The wrong way to get a mortgage

Some mortgage loans have happy endings. Others can turn into nightmares where you feel nauseated every month when you open your mortgage statement and wonder… how did I wind up with this loan? Sadly, this happens too often. It’s the reason I wrote Mortgage Peace in the first place. When Bad Things Happen to Good
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Should You Pay off Your Mortgage Early?

Many people consider the debt they owe on their home loan one of the most significant burdens in adulthood. That’s why so many decide to pay off their mortgage years (or even decades) sooner than they really need to pay it off. While it may seem like early payoff would be a positive step for
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Stop Doing This During the Mortgage Process: A Guide

If you’ve got performance evaluations coming up next week work, you should probably refrain from taking off an hour early or spending most of the workday twiddling away on your cell phone. Or, if you’ve just started training for a marathon, you probably should hold off on donuts and chocolate sundaes for a bit. Similarly,
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We Love Referrals!

It’s safe to say that at Summit Funding, we love referrals! We set as our goal everyday, the complete satisfaction of our customers in the most efficient way possible, and a referral means we not only accomplished this but made a friend too! We were so honored recently to receive the referral of Escrow Title
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Northshore Housing Initiative – Community Land Trust

The Northshore Housing Initiative is our area’s first Community Land Trust, a non-profit community organization that makes the dream of homeownership in St. Tammany Parish an affordable reality for qualifying individuals and families. Summit Funding is proud to be a mortgage lending partner with NHI. Read More Download the PDF File Here
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New grant funds available for Louisiana borrowers

Have you heard of the NHF Platinum Program? Probably not, but it’s time you did! The NHF program is a grant provided by the National Homebuilder’s which is designed to increase homeownership opportunities for low-to-moderate income individuals and families in multiple states. The fund provides Down Payment Assistance (DPA) in several states now, including Louisiana! And remember, this
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Get the Real Facts on Mortgage Escrow!

So you’re about to finance a home….one major question you’ll need to answer early on is whether or not you should take the lower payment of just principal and interest and pay your insurance on your own, or escrow it and let the lender take care of it. While no one likes making their payment
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How Do I Know if a 15-Year Fixed-Rate Mortgage Is Right for Me?

When it comes to buying a home, the options available for the length of the mortgage  can be confusing. While many choose to go with the standard 30-year option, the 15-year mortgage does provide many benefits that may make it a better option for you. 15-Year vs. 30-Year Mortgage: What Is the Difference? Besides the
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Don’t Accept Excuses for Late Mortgage Loan Closings

So you’ve made an offer on the house, and now you are just waiting patiently for that closing date to arrive. However, as that day edges closer, there is a good chance that you will not close on time. In fact, according to Fannie Mae, you have a 78% change of this happening. Sounds crazy,
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Can You Save Money by Going from a 30 to 15 Year Mortgage?

When you went to buy a home, chances are pretty good you needed a mortgage to help finance that purchase. This means you were offered either a 15 or 30 year mortgage and the chances are also pretty good you went with the latter because that came with lower monthly payments. Most people do the
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