Posts Tagged ‘Hutchinson Mortgage’
The 20% Down Myth
If you’re desperate to own a home of your own, you are likely saving up until you have 20% of your dream home’s total value. All that’s great, but the fact is you don’t need to put down 20%. The 20% myth is leftover from the era after the housing crisis, when many lenders tightened…
Read MoreShould I escrow my taxes and insurance?
One of the big terms in the mortgage world is escrow. An escrow account is set up to collect funds to pay your property taxes, homeowner’s insurance and, if applicable, mortgage insurance. The lender collects one twelfth of each of those yearly premiums each month to ensure there is enough money in the escrow account…
Read MoreMaking an additional payment
Obtaining a mortgage loan can be an overwhelming process. Sometimes, the thought of having a loan against your home for 30 years seems like an eternity. To help reduce that stress, there is an option to consider; make one additional principal and interest payment to your mortgage each year. By doing so you can cut…
Read MoreBudgeting for Your Next Home Purchase
Whether you’ve owned a home in the past or are looking to purchase for the first time, saving up for the purchase can be one of the most difficult aspects. We work with members on a daily basis to develop savings plans so they can afford to purchase a home down the road. There are…
Read More3 Home Staging Tips for a Quick Sale at Top Dollar
Do you want to sell your home quickly and get the best price for it? Follow these three important home staging tips to help you enhance your home’s strengths and minimize the weaknesses so it appeals to as many buyers as possible. Home staging tips 1. Curb appeal – you know the old cliché, “don’t…
Read MoreChecklist of Documents
Getting a home loan can be a stressful time in your life. At SouthPoint, we want to help make the process smooth and easy for you. When you are ready to begin the process and talk to a Mortgage Loan Officer, you will need general personal information such as: Financials Income (hourly or salary): Current…
Read MoreTips to Qualifying for a Home Loan
Oftentimes, the Average Joe doesn’t know much about obtaining a home loan. People hear reports of dropping interest rates and lower home prices and hastily decide to jump into home ownership. To their surprise, they discover that the process of getting a home loan differs from getting a car loan or renting an apartment. Applicants…
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