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When you purchase a home, there are many different costs associated with the process, and sometimes it can be confusing when trying to understand the different payment requirements that go along with home financing. One such cost that you may be responsible for paying is private mortgage insurance, particularly if you are interested in obtaining…

If you are planning to purchase a home, the type of interest rate you choose will be an important factor when you are considering what type of mortgage to get, and will also ultimately determine the amount of money you will spend on your monthly payments. One common interest rate option is a fixed rate…

Deciding on a suitable financing option and what type of interest rate you will pay on your home loan are major factors to consider when purchasing a new home, and selecting an interest rate that works best for your situation can end up saving you a great deal of money in the long run. In…

There are many factors that can affect your mortgage rate and we want to make sure you know what they are no matter what place you’re at in the home buying process. As often as low interest rates are advertised, many who apply find out they don’t qualify. The best way to avoid this situation…

When you begin upon your search for a home, the one thing that most people think about the most is how much they can afford. Besides the mortgage, there are other factors like renovations, appliances and closing costs but these things are considered when you’re buying a home that is listed as “used.” When it…

Thinking about buying a home can be a very exciting time but when it comes to financing the home, that might come with a little less excitement. Purchasing a home is a big deal and whether you are pre-qualified or just getting started on your search for a home, it’s always a good idea to…

As interest rates drop, more and more people are looking into buying homes for their first time and with that comes lots of new terminology and information as well. One of things that many first time homebuyers overlook is the possibility to purchase land versus buying a home outright. Starting with a blank canvas might…

Making the decision to purchase a home can be very exciting, but we know that it can also bring about a lot of questions and concerns. It’s a very big decision especially for a first time home buyer and at North Star Mortgage Network, we want to do whatever we can to help you along…

Most adults know that your credit score matters whether they’ve had one credit card or five, but getting to know how that three digit number is made up is something a little less well known. Your FICO score can determine if you’re able to secure a loan, a home, and can even affect whether or…

If you are having trouble paying your mortgage, you might want to look into mortgage loan modification. Coronavirus has caused many people to face financial troubles and those in forbearance are also good candidates for mortgage loan modification. Even if you aren’t falling behind on your mortgage, learning about mortgage loan modification is still a…