Latest Articles

Hard Credit Inquiries

Big Changes Coming to Hard Credit Inquiries As of January 1st, the price of hard credit reports for mortgages will see a drastic increase. Why does this matter to you? Hard inquiries are used for mortgage pre-approvals, which are considered incredibly important to have when shopping for a home. Many sellers don’t consider an offer […]

Seller-Funded Temporary Buydown

What is a Seller-Funded Buydown? A Seller-Funded Buydown is a seller credit/concession given to the buyer to lower their payment temporarily. This program is generally used in a higher interest rate environment to make a house payment more affordable. Payments are made more affordable for the first one, two, or three years of the mortgage […]

Seller’s Concessions

As the housing market calms down from its hot streak of 2020-21, sellers are becoming more motivated to negotiate with buyers. A common point of negotiating is a seller’s concession also known as a seller’s assist or seller contribution. What is a seller’s concession? A seller’s concession is when the seller agrees to pay some […]

Earnest Money Deposits

What is an earnest money deposit? An earnest money, or good faith deposit, is a deposit from the homebuyer to the seller that shows good faith that the buyer will go through with purchasing the home. Earnest money is a great tool for homebuyers in a competitive market. It helps show that you are serious […]

Debt-to-Income Ratio (DTI)

We all know that our credit history plays a major role in determining eligibility for a loan but there is another factor that can have as great and often greater influence on your mortgage application’s approval: debt-to-income ratio (DTI). In fact, 35% of mortgage applications that were denied in 2021 were due to high DTI […]

Rate Locks

Rates. They are a popular topic. We hear rate questions all the time. What is the current rate? Will rates go up? How do I get the best rate? Let’s take a moment to address a component of rates that is less frequently mentioned: rate locks.    What Is A Rate Lock?  A rate lock […]