You Can Use Your Retirement for a Down Payment When Buying a Home

When it comes to purchasing a home, one of the biggest hurdles many buyers face is saving for a down payment. What many don’t realize is that they may have access to a significant financial resource— their retirement savings. If you’re considering buying a home and wondering whether you can tap into your retirement accounts,…

Using a Non-Occupant Co-Borrower to Qualify for a Mortgage

Securing a mortgage can sometimes be challenging, especially if your income or credit profile falls short of lender requirements. Fortunately, a non-occupant co-borrower can help you qualify for a mortgage by adding their income and credit strength to your loan application. At North Star Mortgage Network, we specialize in helping borrowers navigate financing options, including…

For many prospective homeowners, the biggest hurdle to buying a home is the down payment. The Freddie Mac Home Possible® mortgage is designed to help very low- to low-income borrowers achieve the dream of homeownership with flexible financing options and competitive pricing. Key Benefits of the Home Possible Loan Low Down Payment RequirementsWith a down…

When shopping for a mortgage, many homebuyers assume that the first offer they receive is the best one. However, just like with any major financial decision, it’s critical to get a second opinion on your mortgage quote. At North Star Mortgage Network, we specialize in helping borrowers compare their options to ensure they secure the…

Refinancing your home can be an excellent way to lower your monthly mortgage payments, access equity, or adjust your loan terms. But what if you’re not currently listed on the loan but want to refinance the property? You ask who can refinance? This situation can be a bit tricky, but at North Star Mortgage Network,…

What Is a Bridge Loan? Buy Now, Sell Later with Flexible Financing

For homeowners looking to buy a new home before selling their current one, financing the transition can be a challenge. A bridge loan provides a strategic solution, allowing you to leverage the equity in your departing residence to fund the down payment on your next dream home. At North Star Mortgage Network, we offer two…

Can I Purchase the Home I’m Currently Renting?

If you’re renting a home and love where you live, you may be wondering: Can I buy the house I’m currently renting? The good news is yes, you can! Many renters transition into homeownership by purchasing their rental property, and with the right guidance, the process can be easier than you think. At North Star…

In today’s competitive market, homebuyers need every advantage possible. That’s where Full Credit, Income, and Asset Approval comes in. Instead of waiting until you find a home, you can get fully underwritten before you shop—giving you a powerful edge in negotiations and ensuring a faster, smoother closing. At North Star Mortgage Network, WE MAKE IT…

Can You Run Mortgage Numbers Without Pulling Credit?

When you start thinking about buying a home or refinancing, one of the first things you may wonder is: Can You Run Mortgage Numbers Without Pulling Credit? The answer is YES, but it’s important to understand what this means and how it can help you plan. Can You Run Mortgage Numbers Without Pulling Credit? At…

What Documents Are Needed When Purchasing a Home?

Buying a home is an exciting journey, but before you can secure financing, you’ll need to provide certain documents for your mortgage application. Having these documents ready in advance can help speed up the process and make your home-buying experience smoother. Below is a checklist of what you’ll need, including additional items if you already…