Mortgages by Rachel

Uniform Residential Loan Application = A standard mortgage loan application form on which you provide the lender with information required to assess your ability to repay the loan amount and to help the lender decide whether to lend you money. #mortgageterms #homeownership

Amidst the housing shortage, builders are needed to produce more homes for homebuyers to purchase. The shortage was further exasperated by the pandemic, which disrupted production and the shipping channels to get materials to builders in order for them to build homes. There’s good news! Read more: http://bit.ly/CostConcernsOfBuildingMaterials #HOMESTARblog #marketupdate #homebuilding #homebuying #housingmarket

Depending on your mortgage, you can have stable costs year-to-year. If you have a fixed-rate mortgage, you’ll pay the same monthly amount for principal and interest until the mortgage is paid off (keep in mind that fluctuating property taxes or homeowners insurance can change the payment each month). #NationalHomeownershipMonth #homeownership #homebuying #chooseHOMESTAR

For most, owning a home is more than just having their place. It symbolizes making it in life and achieving the unimaginable feat of the American Dream. Read our blog post for steps to achieve the American Dream of homeownership: https://bit.ly/StepsToAchieveHomeownership #homeownership #benefitsofhomeownership #HOMESTARblog

Homeowners Insurance = A policy that protects you and the lender against losses due to fire, flood, or other acts of nature. It also offers protection against liability in the event that a visitor to your home is injured on your property. #homeownersinsurance #mortgageterms #mortgage

Here is a checklist of everything you need for closing day. Items generally needed are: - Photo ID - Outstanding documents or paperwork - Certified or cashier's check for closing costs... #homeownership #closing #closingprocess

HOMESTAR recognizes those who proudly served our country. Thank you! HOMESTAR is proud to offer the VA loan program, which includes the following benefits: - No monthly mortgage insurance premium - Limited closing costs... - No money down is available Contact me today to get the mortgage process started. #homeownership #valoans #chooseHOMESTAR

Take advantage of low interest rates by refinancing your home. You could be banking significant savings by reducing your monthly payment or mortgage insurance. Why wait!? #refinancing #refinanceyourhome #chooseHOMESTAR

Q: What does my credit score need to be to qualify to purchase a home? A: The minimum credit score to qualify for a home loan will depend on the type of loan program you choose and your unique situation. #homebuyerFAQ #chooseHOMESTAR #homeownership

With mortgage rates low, now could be the perfect time for you to refinance your home. You could save money refinancing your mortgage at a lower rate. Ready to get the refinance process started? Do these two things before you do: 1. Check your credit score.... 2. Gather all mortgage documents. #refinancing #refinanceyourhome #chooseHOMESTAR

Credit Report = A document used by the lender to examine your use of credit. It provides information on money that you've borrowed from credit institutions, the amount of available credit you have in your name, and your payment history. Lenders obtain credit reports from credit bureaus. #mortgageterms #chooseHOMESTAR #homeownership #credit #creditreport

Understanding your credit score is a smart idea for many reasons, especially as you think about purchasing a home. Qualifying for a home loan is greatly influenced by your credit score, and knowing how good or bad your credit score is an important first step down the path to homeownership. Here are 12 credit secrets you need to know: http://bit.ly/12CreditSecretsYouNeedToKnow #HOMESTARBlog #creditsecrets #homeownership #chooseHOMESTAR #credittips