If buying a home is on the horizon, it’s never too soon to start building credit for a mortgage. The better your credit score – and your overall financial health – the better interest rates and terms you can secure. Long term, that could translate into thousands of dollars of savings. Building credit takes time,… [Read More]
If you’re interested in buying a home, one of the first ways you’ll need to prepare is to start saving for a down payment. Down payment requirements vary greatly among different types of mortgages, but as a general rule, the higher the down payment you can supply, the better. The team at Professional Mortgage Solutions… [Read More]
At Professional Mortgage Solutions, we believe that educating our clients is key for our mutual long-term success. There is a lot of misinformation about home loans that can create confusion for would-be homeowners, especially those who are purchasing their first homes. In this week’s blog, we would like to dispel some common mortgage myths in… [Read More]
Welcome to the home financing blog from Professional Mortgage Solutions, Inc. This week, we’ll be discussing a commonly misunderstood type of financing: reverse mortgage. Reverse mortgages allow qualifying seniors to trade in home equity for cash, all while continuing to live in their homes, rent free. Read on to learn more about the basics of… [Read More]
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