PMR Mortgage Blog
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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4 things to consider when looking for the right loan program
Borrowing large sums of money is not something a person does every day. Most of the time, when a person makes a major decision to borrow it plays a part in a key milestone in their life. Sometimes it’s deciding to pursue a degree, other times, it’s to buy a car....
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Why you shouldn’t make big finance changes when purchasing a new home
Mortgage applicants need to avoid any major changes in their financial circumstances at all costs. Getting a new credit card or auto loan can severely affect underwriting and delay or ruin a borrower’s closing transaction. Even spending available credit on your credit...
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Why a renovation loan might be right for you
Are you looking for the perfect home, but can’t find anything big enough or anything that perfectly fits your requirements? Or, are you looking to sell your home and increase its value by doing some updates or adding square footage? If you are, then a renovation loan...
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