3 Times When You Shouldn’t Put 20% Down

August 16, 2019

By: Dan Brown When it comes to homebuying, we’ve all heard this rule before: You should have 20 percent saved for the down payment. But is that absolutely necessary? Putting 20 percent down certainly has its benefits, and in some cases, it can be the optimal choice. In fact, you wouldn’t have to pay private mortgage insurance … Read More

Looking to Renovate Your Home? There are Loans to Help You Get Started

May 6, 2019

Today’s housing inventory is limited, and buyers may feel that their only options are fixer-uppers in need of renovations. For this reason, present homeowners might prefer staying put and upgrading their current homes instead. Whether you want to remodel your newly purchased home or add an addition to your current house, renovation loans can give you the funding you need … Read More

A Year in Review and Predictions for 2019

March 12, 2019

By: Dan Kelly 2018 was one of the more interesting years for the mortgage industry. For quite some time, we were blessed with a market-friendly combination of a low mortgage rate environment and a steady supply of move-in ready homes. Seemingly overnight, this combination evaporated in 2018. Rates climbed north of 5.0% and for the first … Read More

Top Things to Prepare When Buying a Home in 2019

January 11, 2019

Looking to move in 2019? Before you get too far into the process, consider your finances. Do you have enough savings to purchase a home or will you need to tap into a retirement account? Can you afford a monthly mortgage payment on top of your other bills? If you’re not sure, that’s okay. Start … Read More

Where to Begin When Buying and Selling at the Same Time

November 1, 2018

By: Steve Gouveia and Mike Thompson When buying a new home, timing is always key. And, if you are attempting to sell your current home as you’re searching for a new one, timing can become even more important. To determine if you should buy before you sell or sell before you buy, you need to take a … Read More

When is the Right Time to Refinance?

October 11, 2018

By Dan Brown I’m often approached by clients who are curious about refinancing: what it is, when it’s the right time to go about it, and why they should consider it. A refinance is the process of swapping out your existing mortgage loan with a new one that’s based on a current snapshot of your financial situation. … Read More

What is Private Mortgage Insurance (PMI) and How Can it Help You?

September 5, 2018

By Jim Gallagher If you’re thinking about buying a home, you’ve probably been considering how much money you can allocate towards your down payment.  That’s a good start to your planning, but it’s important to understand that in addition to your down payment, there are other lesser-known expenses you will be responsible for like Title … Read More

How Your Mortgage Processor Works for You

August 9, 2018

By: Christina Siegel Many homebuyers spend a lot of time wondering how Lenders determine a potential buyer’s purchasing power and just how their qualifications affect the mortgage pre-approval process.  While those details are very important to a successful experience, it is equally important to understand what comes after pre-approval.  Below is a little insight from … Read More

Loan Officers & Realtors Work Together for You

May 23, 2018

By: Mike Thompson and Steve Gouveia Many homebuyers, especially first-time buyers, get confused about the relationship between Realtors and Loan Officers. Too often, these two entities are seen as completely separate. However, the partnership between your Lender and Real Estate Agent is vital and can be a primary factor helping you find a dream home … Read More

Understanding the No-Stress 5-Step Mortgage Process

April 13, 2018

By: Dan Brown Quite a few of our clients come into the mortgage process relatively blind.  Not knowing what’s to come can make such an important decision more stressful than it needs to be. At the Kelly Mortgage Team, we always take the time to educate our clients throughout the entire home-buying process so that … Read More