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Private Mortgage Insurance (PMI) is required any time you are financing a loan that is higher than 80% Loan to Value.  Or in other words, if your down payment is less than 20% of the home’s sale price.  In this video, Mark Robertson, a Mortgage Advisor with Samuel Scott Financial Group, explains Private Mortgage Insurance payments, terms […]

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The term REFINANCE can be misleading.  It doesn’t involve re-working an existing mortgage, but rather taking out a brand new loan.  Basically, you will be paying off the old loan with a whole new loan.  Which means the refinance process will be very similar to the one you went through when getting your original mortgage. In […]

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To Buy or Not to Buy: That is the Question… It’s not uncommon to hear people talk about delaying the home-buying process until home prices drop, in order to guarantee that they are purchasing a home at the best possible price.  As a Mortgage Advisor with Samuel Scott Financial Group, Mark Robertson frequently hears people voice their […]

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In this video, Mark Feder, a Mortgage Advisor with Samuel Scott Financial Group, explains the process for getting a home loan, breaking it down into four easy steps.  They are: Loan Application Processing Underwriting Closing / Funding The first step of getting a home loan funded is the Loan Application process.  During this phase, your Mortgage Advisor […]

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Ever wonder why it is that some home loan transactions don’t close on time, leaving both the client and real estate agent hanging?   More often than not, it is for a completely preventable reason. Mark Robertson, Mortgage Advisor with Samuel Scott Financial Group, has been in the  lending business for more than a decade.  Throughout this […]

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Whether you are a first-time home buyer or are looking to buy your next home, you are more than likely going to hear a lot of talk about interest rates and how they can affect your mortgage payment.  In order to bring some clarification to the subject, Russ Schreier, Vice President of Sales at Samuel Scott […]

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When purchasing a home it’s important not only to find a house that meets your needs, but to also to stay comfortably within your budget.  Nobody wants to fall in love with a house and then find out that they are not able to get a loan that will cover the cost of the home. […]

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Identifying which type of home loan will work best for you or your client can sometimes be difficult because there are a wide variety of different options and loans to choose from. Very often borrowers have unique financial situations.  Rather than jumping into a cookie-cutter loan, it’s important to explore the products on the market […]

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Mortgage Advisors Help Make the Home Buying Process Stress Free!!! When purchasing a home, it is important to not only buy the right house, but to buy the right house with the right loan.  Because there are so many different types of residential loans available, it is always wise to use a mortgage advisor to […]

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In today’s housing market, rules, regulations and even types of home loans offered are constantly changing.  In order to help understand the different types of loans offered today, Brian Reynolds, of Samuel Scott Financial Group, shares his knowledge and expertise on stated income loans and how they are no longer just something from our past, […]

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FHA Home Loans Explained: The Benefits and Basics of Getting Qualified Christian Alvarez, a Mortgage Advisor at Samuel Scott Financial Group, shares his knowledge and expertise about FHA loans and gives us an overview of everything we need to know about them. FHA Loans are great loans for first-time homebuyers, as they tend to have […]

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Is a VA Loan right for you? Alex Scoma, a Mortgage Advisor at Samuel Scott Financial Group, explains VA financing and what you need to do to qualify for a VA loan.  Please continue reading below… The VA loan is designed for active or retired military, Coast Guard and National Guard personnel.  A surviving spouse can […]

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