BRIK Home Loans | Blog

Homebuying 101: Saving for a Down Payment For A Mortgage

Posted by Andy Brikho on June 7, 2018

If buying a home is on your radar, you're probably excited to get the process started and are ready to start pounding the pavement in search of a home. But as much as you'd like to start looking at homes and even putting in an offer on a property that you fall in love with, you'll also need to take a good hard look at your finances. After all, buying a home is a huge financial investment and is one that first-time home buyers need to take into careful consideration.

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Topics: Mortgage Types, Mortgage Process, Down Payment, Saving For A Down Payment

The Mortgage Pre-Approval Process: How Credit Scores Affect Your Mortgage

Posted by Andy Brikho on May 31, 2018

Your credit score is an important little number that has a huge impact on your financial life and the mortgage approval process. If you're planning to buy a home any time soon and need to take out a mortgage to finance it, your credit score will come into play. A good score can make it much easier to get final approval for a mortgage with convenient terms, while a poor score can make it almost impossible to secure a pre-approved mortgage loan at all.

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Topics: Mortgage Rates, Mortgage Process, Mortgage Pre-Approval, Credit Score

How Loan-to-Value Affects Your Mortgage Payments

Posted by Andy Brikho on May 24, 2018

There are several factors that impact a mortgage and the payments associated with them, including loan values. Depending on the price you agree to pay for a home and the amount of money you need to borrow to make the purchase, your loan value can vary. 

 

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Topics: Mortgage Rates, Loan-to-value, Mortgage Process

What Type of Mortgage is Right For You?

Posted by Andy Brikho on May 14, 2018
Buying a home is a huge investment that typically requires a mortgage to finance. But with so many different mortgage options available, how do first-time home buyers pick just one? How do you know which mortgage loan options are best for you?
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Topics: Mortgage Types, Mortgage Process

The Pre-Approval Process: Why Should I Get Pre-Approved?

Posted by Andy Brikho on April 13, 2018

Are you thinking of buying a home sometime soon? If so, searching through listings isn't the first thing you should do. In fact, there's something even more pressing that should be done even before you start pounding the pavement in search of a home: starting the mortgage pre-approval process.

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Topics: Mortgage Process