Navigating the Mortgage Underwriting Process
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...
Buying a Condo vs. Single-Family Home: How to Choose
Discover the Key Differences Between a Condo vs. Single-Family Home So you’ve finally decided to end the debate of renting vs. owning a home and pull the trigger on your homebuying journey. Congratulations! The next big question is deciding what kind of property you...
Renting vs. Owning a Home: Which Is Right for You?
Deciding between renting vs. owning a home may be one of the biggest debates when it comes to housing. Both options offer unique advantages, but the key is to find which fits your personal goals and lifestyle. Let’s explore the pros and cons of each option and take a...
Understanding Escrow: Why It’s Important during Home Loan Transactions
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 transactions, you’re not...
Reverse Mortgage Explained: How It Works and Who May Benefit
A reverse mortgage* is a unique loan designed to help eligible homeowners and homebuyers aged 62 or older convert some of their home equity into cash. This program may offer greater flexibility and financial independence, especially for those entering retirement....
Mortgage & Marriage: Understanding Spousal States for Home Loans
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...
All You Need to Know About Appraisals During the Homebuying Process
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 much money...
What Is a VA Loan Funding Fee?
Military veterans and active-duty service members have dedicated their lives to serving our country, and Supreme Lending couldn’t be more grateful for their service. When it comes to homeownership, there’s no one more deserving than those who risk their lives to...
10 Homebuying Tips for a Smooth Mortgage Process
Your Helpful Guide to Mortgage Homebuying Tips Buying a home is one of life’s biggest milestones—a place to make lasting memories, build your future, and truly create a place to call your own. But let’s face it: the homebuying process can feel a bit overwhelming at...