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Mortgage Myth: Pre-Qualification Means You’re Guaranteed The Loan Amount

  Mortgage Myth: “When you get pre-qualified with a mortgage lender, it means that you’ll be guaranteed the entire loan amount.” Truth: Pre-qualification is an important step in the loan process, it will not guarantee your actual loan amount.   Getting...

Mortgage Myth: Pre-Qualification Means You’re Guaranteed The Loan Amount

  Mortgage Myth: “When you get pre-qualified with a mortgage lender, it means that you’ll be guaranteed the entire loan amount.” Truth: Pre-qualification is an important step in the loan process, it will not guarantee your actual loan amount.   Getting...

Mortgage Myth: “All Mortgage Lenders Are the Same”

  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....

Changes to USDA Home Loan Eligibility in Oregon & 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...