by Summit Mortgage Corporation | Apr 20, 2018 | direct lender, home buying, home loans, loan programs, mortgage lender, Mortgage Myths, Oregon, Portland, Spokane, Vancouver, Washington
Mortgage Myth: “All mortgage lenders offer the same programs and rates. I should get a loan with my bank because that will likely be most convenient.” At Summit Mortgage Corporation, we’ll be the first to tell you that mortgage lenders are not all the same....
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 | Apr 13, 2018 | Mortgage Industry News, Oregon, Robert Williams, rural home loan, USDA, USDA financing, USDA Guaranteed Rural Development Loan, USDA home loan, Washington
The U.S. Department of Agriculture (USDA) Rural Development recently announced changes to the rural eligibility designation for some areas throughout Oregon and Washington. Starting June 4, 2018, the following areas will no longer be eligible for USDA...
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...
