Tupelo Home Mortgage Lender: Now is the Perfect Time to Refinance

Help with refinancing is provided by an established Tupelo home mortgage lender like Churchill Mortgage. Such lenders offer refinancing to applicants who may have been rejected by a bank or a federally subsidized program. If in doubt, consult a trusted home lender in Tupelo to help you settle on the proper rates and terms suited to your current financial situation. To get started, simply visit the website of a reputable home lender in Tupelo like Churchill Mortgage, fill up an online application form, and make an appointment.

http://tupelo.churchillmortgage.com/industry-news/tupelo-home-mortgage-lender-now-is-the-perfect-time-to-refinance/

Mortgage for Tupelo Homes: The Hows and Whys of Home Appraisal

A home appraisal is an important part of the mortgage process. This is the point where a professional appraiser performs inspections and conducts research about the home that's being bought or sold as a means to offer an unbiased opinion on the home's value. For buyers, this is a necessary step before securing Tupelo mortgage loans from reputable lenders like Churchill Mortgage Corporation. What Appraisal Means to the Buyer As a buyer, one of the first steps you would even consider is borrowing money from a reputable lender to pay for your purchase. The lender, in turn, will determine whether or not you are over-(or under-) borrowing, thus, the need for the appraisal. Should you default in payments, the lender will have to sell your home in an auction to recoup your remaining balance.

http://tupelo.churchillmortgage.com/info-article/mortgage-for-tupelo-homes-the-hows-and-whys-of-home-appraisal/

How to Refinance with a Tupelo Mortgage Lender if You’re Self-Employed

If you’re self-employed and worried that you might have a harder time talking to your Tupelo mortgage lender about refinancing, there are a few important things that can boost your chance of getting approved. For starters, make sure that you have all the necessary documents. Since you don’t have pay stubs, lenders will often ask for two years’ worth of tax returns, profit and loss statements, and account information as proof of capacity to pay the restructured mortgage. Pay even closer attention to your credit score as higher numbers are required for self-employed individuals than salaried workers. Keeping your debt-to-income ratio stable will be taken positively by lenders, and will improve your credit score, as well. Furthermore, the average mortgage lender in Tupelo tend to be vigilant about the self-employed knowing how their incomes tend to fluctuate.

http://tupelo.churchillmortgage.com/info-article/how-to-refinance-with-a-tupelo-mortgage-lender-if-youre-self-employed/

Hold Your Horses: Tupelo, MS Home Mortgage Tips for First-Time Buyers

Given the magnitude of this investment, a home mortgage for Tupelo home buyers is something not to be trifled with, and for which a potential home buyer should prepare six months in advance. While it might seem like a long time, the space you give yourself, meanwhile, allows you to seek out trusted lenders like Churchill Mortgage who can explain the whole mortgage process to you. The intervening months also allow you to organize important documents, such as pay stubs, W-2 forms, and tax returns that mortgage lenders will require. If you must beef up your down payment, the year-long wait should considerably bolster your savings pool. The recommended down payment is around 20-25% to qualify for the best rates available.

http://tupelo.churchillmortgage.com/info-article/hold-your-horses-tupelo-ms-home-mortgage-tips-for-first-time-buyers/