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
In the ever-evolving real estate landscape, flexibility is key for both buyers and sellers. One arrangement that offers this kind of flexibility is the rent-back agreement—a strategy that can benefit both home buyers and sellers when used wisely. Let’s break down what rent-back agreements are, when ... More
Considering buying a home or refinancing your current home? Summit Mortgage Corporation has news you can use. We’ve improved the home loan mortgage process to make it easier, faster, and more convenient. The key to your next home loan is the Ascent ... More
You’ve heard of countless home mortgage apps for mobile devices. Just about every lender has one, and they all work pretty much the same way — except one — the Ascent App from Summit Mortgage Corporation. The Ascent App is unique, offering functionality, and security backed by the power of a ... More
