Summit Mortgage’s Toshie Metzger Recognized as AREAA Member Spotlight
Summit Mortgage is proud to celebrate Toshie Metzger, who has been recognized as the latest Member Spotlight by the Asian Real Estate Association of America (AREAA). More
Why Some Buyers Are Choosing Smaller Homes on Purpose
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
What Happens if Mortgage Rates Drop After You Buy?
A common question many homebuyers ask is, “What if I buy a home and then mortgage rates go down?” It’s a fair concern. Nobody wants to feel like they missed out on a better deal. The good news is that lower rates after closing don’t mean you’... More
Buying a home as a Self-Employed Borrower: What Lenders Look For
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
How buying a home impacts your net worth
When you think of buying a home, the first thing that comes to mind might be debt. After all, a mortgage is the largest financial obligation that most people will ever take on. The often overlooked part, however, is that buying a home doesn’t just add debt to your ... More
How a government shutdown can impact mortgages
When lawmakers can’t agree on a budget in time, a government shutdown can occur, forcing several parts of the government to “close their doors” until funding is restored. When a shutdown begins, Federal departments must furlough (temporarily lay off) nonessential employees and suspend many public services until a funding ... More
Rising Homeowners Insurance Costs: How They Impact Mortgage Affordability—and What You Can Do
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
Ways To Win As A Homeowner, Even In A Tough Rate Environment
In the last few years the interest rate environment has been very uncertain, rates have fluctuated from historically low (during the pandemic) back to the more moderate rate environment that we currently sit in. Recent history has conditioned us feel that the current rate environment is unbearably high but if ... More
