Mortgage Myth: “All Mortgage Lenders Are the Same”

by | Apr 20, 2018 | direct lender, home buying, home loans, loan programs, mortgage lender, Mortgage Myths, Oregon, Portland, Spokane, Vancouver, Washington

  Mortgage Myth: “All mortgage lenders offer the same programs and rates. I should get a loan with my bank because that will likely be most convenient.” At Summit Mortgage Corporation, we’ll be the first to tell you that mortgage lenders are not all the same....

What Being a Mortgage Banker Taught Me About Selling My Home

by | Apr 17, 2018 | Andrew Lamont, Home Buying Process, home loans, homeownership, local lender, mortgage banker, pre-qualification, real estate market, Vancouver, Washington

    Up until the past few weeks, my only personal experience with a real estate transaction was with purchasing my first home four years ago. However, as a local mortgage banker and licensed transaction coordinator, I’ve spent the past 12 years helping...

Changes to USDA Home Loan Eligibility in Oregon & Washington

by | Apr 13, 2018 | Mortgage Industry News, Oregon, Robert Williams, rural home loan, USDA, USDA financing, USDA Guaranteed Rural Development Loan, USDA home loan, Washington

  The U.S. Department of Agriculture (USDA) Rural Development recently announced changes to the rural eligibility designation for some areas throughout Oregon and Washington. Starting June 4, 2018, the following areas will no longer be eligible for USDA...

Top 6 Ways to Improve Your Credit Score

by | Mar 30, 2018 | Annual Credit Report, credit report, credit score, free credit report, home buying, Home Buying Process, Lloyd White Jr., mortgage, Oregon, Portland, Resources, Vancouver, Washington

  A common question we hear from many prospective home buyers is: “Will my credit score be good enough to help me qualify for a home loan?” Your credit score shows lenders that you can make payments on time and that you have a history of doing just...