Young family couple trying to get loan

6 Steps to Purchasing a New Home – Step 2: Choose Your Loan Type

Recently, we discussed the first step in the home purchase process: getting pre-qualified. Getting pre-qualified allows you to enter the home buying process prepared, with a budget in mind. Once you’ve been pre-qualified, the second step in the home buying process is to choose your mortgage loan type. Fixed-Rate vs. Adjustable-Rate Mortgage loans are split […]

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Silver house key lying on a contract for house sale

6 Steps to Purchasing a New Home – Step 1: Get Pre-qualified

Buying a home is one of the most significant financial decisions you will make in your life. Each step in the process is important to ensure a smooth transaction. Over the next several weeks, we will explore each step of the home buying process in detail. Experienced NFM Lending Mortgage Loan Originators will share advice […]

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Miniature House and Money.

Choosing a Down Payment Option

If you are in the market for a new home, one of the first things you should consider financially is how much of a down payment you can make. Most home buyers know that the most common mortgage loan (a Conventional loan) requires 20% down payment. This means that if you purchase a home worth […]

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House and increasing arrow

The Benefits of Refinancing

If you are a homeowner, you may have considered refinancing your current mortgage. Refinancing can offer many advantages to help you meet your financial goals. If you are just starting to look into refinancing, or have been thinking about it for a while, here are three benefits that you should consider. Lower Interest Rate It […]

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Purchasing in a Sellers Market

How to Purchase a Home in a Sellers’ Market

Finding the right home can be stressful enough, but in a sellers’ market, it gets even tougher to find the right home right away. The market can change quickly, so it’s important to be flexible and change your plan as the market changes. In a sellers’ market, there are fewer homes listed and usually a […]

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Mortgage application

Can Getting a New Job Affect Your Mortgage Application?

When you submit an application for a home loan, one factor a lender will take into consideration is your employment history. A recent job change, a gap in work history, or a change in pay structure can all affect the home loan you qualify for. Lee Killen, a Branch Manager at NFM Lending, answered some […]

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Business meeting in an office

What TRID means for Real Estate Agents

The TILA-RESPA Integrated Disclosure (TRID) Rule will take effect on October 3, 2015. TRID will significantly change the way real estate transactions are processed and settled. To avoid delays and to ensure that each settlement goes as smoothly as possible, it is important for real estate agents to be informed of all of the changes […]

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CFPB Releases New Online Tools for Consumers

The Consumer Financial Protection Bureau (CFPB) has released new online tools on their “Owning a Home” landing page. These tools are aimed at helping consumers better understand the mortgage process, in preparation for the TILA-RESPA Integrated Closing Disclosures (TRID), or the Know Before You Owe Rule, which goes into effect October 3, 2015. The new […]

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TRID Glossary

The new TILA-RESPA Integrated Disclosures (TRID) will take effect on October 3, 2015. As this date approaches, you may have heard a few terms and phrases you haven’t heard before. Whether you’ve been through the home purchase process many times before, or you’re preparing to buy your first home, it’s important to familiarize yourself with […]

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