By Nicole Johnson of New American Funding* September 13, 2017 Originally published on September 12, 2017 This is it. You’re ready to make the move into homeownership. From all the online searching you’ve done, you know you need to get “pre-something-ed” to prove you are a serious buyer. However, which is it: prequalified or preapproved? […]
What Drives Mortgage Rates?
By Chris Smith September 27, 2016 There are many things that drive mortgage rates available to Buyers. Some things are out of your control: National Employment Patterns, the Stock Market, actions of the Federal Reserve, natural disasters and geopolitical or global events. Let’s focus on the things you CAN control to get the mortgage rate […]
Do’s & Don’ts During The Loan Process
By Bill FitzMaurice May 19, 2016 You found your dream home and your offer was accepted. Congratulations, but before you start packing for your big move there are some definite Do’s & Don’ts we recommend buyers to follow as they go through the loan process. DO: DO ask donor(s) for gifted funds as soon as […]
Understanding Your FICO Score
By Courtney Lynch of New American Funding* Originally published on March 24, 2015 Many of your financial investments depend greatly on one small three-digit number. Your FICO score dictates what kind of loans you receive and ultimately the purchase you can handle. It is important to be cognizant of your FICO score and know whether you […]
Saving Money on Your Mortgage
By Shantell Lorraine Nicole Russell of New American Funding* Originally Published on March 19, 2015 Everyone loves saving money and your monthly mortgage payment is no exception. When you apply for a home loan or are thinking about refinancing, there are a few things you should consider to keep your payments more affordable. Providing a […]