Carrington Mortgage Services, LLC Learning Center

Is your current home your "dream home"? Could it be time for a bigger (or smaller) dream home? There is a lot of pride that comes with owning a home and having a place to raise a family. Also, homeownership may be an effective way to build long-term wealth, and there are other financial incentives that come with owning a home as well.

You’ve been thinking of buying a home… You’ve been checking out houses for sale in the neighborhood, pinning dream kitchens on your Pinterest, and wondering just how much you’d need to save for a down payment on a mortgage.

You’ve got questions… we’ve got answers!

Mortgage down payments are important for first-time and experienced homebuyers alike. When starting the home buying journey, everyone pauses to ask themselves, “How much do I need for a down payment to afford the home I want?” While the question can sound daunting and the answer may vary, ranging from a low down payment to a bit less than 20% down. it’s important to understand what a down payment means for you before moving forward with buying a home.

One of the biggest changes in becoming a homeowner has to do with your monthly mortgage payment. When you are renting, you can write one check and be done with it, there are a lot of things that go into your monthly expenses when you’ve bought your own property.

Buy and Sell with Vylla: Search and view MLS listings of houses, properties, home values, nearby sales, and get information on open houses. Our team of real estate experts provide guidance on real estate market trends with straightforward, up-to-the-minute information on changing property values, market trends/conditions, and availability.

You wouldn’t think it, but the slightest mortgage document errors could spell disaster to your closing process. That’s why it’s ultra-important to ensure that everything that is printed on your mortgage documentation is completely accurate, right down to the crossing of every T and the hyphenation of your name (if that applies to you).

So many people want to know so many things about you during the home buying process – and it may seem at times like it’s never going to end. And like they couldn’t possibly need to know so many things. And hey, isn’t that last question intrusive!? It can be hard to understand what your mortgage lender needs to know.