applying for a mortgage

September 27, 2022
front door

A lower interest rate may be possible with a temporary buydown

If you’re ready to buy the home of your dreams, but rising rates have kept you on the fence, there may be an option – a temporary rate buydown. What’s a temporary rate buydown? With a cost paid by the seller or builder, your loan’s interest rate is ‘bought down’, meaning reduced, for an initial temporary period. There are no surprises; the rate buydown is adjusted each year by a […]
April 27, 2015
Rebecca Ross expert headshot

Is now a good time to re-visit applying for a mortgage?

Rebecca Ross, President of Elite Lending, has brought us some new information on home mortgages. Question:  If I couldn’t qualify in the past, is now a good time to revisit it? Answer:  Yes, and this is why:  – Income increase in 2014: I’m seeing a growing trend of more and more clients who have made significantly more money in 2014 than they did in previous years as our economy continues to recover.  […]