Category
Home Buying
Navigating the Journey to Your Dream Home with the 3 Cs of Lending
Embarking on the journey to homeownership can seem like navigating a maze without a map. However, understanding the fundamentals can turn this daunting journey into a straightforward path. Enter the wisdom of Mark Charles NMLS # 70265, a seasoned Loan Officer with...
Understanding Cash-Out Refi Loans and When They Make Sense
If you’re a homeowner looking to gain access to the equity you’ve built in your home, you’ve most likely heard about cash-out refinancing,* also commonly known as cash-out refi loans. These offer a useful way to access cash by refinancing your current mortgage. But...
FHA Loans vs. Conventional Mortgage: Which One Is Right for You?
When it comes to financing your new home, choosing the right mortgage is so important – FHA loans, Conventional mortgages, down payment assistance – there are several options to choose from. Each loan program has its own set of guidelines, benefits, and...
Five Steps to Get a Mortgage
Purchasing a home can be exciting as well as frightening. Below are the steps it takes to find and get a mortgage. Step by step, it is as easy as one, two, three, four, five! STEP 1The Prequalification Process This is an excellent time to begin the pre-qualification...
FAQ: Buying and Selling Your Home With A Mortgage
Whether you’re buying for the first time, or making a move into a new place, Supreme Lending Dallas is your partner for any home financing need. Read our article to get answers to your questions about buying or selling your home.
First-Time Home Buyer Down Payment Guide
Owning your own home is a big part of the “American Dream.” If you’re a first-time home buyer, the process of securing a mortgage can feel overwhelming. For a first-time home buyer, down payment assistance may be necessary, as saving up enough money for a substantial...
Is a Home Equity Loan the Same as a Second Mortgage?
Being able to buy your own home is a big part of the American dream. Owning a home gives you the ability to accumulate equity, which can then be used to take out a second mortgage or home equity loan. But is there a real difference between a second mortgage and a home equity loan? The short answer is yes, there can be.
Cash-Out Refinance vs. Home Equity Loan
If you’re looking to reach financial goals or renovate your home, you may be considering a cash-out refinance or home equity loan. Both of these options allow you to use the equity you have accumulated in your home as collateral and borrow against it. But what is the...