The Ultimate Guide to Managing Mortgage and Student Loan Debt
Owning a home is a dream for many, but what happens when you’re juggling both a mortgage and student loan debt? Fear not, because you’re not alone! With the right strategies and knowledge, you can successfully manage both mortgage and student loan payments and achieve the homeownership dream. In this comprehensive guide, we’ll explore mortgage […]
Navigating the Financial Waters: Preparing for Student Loan Repayment Post-CARES Act
As we steer through the latter half of 2023, many homeowners are finding themselves facing an imminent rise in monthly expenses. The pause on federal student loan payments, initiated by the CARES Act in March 2020, has been a crucial financial relief during the turbulent times of the pandemic. However, with the payment pause ending […]
Nathan Jennison Named 2023 New Broker of the Year by NAMB
We are ecstatic to announce that Nathan Jennison, the Founder & Managing Broker of The Mortgage Architects and Co-Founder of the Independent Mortgage Brokers™, has been honored as the New Broker of the Year for 2023 by the prestigious National Association of Mortgage Brokers (NAMB). A Testament to Excellence This award is a highly-regarded honor […]
Should I Use a Mortgage Broker? A Broker-vs.-Bank Guide
Yes—a mortgage broker can be a smart choice if you want to compare multiple lenders, need help with a less-than-simple financial situation, or value a guide who can explain your options clearly. A bank may be a good fit if you already have a strong relationship there and its loan products meet your needs. The […]
FHA Loans Guide
Buying a home can be a daunting experience, especially when it comes to securing a loan. But with FHA home loans, you can breathe a sigh of relief. These loans are backed by the government, which means the lending requirements are more relaxed compared to traditional loans. And with a low down payment of only […]
What Are Discount Points? Mortgage Points Explained
Mortgage discount points are optional fees you pay at closing to receive a lower interest rate. One point costs 1% of the loan amount, but the rate reduction is not fixed—it depends on the lender, loan program and market pricing that day. Paying points can make sense when the monthly savings recover the upfront cost […]