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 […]
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 […]
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 […]
As a mortgage lender, we understand that interest rates play a crucial role in the housing market. When interest rates rise or fall, it can have a significant impact, affecting everything from home prices to the number of homes sold. In this blog post, we will discuss the impact of interest rates on the housing […]
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 […]