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Once you’ve decided you want to become a homeowner you may not know what step to take next. Should you hire a real estate agent? Should you find a lender? Should you start searching real estate listings on your own? Here’s a look at the typical home buying process to know if you are ready…

Purcahse season is here! Here are 6 major mortgage mildstones to accomplish to make sure you are ready when you find your dream home. Get Pre-approved In competitive markets like today with limited inventory, sellers will not even consider buyers that don’t have pre-approval for mortgage financing. It only takes a few minutes to fill out…

Mortgage planning is not just as simple as budgeting for a down payment. You will need to plan for three categories of cash-to-close when buying a home. 1. Down payment. You may be able to put as little as zero dollars down. More likely you can put as little as 1 percent down on a conventional loan…

How Lenders Evaluate You To prequalify you, South Park Mortgage starts with three main factors: 1. We use a debt-to-income (DTI) ratio which tells them what percentage of your income will be going towards all of your bills. They will let you spend as much as 43 percent of your income on housing and non-housing bills. …