Article Archives For - General Loan Information

General Loan Information
How Much Does it Cost to Buy a Home

Before buying a home, it’s important to know how much it will truly cost you. You’re probably aware that there’s a down…

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General Loan Information
5 Biggest Mortgage Mistakes to Avoid

Whether you’re a first-time homebuyer or a repeat buyer, you may have questions about the mortgage process. The good news is that…

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General Loan Information
Rules for Using Gift Funds as a Down Payment

In spite of having sufficient income to afford a monthly mortgage payment, some would-be buyers defer a home purchase because they lack…

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General Loan Information
What is “Stability of Income” When Applying for a Mortgage

Income stability is key detail underwriters consider when reviewing home loan applications. If you’re employed, meet the minimum credit requirements and earn…

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General Loan Information
Surprising Reasons Why Your Mortgage Loan Could Be Rejected

If you’re buying a home and applying for a mortgage, you’re likely prepared for a ton of paperwork and back-and-forth communication with…

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General Loan Information
Facts You Should Know About Mortgage Insurance

Concerned about monthly rent increases and renting instability?  Ready to buy a home of your own—a safe place to settle down? As…

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General Loan Information
How the Update to ‘Know Before You Owe’ Rule Will Benefit Homebuyers

Last October, the Consumer Financial Protection Bureau’s ‘Know Before You Owe’ initiative went into effect with the goal of promoting greater transparency…

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General Loan Information
Annual Mortgage Review: Choose ACM as Your ‘Lender For Life’

Back in 2011, a group of seasoned mortgage professionals formed Atlantic Coast Mortgage and set out to improve the mortgage process for…

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General Loan Information
How Updates to Credit Reporting Standards May Help Homebuyers

It’s no secret that credit reporting is imperfect. Credit reports can have outdated information, incomplete records, and even mistakes. Unfortunately, these problems…

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