Latest Articles

How to get the best deal when buying a home

Buying a home is one of the most significant financial decisions you’ll ever make, and it’s essential to get the best possible deal. Negotiating the price of a home can be daunting, especially for first-time buyers. However, with a little bit of preparation and the right mindset, you can negotiate a great deal on your […]

What is a Cash-Out Refinance?

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 […]

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 […]

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. […]

Avoid Monthly Mortgage Insurance

How to Avoid Monthly Mortgage Insurance through your local lender. Most consumers looking to purchase a property are under the impression that if they put less than 20% down for the purchase of their new home, they will be required to pay monthly mortgage insurance. This is a common misconception that is more than likely […]