What Does Closing Entail?
Finding the house you want and making an offer are just the first steps before purchasing a home. After the inspection and appraisal come back adequate, it’s time to submit the required documents. Finally, the last step is to get your keys during closing. An exciting yet nerve-wracking point in the process, closing is the… Read more
Celebrating National Homeownership Month
June is National Homeownership Month, and to celebrate, we’re listing the benefits of owning a home! For many, our homes have become workplaces, schools, and provided a safe harbor during the pandemic. American homeownership has risen to its highest point in eight years, to 65.6 percent. According to a survey by Gallup, real estate topped… Read more
Home Maintenance 101
Owning a home is a constant responsibility. Upkeep includes aesthetics, but it’s essential not to overlook smaller, less-noticeable aspects of home maintenance as well. For first-time homebuyers, home maintenance might feel somewhat overwhelming. Where do you start? Look no further. Monthly Each month, you can do some easy and inexpensive tasks to prevent extensive maintenance… Read more
Tips for an Effortless Mortgage Pre-Approval
Before you start shopping for a home, it’s essential to get pre-approved by a mortgage lender to get a concrete idea of the loan amount, interest rates, and available loan programs. A pre-approval is different from a pre-qualification. The pre-approval process involves gathering information (income and asset documents along with a credit report) to confirm… Read more
Locking vs Floating a Mortgage
The age-old question of “Lock or Float?” is typical in the mortgage industry. Mortgage brokers get asked this question frequently by first-time home buyers. The answer to this question will determine the mortgage rate borrowers ultimately receive. Interest rates dictate monthly payments for up to 30 years (without refinancing), so this option should not be… Read more
The Biggest Advantage of Homeownership
Home is where your heart – and your wealth – is. The benefits of homeownership are vast; there are numerous financial aspects, but the wealth creation is the most significant. Forming household wealth begins with homeownership. According to Freddie Mac, “Homeownership has cemented its role as a part of the American Dream, providing families with… Read more
Five Reasons to Sell Your House This Spring
When selling a house, most homeowners are looking for a speedy and profitable deal. If you are waiting for the most lucrative time as a seller, the market is ready for you this spring! Here are five reasons why it’s the perfect time to sell your house. Homebuyers are in high demand: Buyer demand is… Read more
Five Fun Mortgage Facts
The process of obtaining a mortgage can be daunting and time-consuming. However, for the amount of work involved – the reward in getting your mortgage pays off in the end. We’ve compiled a few fun facts about the mortgage process to give yourself a break from the daily grind. Read on! ‘Till Death Do Us… Read more
DACA Recipients now Eligible for FHA Loans
The Federal Housing Administration (FHA) announced a new opportunity for those protected under the Deferred Action for Childhood Arrivals (DACA) program. Since January 19, 2021, those individuals can apply for mortgages backed by the FHA. A previous stipulation barred “non-US citizens without lawful residency” from applying for FHA-insured mortgages; the new opportunity for these DACA… Read more
EB Mortgage Site Goes Live
EB Mortgage has a new website! We launched in February 2021 and we’ll keep you up-to-date with the latest news, tips/tricks, updates, and information on our blog. We are a wholesale mortgage company providing our clients with a new home purchase, refinance, and commercial loan options. With our low rates, we have more products, more… Read more