by Supreme Lending | Dec 10, 2024 | Homebuyers
Buying a home is an exciting milestone, but it may also come with unfamiliar terms and processes that feel overwhelming. One term you’ll likely encounter is “escrow.” If you’re unsure what escrow means or why it’s important during home loan transactions,...
by Supreme Lending | Dec 8, 2024 | Homebuyers
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...
by Supreme Lending | Nov 10, 2024 | Home Loans, Homebuyers, Homeowners
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...
by Supreme Lending | Nov 9, 2024 | Home Loans, Homebuyers
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...
by Supreme Lending | Nov 7, 2024 | Family, FHA, Home Loans, Homebuyers
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...
by Supreme Lending | Nov 3, 2024 | Conventional, FHA, Homebuyers, USDA, VA
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...
