Home Mortgage Tips

30
Dec
2014

You Ask, We Answer: What is Private Mortgage Insurance or ‘PMI’ and How Does It Work?

CBC National Bank Home Mortgage Tips 0 Comment

For many homeowners, their mortgage payment contains more than just principal and interest. A little something called PMI could be representing a significant portion of that payment, and it’s important for home buyers to understand this cost.

23
Dec
2014

Are You Applying for a Reverse Mortgage? Here Are 3 Considerations You’ll Need to Make

CBC National Bank Home Mortgage Tips 0 Comment

If you’re a homeowner who is looking to tap in to the home equity that you’ve spent years building you may be interested in a “reverse mortgage” or “home equity conversion mortgage”. Let’s take a closer look at how reverse mortgages work, including how to qualify, what happens to your existing mortgage and what a reverse mortgage might cost.

17
Dec
2014

Be Prepared for Your Mortgage Pre-approval Interview by Having Answers to These 4 Questions

CBC National Bank Home Mortgage Tips 1 Comment

So – you’ve completed an initial mortgage pre-qualification and now you’re ready to take the next step and meet with your lender or mortgage advisor for the pre-approval interview. Are you ready? Let’s take a quick look at a few questions you should know the answers to before you go in for a mortgage pre-approval.

10
Dec
2014

Trying to Save on Your Closing Costs? Here Are Three Tips That Can Help Lower Them

CBC National Bank Home Mortgage Tips 0 Comment

Whether you’re about to close on a lovely new house for your growing family or a stylish beachfront condo so you can retire close to the ocean, one thing is certain: you’re going to face a variety of closing costs.

09
Dec
2014

Understanding Mortgage Insurance and the Difference Between FHA, VA and USDA Mortgages

CBC National Bank Home Mortgage Tips 0 Comment

Are you thinking about using mortgage financing to buy a new home? If so, you’ve likely heard about mortgage insurance policies requirements and you may be wondering how they will affect you. In today’s blog post we’ll explore mortgage insurance and explain the difference between conventional, FHA, VA and USDA mortgage insurance policies.

03
Dec
2014

Understanding the Difference Between a Mortgage Pre-qualification and a Pre-approval

CBC National Bank Home Mortgage Tips 0 Comment

If you’re in the market for a new home and you’ve been researching mortgages, you’ve likely come across the terms “pre-qualification” and “pre-approval”. While these terms are self-explanatory in some circumstances, they are quite different in regards to mortgage financing. In today’s blog post we’ll explain the difference between a mortgage pre-qualification and a pre-approval.

02
Dec
2014

The LTV Ratio: How ‘Loan-to-Value’ Works and Why You Need to Understand This Ratio

CBC National Bank Home Mortgage Tips 1 Comment

Are you in the market for a new home? If you plan on using mortgage financing to buy your next home you’ve likely heard the phrase “loan-to-value” or the acronym “LTV” before. Let’s take a quick look at the loan-to-value ratio including why it’s important, how to calculate it and how it can affect your mortgage.

25
Nov
2014

Buying a Home with a Mortgage? A Quick Guide to Closing Costs and What to Expect

CBC National Bank Home Mortgage Tips 0 Comment

Whether you’re just starting to shop for a new home or you’ve already found the perfect new house and you’re ready to submit an offer, if you’re taking out a mortgage loan to cover some of the home’s purchase price you should be aware of the various closing costs you may encounter.

21
Nov
2014

USDA Mortgages: Take Advantage of These Low-Rate Mortgage Loans to Buy a New Home

CBC National Bank Home Mortgage Tips 0 Comment

In today’s blog post we’ll introduce the USDA Rural Development Single Family Housing Guaranteed Loan Program, explain the benefits of this mortgage program and how to determine if you qualify.

19
Nov
2014

Three Key Tips to Help Ensure Your Mortgage Pre-Approval Isn’t Declined

CBC National Bank Home Mortgage Tips 0 Comment

In today’s blog post we’ll share three quick tips that can help to ensure that your mortgage pre-approval isn’t declined.

You Ask, We Answer: What is Private Mortgage Insurance or ‘PMI’ and How Does It Work?

Are You Applying for a Reverse Mortgage? Here Are 3 Considerations You’ll Need to Make

Be Prepared for Your Mortgage Pre-approval Interview by Having Answers to These 4 Questions

Trying to Save on Your Closing Costs? Here Are Three Tips That Can Help Lower Them

Understanding Mortgage Insurance and the Difference Between FHA, VA and USDA Mortgages

Understanding the Difference Between a Mortgage Pre-qualification and a Pre-approval

The LTV Ratio: How ‘Loan-to-Value’ Works and Why You Need to Understand This Ratio

Buying a Home with a Mortgage? A Quick Guide to Closing Costs and What to Expect

USDA Mortgages: Take Advantage of These Low-Rate Mortgage Loans to Buy a New Home

Three Key Tips to Help Ensure Your Mortgage Pre-Approval Isn’t Declined

Closed purchase loan, Alpharetta, GA

Closed refinance loan, Fernandina Beach, FL

Van Buren, Saulsbury, TN

Closed purchase loan, Atlanta, GA