Is bigger always better? For decades, that was the general sentiment when it came to buying a home. More square footage, more bedrooms, and more storage space were common goals for many buyers. Today, however, a growing percentage of homebuyers are intentionally choosing smaller homes and in ... More
If you’re self-employed, you already know the tradeoff: more freedom, but less predictability. This is especially true on paper, and when it comes to securing financing for a home purchase, lenders tend to focus heavily on consistency and documentation. That doesn’t mean buying a home is out ... 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
In a housing market defined by higher interest rates, lower inventory, and fierce competition, a once-overlooked mortgage feature is suddenly in the spotlight: assumable loans. If you‘ve heard the term trending in real estate circles or seen headlines about buyers chasing “unicorn” mortgage rates, you’re not imagining ... 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
Homeownership has long been considered a key part of the American Dream - serving as a symbol of stability, opportunity, and a major stepping stone to building generational wealth. But for far too many individuals and families, especially those from historically marginalized communities, that dream has remained out of reach. &... 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
