7 Things to Know Before You Refinance Your Mortgage
There are several things to consider when deciding to refinance* your mortgage. It’s essential that you’re well-informed and ready to make an educated home financing decision to reach your goals. Once you’ve established how soon you can refinance, here are seven other...
Your Guide to Mortgage Gift Funds for Down Payment and Closing Costs
Unlocking Homeownership With Mortgage Gift Funds When it comes to purchasing a home, the down payment is often a big hurdle for borrowers, especially first-time homebuyers. However, there may be an opportunity to help make homeownership a reality through mortgage gift...
Back-to-School Homeownership Tips: 7 Ways to Prep Your Household
Celebrate new beginnings with these quick and easy back-to-school homeownership tips. As summer winds down and it’s back to school season, it’s not just the kids who need to get ready for the new academic year. Homeowners can also take this time to reassess,...
How Soon Can You Refinance a Mortgage?
Refinancing* your mortgage may be a strategic financial move that may unlock potential savings, but a common question for homeowners is, how soon can you refinance? Timing is everything. Whether you’re looking to lower your monthly mortgage payments, pay off your home...
Can You Add Renovation Costs to Your Mortgage?
When someone asks if it’s possible to add renovation costs to mortgage, the simple answer is yes! When buying a home, people dream of finding the perfect property that checks off all their boxes. However, sometimes the ideal property may need a little work to become...
A Guide to Seller Concessions in the Homebuying Process
If you’re thinking of buying a home, you may want to consider the possibility of seller concessions to help reduce upfront loan expenses. Imagine having a portion of your mortgage closing costs covered or even getting some essential home repairs taken care of without...
6 Common Mortgage Myths Debunked
Don’t let mortgage myths get in the way of your dreams of homeownership. Unfortunately, there are several misconceptions about home financing that can make getting approved for a loan seem more difficult than it could be. Supreme Lending is here to set the record...
Mortgage LTV: What Is a Loan-to-Value Ratio?
When it comes to securing a mortgage, a key factor that lenders consider when evaluating a borrower’s lending capacity is Loan-to-Value (LTV) ratio. Understanding mortgage LTV, how it’s calculated, and how it can impact your mortgage can help you make informed...
Mortgage Refinance Checklist: What Documents Do You Need?
Download a copy of the refinance checklist here. If you’re considering refinancing* your mortgage, there are several ways you can prepare beforehand to ensure a smooth, timely transaction. The refinancing process requires careful planning and organization, starting...