On Par GSF Blog

What's Included in your Monthly Mortgage Payment?

When buying a home, it’s important to know what your monthly mortgage payment will be, but also what goes into that payment.  By understanding what goes into that payment, you can better understand what you can afford and what your new home will really cost.

Turn Equity Into Cash

A cash-out refinance allows the homeowner to pull out equity from their property in the form of cash. With a cash-out refinance, the homeowner can lower their interest rate or change the loan term length if current interest rates allow. 

How Does a Single Close Construction Loan Work?

A Construction-to-Permanent Single Closed loan can provide financing for both the construction loan and the permanent loan.  The benefits of a single close option is there is only one closing and no re-qualifying for the permanent loan, saving customers time and money.  Additionally, depending on the permanent loan product selected, the customer may also benefit by not having to make any payments during the...

Top 10 Things to Avoid When Buying a Home

As you start the process for buying your home, it’s important to avoid actions that could change your credit. Your credit score is one of the most important things in securing financing and determining your interest rate.  The following list of items could impact your credit if they change unexpectedly during the mortgage process.

The Journey to Homeownership

Buying a home is an exciting adventure and likely one of the biggest purchases you’ll ever make.  With multiple steps along the way, it may feel overwhelming.  Here are few highlights of the process to help give you a better idea of what to expect.

What's More Important Than Rates?

Let’s be realistic, who can offer you the lowest rates is what you look for in a mortgage lender.  But in such a competitive market, is there more?   How do you decide when rates are similar?

New Construction Loan Too Expensive - Think Again!

With inventory still low in many markets, finding your dream home may be a problem. Maybe it’s time to think about building your dream home. 

Using the Right Tools

Digital tools are changing the mortgage industry from a paper intensive process into a lean and streamlined process. Submitting documents and paying online are some of the ways consumers want digital tools to give them more control over their borrowing experience.

It’s Not Just The Temperatures Cooling Down

As summer winds down, is the market experiencing a cool down too?  Existing home sales slipped 0.7 percent in July according to the National Association of Realtors (NAR) but that doesn’t mean it’s a buyer’s market yet.  

What Are Mortgage Points Anyway?

A home is a lot more than a structure held together by wood and nails. It is a part of the world stage that holds your stories, your memories and your milestones. We can all agree that purchasing a house is one of the biggest financial decisions that you will make in your life. When you’re spending that amount of money, you want to make sure that you’re getting a bang for your buck.