If you’re thinking of applying for a mortgage, it’s important to have a good credit score. Your credit score not only determines your eligibility for a mortgage, but it can also impact the interest rate you’ll be offered. With that in mind, here are 5 ways to improve your credit score before applying for a […]
Our team of licensed loan officers understands that the process of applying for a mortgage can be confusing, especially for first-time homebuyers. Two terms that often come up in the mortgage application process are pre-approval and pre-qualification. While these terms may seem interchangeable, they actually refer to two different steps in the process! Here we […]
You’ve probably heard the term “cash-out refinance” before. Maybe your neighbor used one to pay for their room addition or buy an RV for your new way of vacationing. Whatever the reason, you can leverage the equity you have built by owning your home, which can help pay for things like home renovation, education, pay off […]
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 […]
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 […]