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In part one of this two-part blog series, we went over some of the basics on the mortgage rate lock, a vital tool many borrowers take advantage of. Allowing you to lock in your rate at a current point when it’s favorable, a mortgage rate lock helps buyers who need some security within their borrowing […]

All homebuyers want to get the lowest possible interest rates on their mortgage, but rates fluctuate incredibly often – even by the hour sometimes. For this reason, many borrowers consider what’s known as a mortgage rate lock for a rate they’re comfortable with as they approach closing. At Primary Residential Mortgage, we’re happy to offer […]

In part one of this two-part blog series, we went over some basics on a mortgage closing disclosure. This document, which is sent in the days ahead of your closing day and lays out the basic terms of the loan, is sent for a few important reasons, and knowing what it’s for and what to […]

There are several documents or items that might be important during your mortgage application, home search and eventual home purchase, and one of these is known as the closing disclosure. Sent to mortgage borrowers by their lender near the closing date on a mortgage, the closing disclosure is a way of allowing borrowers to verify […]

In part one of this two-part blog series, we went over some basics on how loan officers and realtors, or real estate brokers, work both separately and together for clients during a mortgage and homebuying process. Each of these important positions within a home loan setting has its own set of goals and primary responsibilities, […]

There are several important parties who may play a role in your mortgage and homebuying situation, and two of the most well-known are loan officers and realtors. In fact, these two individuals or entities will often work together or complement each other in important ways, helping clients achieve their final goal of homeownership. At Primary […]

In part one of this two-part blog series, we went over some of the basics on obtaining a mortgage if you don’t receive a traditional form of income. There are many people who fall into this category, whether it’s variable income, complex income or some other type based on the gig economy and numerous independent […]

In today’s modern economy, more and more people are obtaining income through non-traditional sources. From gig workers to independent contractors and more, the pool of people who don’t work a traditional 9-5 job continues to grow every year. At Primary Residential Mortgage, we’re here to offer numerous mortgage loan programs with fantastic mortgage rates for […]

The mortgage process can be somewhat complex and detailed in general, and this is especially so for Spanish-speaking borrowers who may struggle with the language barrier. Both due to language and potential cultural differences, some of the details of the process may become tougher or more time-consuming to deal with. At Primary Residential Mortgage, we’re […]

In part one of this two-part blog series, we went over some of the basic tips on retaining your home’s value once you’ve purchased it. Homeownership is a long-term investment, and many buyers engineer their mortgage and other financial factors to account for this – and performing basic upkeep steps to retain value plays a […]