Blog
Understanding the Steps of the Mortgage Process: From Pre-Qualifying to Closing
So, you've decided to take the plunge into homeownership. Congratulations! But where do you start? The mortgage process may seem overwhelming, especially for first-time buyers. That's where your local Supreme Lending team comes in to help simplify the journey from...
Everything You Need to Know About Jumbo Loans
House hunters who are interested in larger or more expensive homes that could exceed certain conforming loan thresholds may need to consider a Jumbo loan program. If you’re dreaming big in your homebuying journey, discover what exactly a Jumbo loan is, qualification...
Mortgage PITI: What All Goes Into Your Monthly Mortgage Payment
A mortgage is more than just the home loan amount, so let’s breakdown what all goes into a monthly payment beginning with the short acronym, mortgage PITI—principal, interest, taxes, and insurance. Understanding these factors can help you determine how much home you...
Basics of a Mortgage Closing Disclosure
As anyone who has been through the homebuying process can tell you, there are several important documents that are typically involved. One of the single most vital, and one that all homebuyers will deal with eventually, is known as the mortgage closing disclosure....
What Is Private Mortgage Insurance & How Does It Work
When considering buying a home and what your mortgage payment will look like, it’s important to be familiar with private mortgage insurance (PMI). All parties in the mortgage and homebuying process must be protected from certain risks, and this includes not only...
A Guide to Home Renovation Loans
Picture this – you currently own or want to buy a home with good bones, but it needs some TLC. The good news is that you don’t have to handle a home remodel alone. Renovation loans are a great option to help fund home improvements, repairs, and enhancements by rolling...
Getting a Mortgage Pre-Qualification vs. Pre-Approval
When considering buying a home, it’s highly recommended that the first step in your homeownership journey is to work with a lender to get pre-qualified or pre-approved for a mortgage. While the two terms sound similar and both help give buyers an understanding of how...
Why Refi? 5 Common Reasons to Refinance a Mortgage
The decision to refinance* your mortgage is a strategic move that can have a profound impact on your financial well-being. There are several types of situations when refinancing might provide specific benefits and unlock potential savings. It’s important that...
VA Loans 101: Benefits and Eligibility
The men and women who have served in America’s Armed Forces have sacrificed so much to protect our freedom and communities, including time away from their families. There’s no profession more deserving of having a home to call their own. Supreme Lending is honored to...