by Summit Mortgage Corporation | Jun 8, 2018 | credit, credit score, Home Buying Process, homeownership, Mortgage Myth, Mortgage Myths
Mortgage Myth: “My credit score isn’t perfect. I don’t think I’ll be able to qualify for a home loan.” Truth: Your credit score doesn’t need to be perfect in order to qualify for a mortgage. Lenders will look at your whole financial package when assessing your...
by Summit Mortgage Corporation | Apr 17, 2018 | Andrew Lamont, Home Buying Process, home loans, homeownership, local lender, mortgage banker, pre-qualification, real estate market, Vancouver, Washington
Up until the past few weeks, my only personal experience with a real estate transaction was with purchasing my first home four years ago. However, as a local mortgage banker and licensed transaction coordinator, I’ve spent the past 12 years helping...
by Summit Mortgage Corporation | Mar 30, 2018 | Annual Credit Report, credit report, credit score, free credit report, home buying, Home Buying Process, Lloyd White Jr., mortgage, Oregon, Portland, Resources, Vancouver, Washington
A common question we hear from many prospective home buyers is: “Will my credit score be good enough to help me qualify for a home loan?” Your credit score shows lenders that you can make payments on time and that you have a history of doing just...
by Summit Mortgage Corporation | Mar 16, 2018 | down payment assistance, down payments, FHA home loan, Home Buying Process, Mortgage Myths, USDA home loan, VA home loan
Mortgage Myth: “I’ll need a lot of cash in order to buy the home I want. I’ll never be able to save up enough money for a down payment.” Your actual down payment amount will depend on what type of loan you qualify for and a variety of other factors. There are...
by Summit Mortgage Corporation | Mar 2, 2018 | Closing Cost Credit, Home Buying Process, loan pre-qualification, new construction, new home, pre-qualification, Robert Williams, Sebastian Heights, Vancouver, Washington
As an avid concert-goer, there’s nothing I love more than a night out enjoying the sights and sounds of Portland. With great venues like the Crystal Ballroom and Revolution Hall, the city has drawn in exceptional performers over the years. And the ability to...
by Summit Mortgage Corporation | Jan 19, 2018 | debt-to-income ratio, Fannie Mae, home buying, Home Buying Process, home loans, Mortgage Myths, Oregon, student loan debt, student loans, Washington
Mortgage Myth: “College was expensive and, as a result, I have a lot of student loan debt. There’s no way that I’ll be able to buy a home in the near future!” If you have student loan debt, you’re not alone. In fact, you’re in the good company of over 40 million...
