Is a Conventional Loan the Best Option for You?

Published December 29, 2020 720 Views

How Does it Work? A Conventional Loan is a mortgage that is not insured or secured by any government program or entity. The borrower will pay all insurance costs. These loans are available through private lenders only, such as mortgage companies, banks, and credit unions. Conventional Loans are o...

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An Overview of Different Loan Types and New 2021 Loan Limits

Published December 4, 2020 597 Views

Conventional Loan A Conventional Loan is a mortgage loan that is not insured or secured by any government program or entity. The borrower will pay all insurance costs. These loans are available through private lenders only, such as mortgage companies, banks, and credit unions. Conventional Lo...

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Do You Really Need an Agent?

Published November 19, 2020 670 Views

Do You Really Need an Agent?

We understand that the home buying process isn’t exactly common knowledge and not everyone has experience buying a house. The information is available, but it isn’t exactly the most accessible…or easily understandable for that matter. In all seriousness though; do you REALLY n...

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Credit Score Factors

Published October 6, 2020 670 Views

We’ve all heard of credit score, right? That score that directly affects every large purchase you intend to make throughout your life. That’s a big impact. But don’t worry, we are here to help. Here’s a complete guide to understanding your credit score and how you can imp...

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What Not to Do When Buying a Home

Published September 8, 2020 566 Views

Do you know the dos and don’ts of buying a house? It’s okay if you don’t. The housing market has absolutely changed through the generations and honestly, the thought alone can be overwhelming. When you’re buying a house, there’s a few rules that you might not think of u...

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Is Forbearance Stopping Your Buyer From Qualifying? We Have A Solution.

Published July 7, 2020 1086 Views

If your borrower chose to put their current mortgage in forbearance due to COVID19, the 3-month grace period that they were given is starting to end and that forbearance could prevent them from obtaining a new mortgage unless certain steps are taken.  The quickest thing your borrower can do...

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How to Stop Telemarketers

Published June 22, 2020 1267 Views

The first step of any loan process is getting a credit check. Unfortunately, the credit companies take any lender pulling your credit report as “implied consent” to sell your information to other lenders. The buyer of your information already knows that you are in the market for what...

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Forbearance update (FNMA/FHLMC):

Published May 22, 2020 2227 Views

From the Desk of Mike Donoghue Fannie Mae and Freddie Mac have issued temporary guidance regarding the eligibility of borrowers who are in forbearance, or have recently ended their forbearance, looking to purchase a new home or refinance their existing home. If the borrower entered into a forb...

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Premium Mortgage Corp – May’s Blog

Published May 11, 2020 962 Views

Helpful Tips On: Flood Insurance Is your listing a flood zone? Not sure? You can easily find out online, that way you are able to take the appropriate steps to minimize risk! -       Enter the property’s address and you’ll see if it is in the fl...

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Forbearance & Mortgage Payment Advice

Published April 17, 2020 1045 Views

From the Desk of Mike Donoghue The recent guidance from government officials regarding forbearance and mortgage payments sounds great but the reality is somewhat different. First I will provide you with two examples that recently occurred. A homeowner hears they do not have to make their mo...

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