What Does it Mean to Port Your Mortgage?
Porting a mortgage refers to the process of transferring the outstanding principal balance, remaining term, and interest rate of a current mortgage to a new property if the homeowner is selling their existing home and purchasing a new one. However, it is important to note that porting a mortgage is not a simple process and…
Read Article...Does it Matter Where Your Down Payment Source Is From?
When it comes to purchasing a new property or home, many people focus on the excitement of finding the perfect place, without giving much thought to where the down payment will come from. However, it’s crucial to understand that the source of your down payment matters a great deal to the lender, and it can…
Read Article...Understanding a Spousal Buyout Mortgage
If you’re going through or considering a divorce or separation and needing some advice on a spousal buyout mortgage, you might not be aware that there are mortgage products designed to allow you to refinance your property. If you’re like most people, your property is your most significant asset and is where most of your…
Read Article...Construction Assignments
One of the benefits of working with an independent mortgage professional is having lots of great financing options! Rather than dealing with a single lender with one set of products, independent mortgage professionals work with multiple lenders who offer a wide selection of mortgage financing options that provide more choice. Increased choice in mortgage products…
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