With the holiday season comes celebrations, traveling and gathering with loved ones. While this is a treasured time of year for many, it can be straining on a budget. Increased spending on gifts, decorations, parties and travel costs are to be expected during this time. If you’re planning to ... More
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 ... More
The “Do’s & Don’ts” of the home loan process Increased federal and state regulations governing today’s mortgage financing, both lenders and borrowers are having to work within stricter guidelines. Unstable rates also can make the process a bit more touchy as rate changes can affect ... More
With the increased federal and state regulations governing today’s mortgage financing, both lenders and borrowers are having to work a little harder to meet the guidelines to secure a mortgage loan approval. To improve your loan approval experience, here are some helpful tips and good habits you ... More
Before applying for a mortgage, borrowers need to build a plan for how they are going to manage their credit going into the mortgage application process as well as while they navigate through it. Lenders review credit reports for both credit score and credit habits as well as ... More
With consumer debt at an all time high, stabilizing and increasing your credit score is a popular topic that endless companies and individuals offer their advice on. Summit Mortgage has been reviewing credit reports and scores for over 30 years, so take it from us: not all of that information you ... More
Are you ready to buy your first home? Right now, you’re probably feeling a mixture of excitement and nerves. That’s completely normal. The home buying process can be long and complicated, especially for for first-time homebuyers like yourself who ... More
Does my credit score impact how much money I can borrow? A high credit score is your golden ticket to the best rate available on your home loan, which does impact the monthly payment and therefore does impact how much you can borrow. So if you are among ... More
