Important Tips when Applying for a Mortgage

important-tips-when-applying-for-a-mortgageAt 1st Advantage Mortgage, we strive to educate and prepare our borrowers to help the loan process runs smoothly with no surprises along the way. Here are some helpful DOs and DON’Ts to follow when you apply for home financing.

Read more

What is Loan to Value (LTV)?

what-is-loan-to-value-ltvThe mortgage world is full of industry-specific lingo. One commonly used acronym is LTV or Loan to Value. This term is often used in the home buying or refinancing process to describe the loan amount as a percentage of the purchase price or value of the property. For example, an $80,000 loan on a $100,000 property equals an 80% LTV.

Read more

Does Buying Make Sense For You?

does-buying-make-sense-for-youOwning a home provides numerous financial benefits, but most importantly, gaining equity for your future. The spring market is upon us, and with continued low rates and low down payment options, it may be the right time to consider buying a home.

Here are some of the benefits of buying a home that you may not have considered.

Read more

9 Tips to Avoid Home Financing Problems

9-tips-to-avoid-home-financing-problemsBuying a home can be stressful, that’s why we are here to provide you with as much guidance as possible. Follow these tips to avoid any financing issues when buying your new home.

Read more

What’s Your Shopping Budget?

whats-your-shopping-budgetWhen you’re looking to buy a new home, you need to know how much home you can afford. A pre-approval is an assessment of the financing you can qualify for based on your financial standing. Getting pre-approved is an important step as it shows sellers that you’re a serious and credible buyer.

Read more
Older posts