You’re on the hunt for your dream home. You’ve established a successful relationship with a real estate agent and loan officer and now it’s time to tour some homes. What’s next? Here are some questions to ask when touring a home to make sure it meets your standards. Why did you choose this home for… [Read More]
When purchasing or refinancing a home, mortgage insurance may be required depending upon your loan program and down payment amount. Loans with a low down payment amount will require mortgage insurance. It protects the lender if you were to fall behind on your payments and lose the home to foreclosure. The cost of the insurance may… [Read More]
Interest rates are ever-changing and there are a lot of factors that impact the rate you are able to secure. Here are 7 things that impact your rate: 1. Credit score 2. Home location 3. Home price & loan amount 4. Down payment 5. Loan term 6. Interest rate type 7. Loan type. Don’t stress,… [Read More]
Welcome to Foundation Mortgage Company! Please check back for future articles and information.