Primary considerations for setting your housing budget require an assessment of your income, debt and current savings for the down payment on the home. The following are generally recommended guidelines; however, you should meet with an Arthur State Bank lender to get personalized mortgage information.
In anticipation of buying a house, you will need to check your credit with all three of the credit reporting agencies: Equifax, Experian, and TransUnion. While most of the information should be the same, there are often discrepancies between the reports.
The nation is seeing historically low mortgage rates. In a booming housing market surrounded by growth, this presents buyers a great opportunity to invest in high-value properties at a low interest rate.
The back-to-school season is an exciting time for teachers. If you’re a teacher, you probably spent the summer working on lesson plans, collaborating with colleagues and maybe even spared a moment or two to relax. We know you work hard and we appreciate all the work that you do. As a teacher, you may qualify…Read More→
Owning a home gives you a sense of pride. You’ve worked hard, you’ve saved up, and now you own a home that you can make your own. You can paint the walls, renovate the bathroom or build that backyard patio you’ve always dreamed of. Finding the right mortgage to pay for your home can be…Read More→
The average medical student graduates with $200,000 in student loan debt. That means potential student loan payments of $2,000 per month or more. And high student loan rates are just one reason medical professionals, especially those just starting their careers, face challenges in obtaining traditional mortgages.
Buying a home can seem like a complex process. In addition to the challenges of finding your perfect home, finding the right financing can also be a challenge. There are two types of financial professionals you may run into as your shopping for a mortgage. You may encounter mortgage brokers and mortgage loan officers. Although…Read More→
Your mortgage is one of the most significant and most important financial transactions you will ever make. For many of us, owning a home is an essential part of the American dream. Since mortgages are for a large amount of money, lenders take several measures to ensure their loans are protected. In addition to screening…Read More→
A mortgage is the most significant financial transaction most people will ever make. Withlow mortgage rates, it’s a great time to buy a home. Whether this is your first mortgage or your fifth, it’s important to take a close look at the different types of mortgage loans, including home equity loans and lines of credit….Read More→
Buying your first home can be an intimidating process. You may not be sure where to start, and the information out there can be overwhelming. You may not give much thought to your local bank when it comes to mortgages. You’d be surprised, though, at what your local bank has to offer. For example, here…Read More→