During the mortgage application process, you’re likely to be asked whether you want to pay mortgage points. Typically, few people know what points are or how they work. And, unfortunately, many people inherently believe that points are bad. (Hint: They’re not.) Read More.
Category: benchmark
Avoid These Mistakes When Applying for a Mortgage
Applying for a mortgage requires that you do certain things, such as check your credit, get your financial papers in order, and save as much money as possible for your down payment. But there are also several things you should NEVER do when applying for a mortgage – things that could potentially cause you to …
5 Reasons to Refinance Your Mortgage
If you’ve had a mortgage for any length of time, you may have thought about refinancing it. After all, the TV and internet commercials touting the benefits of doing a mortgage refinance are plentiful. They claim you can do everything from save money and pay off your mortgage faster to use the equity in your …
Understanding the Closing Costs for Home Buyers
Buying a home has many costs associated with it—not just the down payment, but also the closing costs. In fact, many buyers, especially first-time home buyers, are often surprised at how quickly the closing costs can add up. The average closing costs percentage is about 2% to 5% of the purchase price, but 3% to …
Your Mortgage Application Checklist
Before you apply for a mortgage, you’ll need to gather many different documents to complete your mortgage application. The better prepared you are before you meet with your lender, the less stressful the mortgage application process will be. Here is a handy checklist of the most common documents you’ll need to have ready. Read More.
Mortgage Banker Versus Mortgage Broker
When it’s time to secure a home loan, many people seek out a mortgage broker. But is this your best option? Would a mortgage banker be a better option? If you’re not sure of the difference between a mortgage broker and a mortgage banker, you’re not alone. Most people use the terms “mortgage broker” and …
Fast Track your Mortgage Approval
Many people think getting a mortgage approval is a difficult and stressful process. Since a mortgage is often the biggest financial obligation someone has, it’s no wonder qualifying for one requires some work. Between the mounds of paperwork and the waiting time involved as approvals are processed, it’s normal to feel anxious and stressed. However, …
Top 10 Mortgage Questions Answered
Since most people apply for a mortgage only a few times in their life, it’s natural that they have many questions about how the process works. After all, when you don’t do something every day (or even every year), it’s difficult to know exactly all the steps involved and all the nuances of the mortgage …
Why an Online Mortgage May Not Be Your Best Option
We live in an era where people want everything online, from online shopping and food delivery to an online mortgage and doctor visit. But is online really better, especially for your mortgage needs? Read More.
Setting the Benchmark
We set the Benchmark by our dedication to our five core values. These values extend beyond mere talking points; they are our way of life. Relationships In the mortgage business, it’s easy to get caught up in the excitement of each individual loan. With Benchmark, it is never only about the transaction. We keep the focus on …
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