As the snow continues to melt and the sunshine lasts through your evening commute, another natural cycle begins to shift - the Spring housing market. Balancing affordability pressures, rising inventory, and renewed buyer interest, the Spring 2026 housing market is primed for launch after several years of elevated mortgage rates ... More
If you’ve been keeping an eye on the housing market, you’ve probably noticed one thing: buying a home feels harder than it used to. Rising prices, limited inventory, and growing competition have pushed homeownership out of reach for many would-be buyers. That’s where community land trusts come ... More
Winter may not be the first season that comes to mind when you think about buying or selling a home, but for many homeowners and buyers, it can be one of the smartest times to make a move. At Summit Mortgage, we work with clients year-round and see firsthand ... More
When most people hear the term “rural home loan”, they picture remote farmland or a life far from modern conveniences. In reality, USDA / Rural Development loans are one of the most powerful (and often misunderstood) home financing options available today. At Summit Mortgage, we believe great home financing decisions ... More
As home prices continue to rise and affordability becomes one of the biggest hurdles for buyers, a new idea has re-entered the national conversation: the 50-year mortgage. Supports argue that longer terms could ease monthly payments and help more Americans achieve homeownership. Critics warn it could make housing even more ... More
For years, the focus on home affordability has been dependent on two things: mortgage rates and home prices. Recently, a third factor has been quietly - but significantly - eating into monthly budgets: homeowners insurance. According to the Insurance Information Institute, the average annual homeowners insurance premium in the ... More
Imagine your child’s teacher, the police officer next door, or a nurse at your local clinic - all struggling to find home’s they can afford in the community they serve. That’s the “middle housing gap” in action. This sector is often squeezed between low-income subsidized units and ... More
As a homeowner, your property isn't just a place to live—it's a valuable asset. One way to tap into this value is through a cash-out refinance. This financial tool can provide funds for various needs, but it's essential to understand how it works and whether it's the right choice ... More
