How often do we make a 30-year commitment? A partner? Our children? A career? For majority of us, 30 years sounds like an eternity. In terms of purchasing a home, a 15-year loan is a bit more comforting over a 30-year: lower interest rates, and of course, cutting the time frame of paying off your mortgage in half. On the flip side, the downfall of a 15-year fixed mortgage is committing to the higher monthly payments. “What if I can’t pay it?” is a common worry in case an event occurs, and the homeowner cannot pay their mortgage. For many home buyers, a 30-year fixed mortgage is the safest bet, even though they trade a lower payment to more interest overtime and double the commitment.

The cannabis industry is booming and PHMC is here to help get you home. A generally cash-only business may make other lenders say, “not today,” but Platinum counters with “we’ll find a way!” Our team of mortgage specialists have the expertise and resources to help navigate on what’s available as a cannabis professional.

Buying a home is a big financial decision. So regardless of whether your tax refund is available yet, you should contact Platinum Home Mortgage to learn about all the loan products that can help bring you closer to your goal of homeownership.

The 10-year U. S. Treasury yield serves as a vital economic benchmark for borrowing rates, such as mortgage rates. It’s closely watched as an indicator of broader investor confidence that is affected when the Treasury yield fluctuates.

The rules have changed when it comes to credit scores playing a major role in applicants getting approved for a mortgage loan.

The location of a school district can significantly impact the price and property values of nearby homes. When real estate is located within the boundaries of a good school district with a high standard of living, the property values tend to be higher than surrounding areas.

Refinancing is when you get a brand-new loan to pay off and replace your existing loan. Therefore, the terms of the old loan are replaced by the new agreement. We’ve compiled some frequently asked questions to help you better understand the ups and downs of refinancing your mortgage loan.

Refinancing is when you get a brand-new loan to pay off and replace your existing loan. This means the terms of the old loan are replaced by the new agreement.

Demand for home renovations on the rise After spending so much time changing the way we live because of the pandemic, homeowners have found new ways to make home life fit with our new realities. As part of that change, we’re doing home renovations to get more comfortable in our current live-work environment.

Cash is king in this hot and competitive real estate market! And in most cases, a buyer will get the property if a cash offer is made. So how can you recover some of the money spent to purchase your home?

The final installment of these frequently asked questions will walk you through the mortgage loan process and help serve as a guide in your decision-making process.

Buying a house is a major commitment. That means it’s important for you to understand the journey that you’ll be taking during the homebuying process—from start to finish.

Selling your home also requires a fair amount of Spring Cleaning. Not just the of recycling old boxes, but also creating that sense of “home” for someone else.

The #1 reason home buyers and sellers choose not to use a real estate agent is…. you guessed it, to save money on real estate commission costs.

What’s a mortgage preapproval, and why is it important? It assesses your income, assets, debts, and credit history then issues an exact loan amount you qualify for.

Buying a home for the first time can be one of the most intimidating processes we undergo in life, but it doesn’t have to be that way! We’re here to spread as much knowledge as we possibly can to help your purchase or refinance go as smoothly as possible.

Here is a list of mortgage terminology you need to know when applying for a mortgage in alphabetical order:

Some say they’re killing the mortgage industry, others say they’re just too far in debt or afraid of commitment.

One of the many factors of what makes certain cities and neighborhoods “hot markets” is the school district, and that very factor also plays a role in purchasing a home for many Americans looking to start a family or already have children. After losing bidding wars on hot homes in desirable neighborhoods, so many throw in the towel and resort to paying rent in hopes ANY home will hit the market soon.

“I was on vacation in Ireland, the concept of a pub in your backyard was a big trend. I really enjoyed them and decided to bring the idea back home with me,”