When you buy a home, you’re going to have to start paying your mortgage payments. However, many homebuyers don’t know what costs are included in their monthly mortgage payment. Some may think it’s just the cost of the loan, but there is more to it than that. The four components that make up your mortgage […]
As a potential home buyer, you will need a mortgage in order to finance a house. However, you will first need to decide whether you want to work with a mortgage broker. One of the most common misconceptions is that mortgage brokers and lenders are the same. Here we will talk about what a mortgage […]
For homeowners who are 62 years of age or older, taking out a reverse mortgage is a great way to supplement your income. However, you may have many questions that you need answers to before deciding if this is right for you. Here some reverse mortgage faqs. What is a reverse mortgage? A reverse mortgage […]
When it comes to financing your home, you have many options at your disposal. Each loan has its pros and cons, and what you choose will be based on many factors, but conventional loans are the most popular. If you have a high enough credit score and a large enough down payment, a conventional loan […]
During the mortgage underwriting stage, your application moves from the lender to the mortgage underwriter. Their role is to ensure you meet the loan criteria, which will ultimately lead to their final decision: to approve or deny your loan request. Here are some things you should know about the mortgage underwriting process. What is Mortgage […]
Are you thinking of buying a home, but not sure how much you can afford? To determine how much house you can afford, here are some key factors to consider: Debt-to-Income Ratio A major factor lenders consider is your debt-to-income ratio, which determines how much of your income is needed to pay your debts, such […]
What is homeowners insurance? Homeowners insurance is protection for your home that covers various situations that may impact your home, such as natural disasters, theft, injuries, home equity, and vandalism and even covers you if you’re liable for injury to another person or damage to their property. What does homeowners insurance cover? A regular homeowner’s […]
Myths can be confusing, especially when it comes to getting a mortgage. While it’s important to do your research during the home-buying process, you can’t believe everything you hear. Here are the four most common mortgage myths, debunked. Myth #1: Pre-Qualification and Pre-Approval Are The Same Many home buyers believe that pre-qualification and pre-approval are […]
If you’re a prospective first-time homebuyer, you may be wondering: Do you buy a starter home now or save up until you can afford your “forever” home? The key difference to a starter home and a forever home is the length of time you intend to live there. A starter home is something you’d be […]
Renovation loans are the best way to turn a home that needs a little TLC into the home of your dreams. Here are the answers to the most common questions home buyers ask about renovation loans. What is a Renovation loan? A home renovation loan gives homeowners access to funds needed to fix up their […]
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Ken Venick
Phone: 443-471-4310
ken@kenvenick.com