Purchase Plus Improvement, a quick guide for you

By  Leann Scarlett |   | Posted in " First Time Home Buyers, HOME BUYING, RE-FINANCING, RENEWING, REVERSE MORTGAGES "

kitchen reno2.png

You found the perfect home, great location,  but its missing a garage or the kitchen is less than desirable? Let's talk about the Purchase + Improvement Mortgage... Purchase Plus Improvements is a great mortgage option for consumers looking to purchase a home that has great potential, but needs renovation. This program allows you to make improvements immediately after taking possession of your new home and have the costs rolled into one easy-to-manage mortgage. The idea is that immediately renovating your home adds to its market value and the mortgage is essentially based on that new and improved value. It’s a great way to purchase a home AND……


CLICK HERE TO READ THE FULL ARTICLE  »


For Sale By Owner.... It works till it doesn't

By  Leann Scarlett |   | Posted in " First Time Home Buyers, HOME BUYING, RE-FINANCING, RENEWING, REVERSE MORTGAGES "

For Sale by owner sign .png

  Written with permission from my client: I was a mortgage broker to a young man that was purchasing his 1st home. He stumbled upon the perfect home for him, great location “On Golden Pond” not many of these properties for sale “Ever”. It was a “for sale by owner” He viewed the property knowing it needed some repairs. What he didn’t know  was how many repairs really needed to be done.  Did you know an individual selling a home has different rules than a realtor who’s listed a property? If a home is listed through a Real Estate agent “they……


CLICK HERE TO READ THE FULL ARTICLE  »


Five Credit Factors You Should Understand Before Applying for Credit Products

By  Universal Mortage Solutions |   | Posted in " First Time Home Buyers, HOME BUYING, RE-FINANCING, RENEWING, REVERSE MORTGAGES "

Five-Credit-Factors-You-Should-Understand-Before-Applying-for-Credit-Products.jpg

Mortgages are a necessary part of life for most of us and having excellent credit scores play a crucial role in making the mortgage process a whole lot easier. With your credit history being a determining factor in your mortgage obtaining process, building a solid credit history and maintaining a high credit score becomes essential.


CLICK HERE TO READ THE FULL ARTICLE  »


Frequently Asked Questions About Using a Mortgage Broker

By  Universal Mortage Solutions |   | Posted in " First Time Home Buyers, HOME BUYING, RE-FINANCING, RENEWING, REVERSE MORTGAGES "

Frequently Asked Questions About Using a Mortgage Broker

At Universal Mortgage Solutions, our aim is to help you understand your needs and financial status which is crucial in helping you achieve your dream of owning a home. To ensure you have all the answers you need to help you achieve this dream, we have answered some of the most Frequently Asked Questions about using a mortgage broker.


CLICK HERE TO READ THE FULL ARTICLE  »


Announcing the new website

By  Universal Mortage Solutions |   | Posted in " First Time Home Buyers, HOME BUYING, RE-FINANCING, RENEWING, REVERSE MORTGAGES "

announcement-banner-universal-mortgage.jpg

We are delighted to announce the launch of our new website!


CLICK HERE TO READ THE FULL ARTICLE  »