Buying a home is a milestone filled with excitement and, let’s be honest, a fair amount of stress. Between balancing budgets, paperwork, and the whirlwind of emotions, the last thing any homebuyer needs is a flood of unsolicited calls, texts, or emails as soon as they've applied for a ... 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
Ever wondered why a cousin or parent might co-sign on your loan - or why someone might choose to co-borrow with you? Both roles can help you qualify for a mortgage, but they come with different rights, responsibilities, and relationship dynamics. At Summit Mortgage, we’re here to clarify it ... More
When you’re looking for a place to settle down and purchase a home, the cost of living is a crucial factor to consider. It impacts everything from housing affordability to daily expenses like groceries and transportation. Understanding how to compare and calculate the cost of living can help you ... More
Understanding the factors influencing property taxes and strategies to manage these costs is important knowledge for first-time homebuyers and seasoned homeowners alike. While the principal and interest portion of a fixed-rate mortgage payment doesn’t change from year to year, total mortgage payments can be impacted due to changing property ... More
As the year comes to an end, you may be beginning to think about your financial goals for the new year. As aspiring homeowners, saving for a ... More
After a volatile 2024, most experts and trusted forecasts from the Mortgage Bankers Association predict a more stable market in the new year. More
If you have aging parents, it’s likely you’ve had conversations about their current and future living conditions. Most aging parents hope to stay in their home for as long as possible. Doing so helps them retain a sense of independence. However, they will likely reach a stage when ... More
