BRIK Home Loans | Blog

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

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 Process, Mortgage Rates, Loan-to-value

VIDEO - How Can I Help - Today is The Day to Talk

Posted by Andy Brikho on May 7, 2018

Mortgage rates are still at historically low levels. If you're on the fence about refinancing or buying a new home, now would be the time to act. We definitely recommend starting the pre-approval process today!

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Topics: Insider, Mortgage Types, Mortgage Rates, Refinance