Your home is likely the biggest financial investment you will make. So it’s a smart move to invest some time learning more about the financing basics of homebuying and homeownership.
BLOG
Your home is likely the biggest financial investment you will make. So it’s a smart move to invest some time learning more about the financing basics of homebuying and homeownership.
Featured Articles
The Secret Is Out: Sarah Middleton Joins Supreme Lending as Chief Growth Officer & Chief Marketing Officer
We’re thrilled to officially welcome Sarah Middleton to Supreme Lending as our new Chief Growth Officer & Chief Marketing Officer—a bold step forward in our journey to grow, scale, and share the Supreme story with the industry. With more than 36 years of mortgage...
Supreme Lending Expands Leadership with the Addition of Brian Keranen and Eli Fairfield
We are thrilled to welcome Brian Keranen and Eli Fairfield as Regional Directors at Supreme Lending, serving the pacific southwest and further strengthening our presence in one of the nation’s most competitive housing markets. With decades of experience in mortgage...
2-1 Temporary Buydown: How It Works and Potential Savings
If rising mortgage rates have you weighing your options, a 2-1 Temporary Interest Rate Buydown might be worth exploring. Supreme Lending offers this for eligible conventional, FHA, and VA loans, allowing for a lower interest rate in the first two years. This gives the...
Interior Design Trends for 2025: Fresh Ideas to Inspire Your Home
Owning a home brings a sense of accomplishment, and part of that journey often involves creating a space that truly reflects who you are. Whether you're settling into your first home or refreshing your current space, staying inspired by the latest design trends...
Winterizing Your Home: Tips for Cold-Weather Preparedness
As winter creeps in and the temperatures start to dip, it’s time to get your home ready to take on the chill. Think of winterizing your home as more than just another seasonal chore—it’s a proactive move to save money, improve energy efficiency, and steer clear of...
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...
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...
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...
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?
All You Need to Know About the 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...
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....
Your Guide to the FHA 203(k) Renovation Loan Program
Discover the Program Highlights of an FHA 203(k) Renovation Loan Are you ready to turn a fixer-upper into your dream home? Whether it’s a home you’ve just bought or already own, renovation loans like the FHA 203(k) program may help you finance both the purchase and...
Mortgage Checklist: What Documents Will You Need?
An Overview of Your Mortgage Checklist Ready to buy a home but don’t know where to start? We’ve got you covered with what is needed for the loan application process with this basic mortgage checklist! To qualify for a home loan, lenders will need to review several...
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...
Your Guide to the FHA 203(h) Disaster Relief Loan
All You Need to Know About the FHA 203(h) Disaster Relief Loan Program When natural disaster strikes, the devastation it leaves behind can be overwhelming, especially if your home is damaged or destroyed. At Supreme Lending, we know how difficult it can be to rebuild...
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...
3 Common Condo Loan Myths – It May Be Easier Than You Think!
Don’t let these condo loan myths get in your way of homeownership! Condominiums can be an appealing alternative to traditional homes, offering perks like lower maintenance, community features, and prime locations. However, some potential homebuyers may hesitate to...
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...
Supreme Lending Increases 2025 Conforming Loan Limits Available Now
Supreme Lending is proud to announce the conforming 2025 loan limits have increased and, the best part, the company is offering the raised loan limits today. For single unit properties, the conforming limit is now $800,000, up from $766,550. While Fannie Mae and...
The Hidden Costs of Homebuying: What to Know Beyond the Down Payment
Buying a home is a major milestone, and while most prospective buyers are focused on saving for the down payment, there are additional homebuying costs to consider. From closing costs to ongoing home maintenance expenses, it’s important to understand the costs beyond...
FHA Loans for Non-First-Time Homebuyers: How It Works
Can repeat buyers qualify for FHA loans? When you think of an FHA loan, it’s often associated with first-time homebuyers. After all, FHA loans are widely known for lower down payment and flexible credit requirements. But did you know that FHA loans are not just...
Home Appraisal Checklist: Key Factors to Consider
Your Quick Home Appraisal Checklist When buying or selling a home, it’s important to understand the importance of a home appraisal during the mortgage process. Appraisals determine the value of a property based on various factors, ensuring buyers, sellers, and lenders...
What Are Supreme Lending Credit Score Requirements?
An Overview of Supreme Lending Credit Score Requirements When you’re preparing to buy a home, understanding the mortgage credit score requirements is essential. Your credit plays a significant role in determining your eligibility for various loan programs, as well as...
Home Equity Line of Credit: What Is a HELOC?
When homeowners think about tapping into the equity they’ve built in their property, a Home Equity Line of Credit, also known as a HELOC, may come to mind. This alterative transaction mortgage can be incredibly versatile and useful for eligible homeowners to access...
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...