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 […]
Buying a new home is an exciting time for nearly anyone, but when you still haven’t sold your old home it can get a bit tricky. When buying and selling are both on your to-do list, it can be hard to know what to do first. Here are some tips and benefits on buying a […]
If you’re an active member of the military, or a veteran, a VA home loan might be a great option for getting a mortgage. Here are answers to the most frequently asked question about VA loans. What is a VA Loan? A VA loan is a mortgage loan that’s issued by private lenders and backed […]
If you have a house, you may be wondering if you should pay off your mortgage loan as fast as possible. While debt is usually to be avoided if possible, there may actually be some financial benefits to having mortgage debt. Here are some pros and cons of carrying mortgage debt. Pro: Having a Mortgage […]
Before taking out a loan, it’s important to learn how they work and how you can borrow smartly, safely and at the lowest possible cost. There are a few key things to understand, and the more you know, the more prepared you’ll be. Here are the mortgage loan basics. What is a Mortgage Loan? A […]
When you are purchasing a home, you have a lot of decisions to make. One of them is whether you want to increase your closing costs and lower your interest rate with mortgage points, or discount points. So, what are mortgage points and when does it make sense to use them? What is a Mortgage […]
If you have started the process of getting a mortgage, you may be wondering if you should get a 15 year or 30 year fixed mortgage. Each length of mortgage has its advantages and disadvantages. The decision between both mortgages will be based on your current financial situation. Here is what you need to know, […]
Whether you’re a first-time homeowner or planning to move, buying a new home is an exciting process. You may not know this, but there are many opportunities for tax deductions on your home that can put some money back in your pocket. Below are the top three tax benefits of owning a house. Mortgage Interest Deduction […]
Getting a mortgage pre-approval can put you ahead of other buyers and speed up the mortgage process, helping you secure your dream home. Here are the essential steps to the mortgage pre-approval process. Difference Between Pre-Qualification and Pre-Approval It is critical to understand the distinction between pre-approval and pre-qualification because they are not the same. […]
If you’ve ever been denied for a mortgage or are starting the process of buying a home, you may be wondering how to avoid rejection. Here are some tips on how to avoid a mortgage denial. Recent Large Purchases Mortgage lenders will be evaluating your finances when you apply for a loan. If you make […]
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Ken Venick
Phone: 443-471-4310
kvenick@equitymortgagelending.com