Mortgage FAQs & Articles | omega-financial

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Mortgage co-signer

Sep 15
2 min

Mortgage FAQ: How Difficult is It to Get a Mortgage as Freelancer?

Although all mortgage lenders do have different requirements, getting a loan when your income comes from freelance work may not be as diffic

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Rate Update: Mortgage Interest Rates Hit Record Lows

Omega Financial Mortgage

Sep 9
2 min

Rate Update: Mortgage Interest Rates Hit Record Lows

Let’s look at how the mortgage rates have been trending along with the reasons for those trends and what the future may hold.

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Omega Financial Mortgage

Sep 2
2 min

The Pros and Cons of Using a VA Loan

A Veterans (VA) loan may give active military personnel, retired veterans and sometimes surviving family members of veterans the ability to

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Mortgage FAQ: Does Having a High Credit Card Balance Affect My Credit Score?

Omega Financial Mortgage

Aug 19
2 min

Mortgage FAQ: Does Having a High Credit Card Balance Affect My Credit Score?

As a good rule, it’s best to keep your balance at or below 30 percent of your credit limit.

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Here's What to Expect If You Want to Buy During the Pandemic

Omega Financial Mortgage

Aug 12
2 min

Here's What to Expect If You Want to Buy During the Pandemic

Despite the Covid-19 pandemic, real estate activity has continued across the country and will ramp up even more going forward.

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Omega Financial Mortgage

Aug 5
2 min

Is a Custom-Built Home Right for You?

Although having your own home built may seem a bit daunting, there are plenty of benefits of a custom-built home.

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Mortgage FAQs: Why Haven’t Home Price Come Down During the Current Economic Situation?

Omega Financial Mortgage

Jul 23
2 min

Mortgage FAQs: Why Haven’t Home Price Come Down During the Current Economic Situation?

Home prices have been steady throughout the COVID-19 crisis and in many cases, prices have actually shown a small increase.

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You Don't Just Buy the Home—You Also "Buy" the Neighborhood

Omega Financial Mortgage

Jul 16
2 min

You Don't Just Buy the Home—You Also "Buy" the Neighborhood

As you start zeroing in on the home you want to buy, here are a few key things you should consider about your potential neighborhood:

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Omega Financial Mortgage

Jul 9
2 min

Should You Get a Second Mortgage?

You’ll need to consider what taking out a second mortgage really means before you make that decision.

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Mortgage FAQs: Should Your Parents Co-Sign on a Mortgage?

Omega Financial Mortgage

Jun 16
2 min

Mortgage FAQs: Should Your Parents Co-Sign on a Mortgage?

Before deciding on whether or not to have a co-signer, you and your parents should think carefully about what co-signing on a mortgage reall

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After the Crisis: What You Can Do Right Now to Get Ready

Omega Financial Mortgage

Jun 12
2 min

After the Crisis: What You Can Do Right Now to Get Ready

If you’ve been waiting for the stay-at-home directives to ease before buying a new home, selling your current home or refinancing your mortg

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Omega Financial Mortgage

Jun 10
2 min

The Tried-and True 30-Year Fixed-Rate

Although most lenders offer a wide variety of loans, the 30-year fixed has become the industry standard—and for good reason. Here’s why:

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Buying or Selling a Home During the COVID-19 Pandemic? Here’s What You Need to Know

Omega Financial Mortgage

May 12
1 min

Buying or Selling a Home During the COVID-19 Pandemic? Here’s What You Need to Know

Find out what you need to know if you're thinking about buying or selling a home in the era of COVID-19 and social distancing. For more t...

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Mortgage FAQ: Buying vs. Renting in an Expensive Neighborhood

Omega Financial Mortgage

Apr 17
2 min

Mortgage FAQ: Buying vs. Renting in an Expensive Neighborhood

If your heart is really set on living in this popular neighborhood, give your real estate agent the chance to make the dream come true.

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Questions That You May Have About the Interest Rates

Omega Financial Mortgage

Apr 14
2 min

Questions That You May Have About the Interest Rates

Short- and long-term future of the interest rates is something that you’ll need to think about if you’ve been planning on buying a home or r

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Omega Financial Mortgage

Apr 8
2 min

How to Get and Keep Your Pre-Approval

When purchasing a home, getting a mortgage pre-approval is a good idea. There are benefits to being pre-approved, but a pre-approval does ha

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Mortgage FAQ: Is There a Benefit to Having a Perfect Credit Score?

Omega Financial Mortgage

Mar 18
2 min

Mortgage FAQ: Is There a Benefit to Having a Perfect Credit Score?

"I RECENTLY CHECKED MY CREDIT SCORE AND IT’S VERY CLOSE TO 800. I'M THINKING ABOUT TRYING TO GO FOR A PERFECT SCORE OF 850. ARE THERE ANY...

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Omega Financial Mortgage

Mar 12
2 min

The Rise of Multi-Generational Homes

Over the past decade or two, a new trend has emerged in housing: multi-generational homes. If you’re planning on buying a home in the nea...

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Rate Update: Can the Interest Rates Go Even Lower?

Omega Financial Mortgage

Mar 10
2 min

Rate Update: Can the Interest Rates Go Even Lower?

If you’re looking to buy or refinance this year, the current interest rates will play a big part in your financing. With that in mind, le...

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Mortgage FAQ: What Are the Upsides to Having a Loan with A Shorter Term

Omega Financial Mortgage

Feb 20
2 min

Mortgage FAQ: What Are the Upsides to Having a Loan with A Shorter Term

Becoming mortgage-free sooner is one of the prime reasons many people choose to get a loan with a shorter term, but there are other benefits

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