BORROWED FUNDS FOR CLOSING
We all have those days where we are short funds to close. One of the options we forget to think of is do you have something of value you can borrow from? Today is for conventional loans. You can borrow funds to close that is secured by an asset. Some of the assets you can…
Read MoreCan I Use a Tax Refund for a Down Payment on a New Home?
Tax season is here, and if you’re expecting a refund, you might be wondering if you can use it toward buying a home. The good news? Yes, you can use your tax refund as a down payment on a new home! In fact, it’s a smart way to invest in your future. Here’s how and…
Read MoreWhy Buying a Home Now is Smarter Than Renting or Waiting
Are you debating whether to buy a home or continue renting? Maybe you’re waiting for the “perfect time” to make a move. The truth is, there’s no better time than now to invest in homeownership. Here’s why buying today makes more financial sense than renting or delaying your purchase. 1. Build Equity Instead of Paying…
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Read MoreNathan Young: A Proven Leader in Mortgage Lending
With over 35 years of experience in management, finance, operations, and customer relations, Nathan Young has built a remarkable career in the mortgage industry. As the President and Owner of North Star Mortgage Network, Nathan has dedicated himself to helping homebuyers and homeowners navigate the complexities of mortgage lending with expertise, integrity, and a client-focused…
Read MoreMeet Nathan Young: A Trusted Leader in the Mortgage Industry
When it comes to securing a mortgage, experience matters. At North Star Mortgage Network, we pride ourselves on delivering expert guidance, personalized service, and a seamless home financing experience. And at the heart of our company is Nathan Young, a seasoned mortgage professional with a passion for helping families achieve their homeownership dreams. A Legacy…
Read MoreHow to Get Pre-Approved for a Mortgage with North Star Mortgage Network
Buying a home is one of the biggest financial decisions you’ll make, and the first step in the process is getting pre-approved for a mortgage. A pre-approval not only gives you a clear understanding of your budget but also strengthens your offer when you’re ready to buy. At North Star Mortgage Network, we make the…
Read MoreThe Real Benefits of Buying a Home This Year
Have you been wondering whether you should keep renting or finally make the leap into homeownership? It’s a big decision, and let’s be real — renting can feel like the easier option, especially if buying a home feels out of reach. But here’s the thing: a recent report from Bank of America highlights that 70% of prospective buyers fear the long-term…
Read MoreDown Payment Assistance: Making Homeownership More Accessible
Buying a home is an exciting milestone, but for many buyers, saving for a down payment can be a challenge. Fortunately, down payment assistance (DPA) programs can help bridge the gap, making homeownership more accessible—especially for first-time buyers and those with limited savings. At North Star Mortgage Network, we offer FHA down payment assistance programs…
Read MoreWhat Is a Non-QM Loan? A Guide to Non-Qualified Mortgages
When it comes to getting a mortgage, most homebuyers are familiar with traditional loan options like conventional loans, FHA loans, and VA loans. These loans follow strict guidelines set by government agencies and lenders, ensuring borrowers meet specific income, credit, and debt-to-income (DTI) requirements. But what if you don’t fit into those guidelines? That’s where…
Read MoreBreaking Down Your Mortgage Payment: What’s Included?
For many homeowners, a mortgage payment is one of the biggest monthly expenses. But have you ever looked at your statement and wondered, What exactly am I paying for? A mortgage payment is made up of several components, and understanding each one can help you budget better and make informed financial decisions. Let’s break it…
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