Latest Articles

The Reason Lenders Need to Pull Credit

The steps toward purchasing a home are an exciting endeavor, but sometimes it can get overwhelming. Typical home purchases are financed with assistance from lending entities. These lenders offer varying interest rates and timelines for loan repayment, and they determine these criteria based on a variety of factors including an individual’s credit score, income, and […]

Take Advantage of Rising Interest Rates

One of the most significant changes our sales team at SouthPoint Financial has been tracking over the last 6 months is rising interest rates. Recently, we have covered some of the reasons that swing is happening, including a downturn in financial markets and a cooling off from the red-hot housing market we saw during the […]

Avoid Home-Buying Delays

In today’s hot seller market, it may be challenging to find and buy a home as quickly as you would like. As of February 2022, the average mortgage loan took 60 days to complete from start to finish. (The good news is Southpoint Financial isn’t average. We just closed a VA loan in 11 days. […]

What is a Mortgage Contingency?

When you find the right home to buy, you make an offer, put down a deposit once your offer is accepted, and sign a sales contract. Then you move on to inspections and financing. Pretty straightforward. But what if something goes wrong during the closing process? What if you are not able to qualify for […]

Joint-family Home Loans

U.S. home prices have jumped 20 percent in the past year, making it increasingly harder for many Americans to buy a home on their own. To be able to break into the housing market, more and more buyers are going in together with siblings or parents on the cost of a property. And many people […]