James Mentor

Mortgage Advisor, Vienna VA

Why should you get a mortgage pre-approval?

Shopping for a home can be incredibly exciting, but if you’re serious about making it happen, it’s important to begin the process with a mortgage broker before going shopping. Most sellers expect potential buyers to have a mortgage pre-approval letter, and are far more amenable to negotiating with someone who does. Why? Because it proves you can …

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Mortgage Advisor, Vienna VA

What are the different types of private mortgage insurance?

When a homebuyer makes a down payment of less than 20%, most lenders require that the borrower pay private mortgage insurance (PMI) until they’ve covered 20-22% of the cost of the home and are no longer considered high-risk. Simply put, PMI is designed to protect the lender’s investment. PMI costs can range from 0.25% to 2% …

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Mortgages Jobs In Vienna, VA

Can you get a VA loan if you’re self-employed?

A VA loan is a type of mortgage available through the United States Department of Veterans Affairs, and is aimed at assisting active military service members, veterans, and surviving spouses to purchase homes. But landing a VA loan as a self-employed person can pose some unique challenges—most often in the form of added scrutiny from …

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Mortgage Servicing Company In Vienna, VA

Fixed vs adjustable rate mortgages: the pros and cons

When applying for a mortgage, you’ll inevitably be faced with choosing between fixed-rate mortgages and adjustable-rate mortgages (ARMs). This may seem simple enough, but still it’s a choice worth thinking about. While the marketplace offers a variety of options within these two categories, the first step is deciding which primary loan type best suits your …

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Mortgages Jobs In Vienna, VA

What are your options as a first time home buyer in Virginia?

When purchasing your first home, landing a mortgage is a necessary stepping stone to greater things. The wide variety of financing options available to first-time homebuyers, however, can be incredibly overwhelming. The good news is that a little digging on the basics of property financing can save you time and money and ensure you choose …

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