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Home Loans Unveiled: Conventional vs. FHA – What is the difference?
Hey there! I’m Chris Brancato NMLS # 283469, a senior loan officer with 20 years of mortgage experience at Supreme Lending Dallas. Today, I’m here to break down the differences between Conventional loans and FHA loans. Whether you're a first-time homebuyer or looking to refinance, understanding...
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 Supreme Lending Dallas, who...
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 there’s more to the process than...
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 considerations. Comparing loan types can...
Why Refi? 5 Common Reasons to Refinance a Mortgage
The decision to refinance* your mortgage is a strategic move that can have a profound impact on your financial well-being. There are several types of situations when refinancing might provide specific benefits and unlock potential savings. It’s important that homeowners have a clear idea of the...
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 process. Pre-qualifying can...
FAQ: Buying and Selling Your Home
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. Whether you’re moving up or downsizing, selling your current home to...
A 4-Step Guide to the VA Loan Process
One way the VA fulfills its mission to serve those who have served is by providing a home loan 'guaranty' for service members, Veterans, and other persons who meet the VA requirements for a loan. Advantages of VA-guaranteed home loans include zero down payment and no mortgage insurance. Plus, the...
The Do’s and Don’ts of Closing
Stop what you are doing! Find out what you should or shouldn’t be doing before the closing and funding of your loan. It could make all the difference in the closing of your loan.
Mortgage Dictionary
Key Terms You Should Know! Our mortgage dictionary is a good place to define what can be a confusing process.
What is the Difference Between FHA and Conventional Home Loans?
Unsure about the difference between FHA and Conventional home loans? Want to know which lending program is right for you? We look at Conventional loans vs. FHA loans to review pros and cons of each.
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.
Veterans Affairs (VA) Loan Requirements & Certificate of Eligibility (COE) Information
If you meet the Veterans Affairs (VA) loan requirements, the agency provides a home loan “guaranty” for servicemembers, military Veterans, and eligible surviving spouses to help purchase a 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 down payment is often easier...
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 difference between a cash-out...
What Is a Jumbo Loan?
If you are looking to finance a home or property that exceeds Conventional loan limits, you should consider a Jumbo loan. But what is a “Jumbo loan” exactly?