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Blog Category: Educational

How Home Appraisal Values Affect Buying and Selling a Home

Understanding Home Appraisal Values You got pre-approved to buy a home. Then, you found your dream home (it’s perfect in every way). You submitted a purchase agreement and the seller accepted. Next stop, closing day. Except, pump the brakes. Your next stop is ... More

What You Need To Know About Non-Contingent Loan Approval

If you’ve never purchased a home before, you might not be familiar with a contingency offer. In fact, you might not even understand the offer process at all, so let’s start there. Step one, you work with a personal loan officer and get pre-approved ... More

refinance mortgage

Should You Refinance Your Home with Low Interest Rates?

It’s a great time to be a homeowner. Despite economic forecasts that predicted rate increases, home mortgage rates have continued to go down throughout 2019. As a result, it is increasingly sensible to refinance your home loan. Curious what a lower rate ... More

How Top Real Estate Agents Vet Loan Officers

Learn in today’s blog how top real estate agents find and vet the loan officers they recommend to their clients. Even if you’re not a real estate agent, you can learn from the pros what to look for in a mortgage loan officer as you secure the financing to ... More

Realtor or Lender – Which Should You Choose First?

Buying a home is one of the biggest decisions you’ll ever make. Like many first-time homebuyers, you probably have a long list of questions, from determining the right time to buy to understanding how much house you need. With so many choices to make, it’s not surprising that most people aren’t sure exactly where to start when ... More

7 Steps To Buying Your First House

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 is long and complicated, and it can be confusing for first-time homebuyers like yourself who are about to take their first step into the unknown. If you’re prepared and have a ... More

The Top 5 Challenges of Second-time Homebuyers

They say practice makes perfect. So you would think that buying a second home would be easier than buying the first. Well, not necessarily. While it’s true that you might have more insight into the process and have a better idea of what to expect, second-time homebuyers actually face a whole new set of challenges ahead. To ... More

How to Increase Your Credit Score by 100 Points in 45 Days

Increasing your credit score is a popular topic that millions of people offer their advice on. Summit Mortgage has been dealing with credit scores for the last 25 years, so take it from us: not all of that information is accurate. According to Experian, the average American’s credit score in 2017 ... More

7 Reasons Buying Is Better Than Renting

To buy, or to rent. Which do you choose? More and more people are opting for the latter. In 2016, the Pew Research Center found that 65% of households headed by young adults were renting over buying. However, the top regret of renters was that they had not purchased a home. ... More

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