Mortgage, unemployment; Losing your employment in the middle of the mortgage application process can be incredibly stressful. Because this is typically an unlikely scenario, most people don’t know what steps should be taken when this happens. Below, we’ll discuss what you should do if you lose your job in the application process, […]
Applying for a mortgage has never been easier. With the help of the internet, homeowners now have the option to submit an online mortgage application from their home. However, as we’ve transitioned into remote working due to the pandemic, cyber attacks are at the highest rates we’ve ever seen. This raises the question: how […]
Mortgage interest rates can change quickly, and this can impact the amount owed when you refinance your mortgage. A mortgage rate lock can be put in place to protect you from those fluctuations, and will also freeze your interest rate when closing on a refinance. In this article, we’ll take a deeper look at […]
Financing the construction of a home requires a specific kind of mortgage versus buying a new or older home. That’s where construction mortgages come in! What are construction mortgages? A construction mortgage is a specific mortgage used to finance the construction of a brand new home. The good thing about these loans […]
Buying a home is one of the most expensive purchases you’ll make in your lifetime. And paying off that mortgage is a commitment you need to be financially prepared for. Mortgages are complicated, and most people don’t fully understand how it’s calculated and what it’s made up of. Monthly payments are made up […]
One of the great things about homeownership is being able to avoid unpredictable and unwarranted rental fees. For homeowners with fixed-rate mortgages, the interest on your monthly mortgage payments can provide that stability over the course of your loan. However, there are cases where mortgage payments can change, many of which homeowners are unaware of. […]
Although the pandemic has affected nearly every industry, the real estate industry has seen a particularly dramatic shift when it comes to mortgage rates. With its widespread economic impact, COVID-19 has not only affected mortgage rates, but also heightened requirements for purchasing a home loan in some markets. In this article, we want […]
Applying for a mortgage is stressful enough as it is — but what do you do if you lose your job during the process? Especially during the pandemic, this happens more often that it should. Does this mean the window is closed on your mortgage? Don’t panic just yet. There may be some workarounds, […]
In some cases, you may want to pay off your mortgage with a credit card. The question is, it is possible? The answer is, it depends. It’s possible, but it may cost you. So how do you do it, what’s the cost, and is it worth it? In this article, we’ll discuss the pros […]
Annual percentage rate, or APR, should always be checked before shopping for a mortgage loan. In fact, APR is a primary indicator of the quality of your mortgage deal. But if you don’t fully understand it, it could make it difficult to use as a comparison tool. So, what exactly is APR and how does […]
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Ken Venick
Phone: 443-471-4310
ken@kenvenick.com