What is Keystone Mortgage Insurance? Hi, I’m Matt Padgett with Keystone Mortgage Insurance. A question we get asked often is, What is Mortgage Insurance? Well first of all, mortgage insurance is totally different than homeowners insurance. Homeowners insurance, you get through your insurance agent. Mortgage insurance, you actually are going to be paying on a…
Matt Padgett of Keystone wants guide you through this home buying season so you only get the best deals. Hi Matt Padgett with Keystone Mortgage. The sun’s starting to come out. The temperature is warming up. Spring break is coming up. It’s definitely home buying season. Give us a call early on in the process…
Matt Padgett of Keystone Mortgage in Knoxville, Tennessee will explain to you the USDA Mortgage Loan Changes, don’t hesitate to give a call. Hi I’m Matt Padgett with Keystone Mortgage. USDA loans, they’re about to change starting October 1st. For any role development or USDA loans without a commitment byOctober 1st, what’s going to happen is…
Matt Padgett of Keystone Mortgage in Knoxville, Tennessee is so grateful for you, his referral partners and clients. Something that I try to do every morning is to think of the things that I’m grateful for. I think its a really good practice and you know we all have to be grateful for. Something we…
Matt Padgett of Keystone Mortgage in Knoxville, TN often gets asked about the process of resubmission of your loan file to underwriting. In this video he shares some key nuggets of information. So you’ve given us all of the additional information the underwriter has asked for. We’ve got your appraisal back. Now we going to…
In our last blog entry we explained the importance of starting the preapproval process three to six months before you plan on moving into your new home. Preapproval will provide you with an accurate snapshot of your financial status and will give you an estimate of your budget for your home. In the preapproval process,…
Preapproval is a crucial step in securing a mortgage for your new home. But when is the best time for you to get preapproved? Immediately! You should meet with a loan officer three to six months before you plan on moving. If you are looking to move quickly, talk to a loan officer as soon…
A good down payment can save you money in the long run. The traditional rule of thumb has been 20% down on a house. Putting at least 20% down can help you in several ways: 1. Private Mortgage Insurance (PMI) Any borrower who puts down less than 20% is required by the lender to carry…
Many of our customers ask us, “what do you look at to determine if I qualify for a mortgage?”. Well, we actually look at three things. 1) Your credit history – have you built sufficient credit and developed a habit of paying on-time every month. 2) Your income – do you have sufficient monthly income…