When the time comes to research and obtain a home mortgage, information will come from all directions. You will begin to hear words like "pre-approval", "due diligence", "conventional", "origination fee", "debt ratio" to name a few. With so much of this coming at you so fast, it can lead to anxiety about what is ahead. Here, our goal is to explain a lot of that which is involved in obtaining your home loan. "Purchasing a home and conquering financial responsibility is a [...]
As you go through the mortgage process, you will encounter many terms that you may be unfamiliar with. We have put together a list of many of them for you to use as a resource along the way. 2/1 Buy Down Mortgage The 2/1 Buy Down Mortgage allows the borrower to qualify at below market rates so they can borrow more. The initial starting interest rate increases by 1% at the end of the first year and adjusts again by another 1% at the end of the second year. It then remains at a fixed[...]
Northstar Mortgage
2955 Horizon Park Drive, Ste. A
Suwanee, GA 30024
770-995-8078
Northstar Mortgage NMLS# 158531 / Georgia Residential Mortgage Licensee # 14112