think you can’t build your financial portfolio at any age. Whether you’re just starting out or need to get moving, there are always opportunities to set yourself up for financial success. Read through our tips on Read more
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How do I know if I’m getting a good mortgage rate?
Categories: Mortgage Process FAQsDeciding to get a mortgage to finance a home is a big decision to make and probably one of the most important investments you’ll make. It is normal to have some hesitations prior to making such a large decision. Read more
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What does the mortgage underwriting process look like?
Categories: Mortgage Process FAQsUnderwriting is the process of reviewing every detail of your application to determine that you qualify for the type of mortgage you are applying for. Learn how it works & what to prepare for. Read more