Standard Mortgage Blog

When mortgage interest rates increase, it can make purchasing a new home more expensive. However, if you are in the market for a mortgage, rising interest rates don’t have to be an obstacle. Working with an experienced mortgage loan officer is the first step towards purchasing your next home, and they can help you navigate these different economic variables. Let’s take a closer look at how you..

Buying a home in a seller’s market can be a challenge. Low inventory, enhanced property values, and ambitious buyers give sellers more negotiating power and make it competitive for prospective buyers. Let’s take a closer look at how home buyers can best position themselves for purchasing in a hot real estate market.

The appraisal process is one of the final stages before closing on your purchase or refinance transaction. It is also one of the most important, as it provides the value of the property that your lender will finance. Once you make an offer on the home and have a signed purchase agreement, your mortgage lender will order the appraisal, which is conducted by an independent third party.