Mortgage Loan Options: What you need to know to get the RIGHT loan for YOU!

Home Loan Options
What do you know about home loans? Whether seeking to get pre-approved for a home loan as a first-time homebuyer or learn the process of how to buy a house, knowing what mortgage loan options you have available is an important part of the process.  As a home buyer looking to find a home loan,
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Home Loans and Teamwork—It Makes the Dream Work!

Trying to get pre-approved for a mortgage? Seeking to understand the mortgage pre-approval process? Looking to buy your first home? Whatever your home loan goals are, it will take a team to accomplish them. Think of your home loan process as a puzzle. There are many pieces, and they must all fit together in order
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The Top 4 Reasons You Should Get a VA Loan

If you are a military veteran or are currently serving active-duty, there is an incredible mortgage loan available to you through the Department of Veterans Affairs – the VA loan. VA mortgages are made through regular lenders but backed by the Department of Veteran Affairs, reducing the risk to the lenders themselves. Here are the
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Should I Pay Mortgage Points?

If you are buying a home or refinancing, you have probably heard about “mortgage points.” This form of pre-paid interest can save you thousands of dollars over the course of your loan but in many circumstances is not worth the upfront cost. How do you know whether to pay points or not? Here’s a quick
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Think You Can’t Buy A House Because of a Your Financial Past? Give Us A Try!

Donald was referred to us by his banker after they denied him due to his financial history. Hey let’s face it, we all go through hard times. What’s history is history! This time was not going to be another hard time, but a blessed one. Donald’s banker suggested that he go to Summit Funding to
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Important Changes in FHA MIP Calculations

FHA loans have grown substantially over the past decade, primarily because of the benefits that these loans offer to families with low to modest budgets. The perks to choosing an FHA loan, one that is backed by the Federal Housing Administration, are plentiful and include lower down payments, more forgiveness toward poor credit and the
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Why the New Construction Market is Gaining Strength

In the years following the local housing rush which followed Hurricane Katrina, many home builders have lived through a dramatic slowdown in St. Tammany new construction market. Some experts attribute this to the rapid influx of post-Katrina new residents, and others to the general slowdown in the housing market which has affected the rest of
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An Overview of Rural Development Loan Programs

The mission of rural development programs is to assist low to moderate income rural families qualify for homeownership. Living in rural areas, it can sometimes feel like you’re forgotten and lack many of the resources that families living in the cities and suburbs take for granted. Rural development programs improve the quality of life for
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Pros and Cons to Debt Consolidation Loans

Debt consolidation is the act of refinancing your home, or taking out a 2nd mortgage, to pay off several smaller loans including retail or consumer loans that may not be tied to your home. It’s a way to help people gain control of their finances; instead of having all types of loans with various interest
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Top Things You Should Know about FHA Loan Programs

An FHA loan is one that is backed by the Federal Housing Administration. These loan programs have held a steady reputation for their ability to help families with modest budgets, which is why they have become much more popular with the recent housing crisis. FHA loans account for nearly half of the loan market, and
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