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.
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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
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...
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...
Investment Property Loans: Discover the Financing Possibilities
Are you interested in investment property loans, but not sure where to begin? Investing in real estate may offer exciting and rewarding opportunities, including rental income. In fact, HousingWire reported that investment returns for single-family rental homes are...
Are You Just Beyond Qualifying for a Mortgage?
Learn about Supreme Lending’s BEYOND Program, an ITIN Loan Option. Did you or someone you know just miss out on becoming eligible for a mortgage? Supreme Lending may have the solution with the BEYOND mortgage program, commonly known for being an ITIN loan option....
Mortgage Refinance Calculator: Is Refinancing* Right for You?
Understanding How to Use a Refinance Calculator Refinancing a mortgage can be a strategic tool for many homeowners, but determining whether it’s the right move requires careful consideration and calculation. A refinance calculator can help you understand the potential...
Down Payment Assistance Programs: Low or No Money Down Mortgages
Understanding Down Payment Assistance Programs When it comes to buying a home, one of the most common misunderstandings is that you need at least a 20% down payment. This misconception can discourage potential buyers, especially first-time homebuyers, from pursuing...
What Is a Temporary Rate Buydown Mortgage?
Ease into a Mortgage with a Temporary Interest Rate Buydown In today’s mortgage market, finding ways to make homeownership more affordable is key. One effective option is a temporary rate buydown mortgage. What is a rate buydown and how can it benefit borrowers? Let’s...
Unlocking the Keys to Condo Financing: All You Need to Know
Condo financing is an exciting and rewarding experience, especially if you’re looking to purchase a dream home with low maintenance and community amenities. It’s important to understand how condo loans work to make an informed decision in your homebuying journey. Let...
FHA Loans vs. Conventional Mortgage: Which One Is Right for You?
When it comes to financing your new home, choosing the right mortgage is so important – FHA loans, Conventional mortgages, down payment assistance – there are several options to choose from. Each loan program has its own set of guidelines, benefits, and...
Prepare Your Home for Hurricane Season: 7 Essential Homeownership Tips
Your Guide to Prepare Your Home for Hurricane Season and Severe Weather Homeownership is a considerable, rewarding experience, offering a place of comfort and security. However, natural disasters are inevitable, so it’s important to keep your home safe and protected...
How a Bank Statement Loan Can Help Self-Employed Borrowers
Understanding a Bank Statement Loan For entrepreneurs and self-employed individuals, securing a mortgage can often be a challenge. Traditional home loans typically require W-2 tax returns and other documentation that may not accurately reflect the income of...
Mortgage DTI – What Is Debt-to-Income Ratio?
The Ultimate Mortgage DTI Handbook When it comes to securing a mortgage, understanding your finances has never been more important. One of the most important metrics lenders use when evaluating a borrower’s eligibility for a mortgage is Debt-to-Income ratio, commonly...
Home Renovation Projects to Boost Your Home’s Value in 2024
Undergoing home renovation projects can not only enhance your living space but, if done right, may increase the value of your home. Whether you’re looking to attract buyers before selling your home or want to modernize your space, here are eight popular home...
Understanding Cash-Out Refi Loans and When They Make Sense
If you’re a homeowner looking to gain access to the equity you’ve built in your home, you’ve most likely heard about cash-out refinancing,* also commonly known as cash-out refi loans. These offer a useful way to access cash by refinancing your current mortgage. But...
DSCR Loans – What Is Debt Service Coverage Ratio?
An Investor’s Guide for DSCR loans Whether you’re just getting started with your investment portfolio or are a seasoned investor, navigating real estate is all about strategy. Supreme Lending is proud to offer a program to help investors easily finance dream...