Latest Articles

How to Save for a Down Payment

Saving for a down payment can be a daunting task for first-time homebuyers. However, with some planning and discipline, you can reach your goal of homeownership. In this blog post, we’ll share some tips. Set a savings goal: Determine how much you need to save. Typically, lenders require a down payment of 20% of the […]

The Benefits of a Pre-Approval

If you’re in the market for a new home, getting pre-approved for a mortgage should be one of the first steps you take. Pre-approval is a process that involves a lender reviewing your financial information and providing you with an estimate of how much you can borrow for a mortgage. In this blog post, we’ll […]

Common Mortgage Mistakes

When it comes to buying a home, getting a mortgage is often a necessary part of the process. However, there are many mistakes homebuyers can make when applying for a mortgage that can end up costing them money or even jeopardizing their chances of getting approved. To help you avoid these mistakes, we’ve compiled a […]

Why does good credit matter?

A mortgage is a significant financial decision for anyone, and lenders use a variety of criteria to evaluate the creditworthiness of borrowers. One of the key factors they consider is the borrower’s credit score. A credit score is a number that represents creditworthiness based on credit history. The higher the credit score, the better the […]

The benefits of refinancing your home

Here at Southpoint Financial Services, we often get asked about the benefits of refinancing a home. Refinancing can be an excellent way to save money on your monthly mortgage payments, access cash, or even shorten the length of your mortgage term. In this blog post, we will explore the benefits of refinancing your home and […]