Why would someone use a mortgage broker versus a bank? Explore some common myths on this topic to help you make the best decision. Myth: Mortgage Brokers are "Middlemen." Reality: Mortgage Brokers lend off other people's money, while banks lend off their own money. There are no true "middlemen" in either scenario. Implications: Because banks lend off their own money, they are limited to offer their own products and rates. Because mortgage brokers lend off other people's money

Educate yourself on the various types of loans available during the home buying process. Are you new to the world of home buying? Learn some foundational loan information to help you feel at ease during this process. Ready to begin house hunting? Financing options play a big part in this process. Educate yourself on the types of loans available. Your licensed mortgage broker will know the details of any and all loans and financing guidelines. However, giving yourself some bas

Buying your first home can be a nerve-wracking experience. Hearing others' stories can help you better navigate your own journey. Read as Clare Okyere from O Capital Group interviews Marlee on her first-time homebuyer experience. Clare: Tell us a little about your home-buying experience. Marlee: Really it was seamless. Kofi (buyer's loan officer) was so patient with us. I asked a ton of questions. Alex (Marlee's husband) would get frustrated at times because he understood the

Is your low credit score holding you back from getting financed for a home? Follow these tips to bring that score up and make your dreams reality. Credit plays a key role in home financing. There are steps you can take if your low credit is keeping you from the loan approval or interest rate you desire. The sooner you start, the sooner your dreams will become reality. Your credit score helps lenders determine how likely you are to repay a loan, and it influences how much risk