If you put down less than 20% of the purchase price, your home mortgage will probably include private mortgage insurance (PMI). This premium protects the lender in case you can’t pay your mortgage. Find out more about how PMI works and when you can stop paying...
The better your credit score, the better your interest rate will be when you secure a mortgage. The closer your credit score is to the fair credit threshold, the higher your interest rate will be when you get a home loan. Banks set your interest rate based on how much...
Nothing’s worse than having your dream of home ownership snatched away at the last moment. Though it isn’t common, lenders can deny your mortgage application after pre-approval. There are a few reasons this can happen, but all of them can be prevented with...
People who want to purchase a home will need to obtain a mortgage unless they’re going to pay cash for the home. Some people are mystified by the process of getting a mortgage, but this isn’t necessary. Planning ahead can help to make the process easier...
Having worked in the industry for over 20 years, Tim Potempa has become an expert on mortgage and home buying with knowledge and experience in multiple states. Looking to share his insights with his Arizona community, Tim went on ABC 15’s Sonoran Living Home...
If you’re looking for home financing, especially if this is your first time buying a home, you may be confusing about the various terms used to describe mortgages. However, the industry isn’t nearly as complex as it might seem at first glance. Basically,...
