Blog Archive

Mortgage Pre-Qualification: How Much Home Can You Really Afford?

Posted by Eric Skates on

Many first-time homebuyers are eager to qualify for the highest home value they can get. That’s understandable when you think about checking off all the comforts on your homeowner wishlist. But if you think you can comfortably afford the home you qualify for, you might need to look a little closer at your individual finances, and think again....Read More

Get to know Fannie Mae, Freddie Mac and Ginnie Mae

Posted by Eric Skates on

If you’ve been thinking of buying a home, you may have heard the names Fannie, Freddie, and Ginnie thrown around in relation to home mortgages. We’re going to share with you the story behind these names, how they are different from each other, and why prospective homeowners should know about them....Read More

Not Just for Farmers; What You Should Know About USDA Loans

Posted by Eric Skates on

USDA Home loans are a government backed loan program like FHA and VA loans. Originally, the program was designed for people who wanted to purchase properties in rural areas, and had limited financial options. The mission of the USDA was, and still is, to promote economic growth in rural areas. Today, as more and more people are embracing the idea of leaving the city for more space, USDA home loans have given many families who otherwise wouldn’t qualify for a mortgage, an opportunity to do just that....Read More

Not Just for Farmers; What You Should Know About USDA Loans

Posted by Eric Skates on

USDA Home loans are a government backed loan program like FHA and VA loans. Originally, the program was designed for people who wanted to purchase properties in rural areas, and had limited financial options. The mission of the USDA was, and still is, to promote economic growth in rural areas. Today, as more and more people are embracing the idea of leaving the city for more space, USDA home loans have given many families who otherwise wouldn’t qualify for a mortgage, an opportunity to do just that....Read More

Understanding Escrow: The Why and How

Posted by Eric Skates on

A lot of first-time homebuyers have heard the term escrow, but don’t really know what it means when it comes to their mortgage. The team here at EPM wants to demystify some of the industry-specific words, phrases, and concepts you’re likely to encounter during the mortgage lending process, and break them down in practical terms so you can be educated and empowered while making critical decisions about your future. We are giving you a breakdown so you will know how it can benefit you whether you are buying, selling, or already own your home....Read More