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Financing & Insuring

Financing & Insuring

5 Questions to Ask When You’re Choosing a Mortgage Lender

July 8, 2020

Before you’re handed the keys to your dream home, you’ll have to pick a mortgage lender to help with your homebuying journey. But how do you find the right one? Here are five key questions that can help you narrow down your lender options and choose the one that makes your homebuying process as smooth as possible. What are my loan options? A good mortgage lender won’t simply list off all the various types of loans, they’ll help you determine which loan works best for…

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Financing & Insuring

How to Choose an Insurance Company

May 27, 2020

Homeowner’s insurance is a critical aspect of owning a home, but with so many options to choose from, selecting an insurance provider can be daunting. In addition to standard coverage, following are some helpful hints to consider when you choose an insurance provider. Coverage is the biggest factor to keep in mind when it comes to insurance. It’s important to research what situations a policy covers so you can compare apples to apples in terms of: Price The assistance you would receive in an emergency…

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Financing & Insuring

The Truth About Mortgage Rates

May 23, 2020
Loan Application

Afraid you’ve missed the best rates? Good news: They’re still great! See how this year’s mortgage trends stack up against historical averages. The takeaway: Rates may fluctuate from week to week, but in general, it’s a great time to buy a new home. Concentrating on factors you can control (your savings, your credit score, your employment record) may help more than waiting for a lower rate. Contact a loan officer at HomeAmerican Mortgage Corporation for more information about financing options and loan offers: 866.400.7126. Rates…

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Financing & Insuring

Can My Family Help Me Finance a New Home?

April 29, 2020

Homeownership is a very exciting prospect, but paying for a new house can be daunting. In this article, we share how your family can contribute funds to help you take this important step! Being able to purchase a new home with financial assistance from your family is a wonderful opportunity. To help cultivate a positive relationship (and borrowing experience), make sure to set clear expectations about gift funds at the onset and inform relatives that they will be required to share some personal financial information,…

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Financing & Insuring

What Credit Score Do I Need for a Mortgage?

March 22, 2020
Get an idea of what credit score you'll need for a mortgage.

Wondering what credit score you need to qualify for a mortgage? You’d be wise to ask. Your credit score (also known as a FICO® score) is one of the most important elements of qualifying for a home loan—and helps lenders determine your interest rate in the event you do qualify. While there isn’t a strict credit score standard that applies to all lenders—who have varying  requirements for loan origination—there are baseline standards if you’re applying for an FHA loan backed by the US government. To…

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