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…

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…

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…

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…

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…

Buying your first home is an exciting milestone, but it can also feel overwhelming. With countless decisions to make, from budgeting to choosing the right neighborhood, it’s easy to get lost in the process. That’s why your first call should be to North Star Mortgage Network. Here’s how we can make your homebuying journey smoother,…

When purchasing a home, certain repairs or improvements might be needed before closing. But what happens when those repairs can’t be completed in time? This is where escrow holdbacks come into play. What Is an Escrow Holdback? An escrow holdback is a portion of funds set aside at closing to cover necessary repairs or improvements…

The American dream of homeownership isn’t limited to U.S. citizens. Non-citizens, including permanent residents and certain visa holders, can qualify for a mortgage and buy a home in the United States. However, the process comes with specific requirements that vary based on residency status, credit history, and lender guidelines. In this blog, we’ll break down…

homeowners and buyers seeking expert mortgage solutions. Our longevity in the industry is not just a testament to our experience but a reflection of the trust, dedication, and personalized service we provide to every client. Why Choose North Star Mortgage Network? Experience You Can TrustWith a quarter-century of mortgage expertise, we have navigated market shifts,…