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 […]
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 […]
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Ken Venick
Phone: 443-471-4310
ken@kenvenick.com