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A portfolio loan is fairly similar to the more popular types of loans available except the lender keeps the debt “in house” and earns interest on the loan versus it being serviced by another lender like a big bank such as Wells Fargo or Chase. Most portfolio loans are available from private lenders and are…

When it comes to finding a home you want to purchase, there are a lot of steps involved, especially those that pertain to your finances. Once you have secured funding for the home of your dreams, you might think all that is necessary is to sign some paperwork and the home is yours. But sometimes…

It’s no secret that buying a home is a big decision and the financial commitment is one to be taken pretty seriously. Your credit score is very important when discussing finances with a lender so you want to do whatever you can to make sure it’s at the highest it can possibly be. Your debt-to-income…

NO, Unfortunately You Can’t Get That New “0%” Mortgage Rate You Heard About Lots of words recently and lots to do for all of us, so let’s make this simple. No, you can’t get a that new 0% mortgage rate you heard about!  It doesn’t exist.  That’s the Fed Funds Rate.  It applies to overnight…

Funding for properties whether it be for personal or investment purposes, comes in all shapes and sizes so even to those that are experienced in the real estate industry, there’s still a lot to learn as the market is always changing. The experts at North Star Mortgage Network can help you guide you along the…

A fixed rate loan or mortgage is a loan that has an interest rate that stays the same throughout the life of the loan. That means it’s not going to increase or decrease so you will always know what to expect on the payment side. Whenever you take out a loan whether it be fixed…

A short sale happens when a property or home is sold and the profits will be less than the debts against the property. In order for a short sale to be successful, all lien holders must agree to accept less than what is owed on the property. Short sales can typically take quite a while…

If you’re new to the home buying process, you may not be aware of jumbo loans as they are generally used by those in the investor field. Although they are lesser unknown, it’s still a good idea to get information on the varying types of funding available just in case it happens to work for…

Buying a home comes with lots of ups, downs, and questions but one thing most people have the most concern over is the financing process. They think they won’t be approved or they think they’re going to run out of time in the process of getting approved and lose out on a home they want.…