When Does a Mortgage Lender Pull Credit? Understanding the Process
Applying for a mortgage means getting familiar with credit checks. Whether you’re purchasing a home or refinancing an existing property, a lender needs to assess your financial history before approving a loan. But when does a mortgage lender pull credit, and how does it affect your ability to secure a mortgage? Understanding when and why […]
Understanding What Is a Mortgage Planner in Wilmington, DE
When you secure a mortgage, you need to make sure the loan fits into your financial future. That’s what a mortgage planner does. Instead of focusing only on getting you approved, a mortgage planner looks at the bigger picture—your goals, financial situation, and how your mortgage can work for you long term. If you’re buying […]
Is It Better to Get a Mortgage from a Bank or Lender?
Buying a home comes with a long list of decisions, and one of the biggest is figuring out where to get your mortgage. Should you go with a bank or a mortgage lender? It’s a question that doesn’t always have a clear-cut answer. Some people prefer banks because they’re familiar, while others choose mortgage lenders […]
What Is the 3 7 3 Rule in a Mortgage?
There’s a rule in mortgage lending that affects the timing of your home loan process, and if you’re not familiar with it, you could be caught off guard. It’s called the 3 7 3 rule in a mortgage, and it sets specific deadlines for when lenders must provide disclosures and when you can officially close […]
How to Choose the Right Mortgage Lender in West Chester
Buying a home is a big deal, especially for first-timers. For many, it’s not just about finding the perfect house—it’s about finding the perfect mortgage lender. But when there are countless options out there, understanding how to choose a mortgage lender can be a bit easier said than done. Instead of wading through online reviews, […]
What Questions Should You Ask a Mortgage Lender
Finding the right mortgage lender can ultimately make a big difference in your overall home purchase journey. With Penn Street Mortgage, our team of mortgage brokers can make sure you have several options when it comes to a home loan option that works best for you. But, the lender you choose can have a big […]
Questions to Ask When Refinancing Your Mortgage
Thinking of refinancing your home loan? Between interest rates, loan terms, and closing costs, you’re probably wondering, “Where do I even begin?” Luckily, asking the right questions can help demystify the process and save you money. That’s what Penn Street Mortgage is here for. With our team of mortgage brokers, we can help you navigate […]
Guide to USDA Home Loans for Rural Development in Chester County
Did you know that there are mortgage programs that can benefit you in buying a house in a rural area? While homeownership is a dream for many, it can sometimes feel like a far-off possibility. But, with a USDA home loan you can get rural home financing in Pennsylvania that can help your dream of […]
Investing in Malvern PA Real Estate: Opportunities in Commercial Mortgages
Are you thinking of making a real estate investment in Malvern, PA? You wouldn’t be alone — This small town is becoming a popular location for real estate investors, especially in the commercial real estate sector. At Penn Street Mortgage, we have decades of combined experience and are here to help offer expert advice and guidance […]
Tailored Mortgage Broker Services in Downingtown PA for First-Time Commercial Buyers
Getting ready to purchase your first commercial property is a big step — and often, it’s scary! Whether you’re looking to expand your business or improve your cash flow, getting a commercial mortgage is different from a residential mortgage, and you’ll likely need some assistance. That’s where we’re here to help. At Penn Street Mortgage, we get […]