Do Second-Time Homebuyers Need a Down Payment? The quick answer is yes, it is almost certain that you will need a down payment. How much do you have to put down on a second home? That answer will depend on how much you can afford and how much ... More
How Can I Improve My Personal Financial Position? It can be difficult to purchase or refinance a home with a bad credit score. This leads people to ask, is there anything I can do to quickly fix my score? ... More
When your credit score is low, your borrowing options are limited. But there is hope for your homebuying dream. Don’t get overwhelmed. There are programs available and people willing to help you. More
How Much Can I Borrow With a 700 Credit Score? A high credit score is your golden ticket to a low-interest rate home loan. So if you are among the nearly 58% of Americans with ... More
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, More
It’s perfectly normal to be excited about finally purchasing the home you’ve always dreamed of. Now you’re ready to ditch the hand-me-down furniture you’ve used for years and pick up that new matching bedroom set. There’s only one problem. Your mortgage loan hasn’... More
Before applying for a mortgage, borrowers need to build a plan for how they are going to manage their credit both going into the mortgage process and as they navigate through it. Lenders like to know that borrowers have a strong likelihood of repaying the loans they take out and, ... More
Before applying for a mortgage, borrowers need to build a plan for how they are going to manage their credit both going into the mortgage process and as they navigate through it. Lenders like to know that borrowers have a strong likelihood of repaying the loans they take ... More
