For most of us, a home is the most expensive purchase we will ever make and consequently, the biggest debt we will ever carry. Therefore, it is imperative that you make the best decisions for you and your family before and during the loan process. Mistakes can cause you to pay more than is necessary, stop your loan from closing …

Millions of American homeowners are thinking about refinancing their home in today’s market because real estate equity has greatly increased in recent years. Homeowner equity went from $6 trillion in 2009 to $15 trillion in 2018. This equity can be converted into financing for school, business or the purchase of a second home or investment property. The ability to do …

A home refinance could be a very smart move or a very big mistake. Refinancing may keep more money in your account and less in the bank’s. Refinancing could bail you out of an emergency or let you retire earlier. But it only works when you take out the right loan for the right reasons. The right reasons for refinancing …

If you are a property owner that is thinking about purchasing an apartment building, you are not alone. The US has generally shifted from homeownership to ‘rentership’ so the interest in multifamily investment has increased. Commercial real estate generates income. Residential real estate is an owned residence. However, some rental properties that produce income are financed by a residential loan. …

The mortgage industry has been subjected to continuous regulatory changes for the past decade. Some of the top issues this year are: Superior Mortgage Co. is dedicated to expanding their expertise in the mortgage industry by keeping abreast of every change, revision or new regulatory provision as soon as they happen. We believe that an informed client is the best …

A mortgage will probably be the biggest debt you will ever have and a home is probably the most expensive purchase you will ever make. To lessen the stress of this important decision, it is vital to avoid the usual pitfalls such as letting a bank decide how much you should spend on a home. A mistake like this may …

If you are interested in buying a home, your lender will order an appraisal of the property you are interested in purchasing to make sure that you are not overpaying for your home. If you are refinancing a home you already own, an appraisal is necessary to ensure that the seller does not lend more money that the property is …

Getting appraisals for your home when you are buying or refinancing can be challenging. If the appraisal comes in higher or lower than the sale price, both parties will need to negotiate accordingly. Therefore, it is important to know what home appraisals consist of and what sellers can do to move the process along successfully. If the home you want …

A jumbo mortgage may be the best way to finance an expensive home. It is the type of mortgage loan whose principal balance is more than the loan limits for Fannie Mae and Freddie Mac, which at this time is $484,350 for a one unit property and $931,600 for a four unit property, depending upon where you live. Jumbo mortgage …

As we know, home improvements can make your property more efficient, comfortable, aesthetically pleasing and ultimately, more valuable. If you’re short on cash and wanting to make improvements on your home, there are several good choices for home improvement loans. If it is a smaller project, a personal loan may be a good solution. You can use the money for …