MORTGAGE BLOG
Reverse Mortgage vs. Cash-out Refinance: Your Complete Guide
Are you confused about choosing the right mortgage? Here is everything you need to know about reverse mortgages & cash-out refinance.
Everything You Need to Know About Refinancing Your Mortgage
Your house is a financial asset. If you’re a homeowner, you could be hearing about refinancing from everyone from your neighbors to television anchors. You may utilize your house to leverage your investment by refinancing. Many people choose to refinance for a variety of reasons, including taking cash out of
30-Year Mortgages: Everything You Need to Know
Speak with the best mortgage lenders in Texas to learn how a 30-year mortgage works. Contact Savant Lonestar today!
How to Refinance a Reverse Mortgage: The Ultimate Guide
The process of refinancing a reverse mortgage is similar to that of traditional refinance. There are standard eligibility criteria set by mortgage lenders and certain steps to be followed. In most cases, it helps stabilize the financial situation. However, it has consequences as well. So, understanding the basics of refinancing
The Underwriting Process: Everything You Need to Know
Do you know that 65% of homeowners in the US have a Mortgage? Are you planning to take out a home loan in Texas? Many mortgage lenders can help you get approved for a loan. However, one thing sets a lender apart from the rest- underwriting approval. Before applying for
How Much Money Will You Need to Purchase a Home in 2022?
Are you wondering how much money you’ll need to come up with in order to buy your dream home? Well, we’ve come up with the ultimate guide for you! Trying to figure out how much money you’ll need to purchase a house has always been difficult for first-time buyers. But
In-House Underwriting: Top Criteria & Benefits You Must Know
Are you in the last stages of your home loan application? Now that you’ve gone through the tedious process of rate locking, appraisals, and inspections, you may be wondering what comes next, which brings us to the underwriting process. It may sound frightening at first, but it becomes much less
Manual Underwriting Vs. Automated Underwriting: The Complete Guide
The mortgage underwriting process helps mortgage lenders determine if your financial status is solid enough to repay the home loan you’re applying for. Because anyone’s financial condition can change, the underwriting process considers whether the property you want to buy is worth enough to repay the loan if the lender
VA Home Loan v/s Conventional Home Loan: Choosing the Best Loan Option
When you are planning to buy a home, the type of mortgage you choose is an important decision. But with so many options available, it can be challenging to decide which loan is right for you. Each loan product has its advantages and disadvantages, so it is imperative that you
