Blog
Mortgage & Marriage: Understanding Spousal States for Home Loans
Whether currently married homeowners or soon-to-be married, it’s important to understand the homeownership rights when it comes to spouses and the state they reside in. Let’s breakdown spousal states versus community property states and how they impact the mortgage...
How Soon Can You Refinance a Mortgage?
Refinancing* your mortgage may be a strategic financial move that may unlock potential savings, but a common question for homeowners is, how soon can you refinance? Timing is everything. Whether you’re looking to lower your monthly mortgage payments, pay off your home...
Home Appraisal Checklist: Key Factors to Consider
Your Quick Home Appraisal Checklist When buying or selling a home, it’s important to understand the importance of a home appraisal during the mortgage process. Appraisals determine the value of a property based on various factors, ensuring buyers, sellers, and lenders...
Navigating the Mortgage Underwriting Process
You’ve submitted your initial mortgage application, completed the necessary paperwork, and even had your home appraised. Now, you find yourself at the crucial stage of the loan process - underwriting. This is where the underwriter, acting as a gatekeeper for the...
Common Credit Score and Down Payment Requirements by Mortgage Type
For aspiring homeowners and first-time buyers, many questions can arise about the mortgage process. What credit score do you need to qualify? How much down payment is required? Answers are based on several factors including the property, purchase price, and, most...
What Are Supreme Lending Credit Score Requirements?
An Overview of Supreme Lending Credit Score Requirements When you’re preparing to buy a home, understanding the mortgage credit score requirements is essential. Your credit plays a significant role in determining your eligibility for various loan programs, as well as...
All You Need to Know About Appraisals During the Homebuying Process
There are several important steps involved in the homebuying process, and an independent confirmation of the property's value is a key step for mortgage approval. This evaluation is typically known as an appraisal. What is an appraisal, why is it done, and what else...
What Is a VA Loan Funding Fee?
All You Need to Know About the VA Loan Funding Fee Military veterans and active-duty service members have dedicated their lives to serving our country, and Supreme Lending couldn’t be more grateful for their service. When it comes to homeownership, there’s no one more...
Reverse Mortgage Explained: How It Works and Who May Benefit
A reverse mortgage* is a unique loan designed to help eligible homeowners and homebuyers aged 62 or older convert some of their home equity into cash. This program may offer greater flexibility and financial independence, especially for those entering retirement....