PMR Mortgage Blog
5 questions you should ask your loan officer
Sometimes, there are more questions than answers, but this should never be the case when you’re pursuing home ownership. When you’re preparing to purchase a home of your own, it’s important to have a list of good questions that will help guide you through this...
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What happens during the Loan Processing phase of getting a home loan
Purchasing a home can be a complex process with many steps and turns. One of the most important phases of the home-buying journey occurs behind the scenes. Your loan officer and underwriters work diligently to fund your loan during processing. Here’s what it looks...
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Advantages of getting a reverse mortgage when you retire
Graduation, marriage, job promotion, buying a home – life’s biggest moments are the biggest investments in ourselves, our families and our pocketbook. When it’s time for retirement, everything comes together full circle. We finally get to reflect and look back on all...
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What you need to know about mortgage discount points
When individuals decide to shop for a mortgage, they may not be aware that they can lower their interest rate through various methods, including discount points. Lowering the amount of interest paid on a loan is certainly ideal. Discount points can accomplish that,...
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What you should avoid before applying for a home loan
Buying a home can be like solving a complicated puzzle. While the end goal is totally worth it, a first-time buyer shouldn’t have to meander through a long process. Each answer and each solution is within reach with the right team and preparation in place. And if...
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5 things you shouldn't do during the loan process
Buying a home, especially for a first-timer, can be both an exciting and anxiety-inducing process – but it doesn’t have to be. Mistakes are avoidable. And working with the right team helps prevent them. As you prepare to embark on your path to homeownership, we’ve...
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4 questions to ask yourself about buying a home
Soaring home prices. Tight inventory. Lack of a substantial down payment. These are just some of the topics you may see as potential obstacles to buying a home. No one blames you. Buying a home is a huge decision and requires careful thought, planning, and ideal...
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5 ways veterans can save on a home loan
If you are a Veteran who is considering purchasing a home, there’s some good news. Premier Mortgage Resources (PMR) can provide the guidance you deserve! And with federally back VA Loans, fulfilling your dream of owning a home is not as challenging as you think. The...
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5 down payment assistance programs in Idaho
A mortgage within reach. That concept is indeed possible through one of the many down-payment assistance programs in Idaho. Families or individuals in need of a leg up can look at these programs for guidance and financial assistance. Funds for these programs are...
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Breaking down what goes into an APR
An annual percentage rate (APR) is more than just an interest rate, it also includes other annual costs associated with a loan and shows home buyers the “true” cost of a loan, which prevents lenders from advertising a low rate and hiding fees. If you’re comparing...
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The difference between a fixed-rate mortgage and an adjustable-rate mortgage
Whether or not you need a fixed-rate mortgage or an adjustable-rate mortgage (ARM) greatly depends on your financial and personal circumstances. When choosing a mortgage, you should consider a wide range of factors, such as the monthly amount of mortgage payment can...
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Check your credit report for accuracy once a year
It is important to check your credit report for accuracy at least once a year. Your credit score impacts a lot – from buying a car to buying a home. In an era when identity theft is commonplace, checking your credit report is a must. The Fair Credit Reporting Act...
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