by Home Team Elite | Apr 1, 2025 | Family, Home Loans, Homebuyers, Homeowners
If rising mortgage rates have you weighing your options, a 2-1 Temporary Interest Rate Buydown might be worth exploring. Supreme Lending offers this for eligible conventional, FHA, and VA loans, allowing for a lower interest rate in the first two years. This gives the...
by Home Team Elite | Mar 10, 2025 | Homebuyers
Buying a home is an exciting milestone, but it may also come with unfamiliar terms and processes that feel overwhelming. One term you’ll likely encounter is “escrow.” If you’re unsure what escrow means or why it’s important during home loan...
by Home Team Elite | Feb 9, 2025 | Home Loans, Homebuyers
You’ve submitted your initial mortgage application, completed the necessary paperwork, and even had your home appraised. Now, you find yourself at the crucial stage of the loan process – underwriting. This is where the underwriter, acting as a gatekeeper for the...
by Home Team Elite | Feb 8, 2025 | Homebuyers
Whether currently married homeowners or soon-to-be married, it’s important to understand the homeownership rights when it comes to spouses and the state they reside in. Let’s breakdown spousal states versus community property states and how they impact the mortgage...
by Home Team Elite | Nov 1, 2024 | Home Loans, Homebuyers
What’s an Appraisal? For those who have never been through the mortgage process before, an appraisal refers to an unbiased estimate of a home’s value. A professional appraiser evaluates the property to confirm its worth, which is then used to determine how...
by Home Team Elite | Aug 12, 2024 | Conventional, FHA, Home Loans, Homebuyers, USDA, VA
When it comes to purchasing a home, the down payment is often a big hurdle for borrowers, especially first-time homebuyers. However, there may be an opportunity to help make homeownership a reality through mortgage gift funds. If you’re offered gift funds to use...
