4 Parts of a Mortgage Payment

4 Parts of a Mortgage Payment

When you set out on your journey to homeownership, one of the most significant financial commitments you’ll make is your monthly mortgage payment. Often, this payment consists of four essential components: Principal, Interest, Taxes, and Insurance, collectively...
Understanding Loan-to-Value Ratio (LTV)

Understanding Loan-to-Value Ratio (LTV)

When it comes to the homeownership journey, there are numerous terms and ratios to navigate, and one of the most critical among them is the Loan-to-Value Ratio (LTV). In this article, we will discuss the significance of LTV in the mortgage world, how it is calculated,...
Cash-Out Refinance* with Supreme Lending

Cash-Out Refinance* with Supreme Lending

Are you a homeowner considering tapping into the potential equity of your property for financial flexibility or home improvement projects? If so, a cash-out refinance may be the perfect solution. Let’s discuss what a cash-out refinance entails and how it may...
Demystifying PMI with Supreme Lending

Demystifying PMI with Supreme Lending

When it comes to making the dream of homeownership a reality, Private Mortgage Insurance (PMI) is a key player, especially for those who may not have a hefty down payment in their arsenal. Join us as we unravel the intricacies behind PMI, exploring what it is, why it...