A good credit score is crucial when applying for a mortgage as it directly affects the terms of the loan. Lenders use credit scores to assess a borrower's creditworthiness and risk. A higher credit score typically leads to better interest rates and more favorable loan terms, such as lower down payment requirements. Conversely, a lower credit score may result in higher interest rates or even difficulty qualifying for a mortgage. Therefore, maintaining a strong credit profile is essential for securing a favorable mortgage deal.

First-time homebuyers should steer clear of common mistakes, such as not getting pre-approved before house hunting, neglecting to shop around for the best mortgage rates, and underestimating the costs of homeownership, including property taxes and insurance. Additionally, taking on new debt or making significant financial changes before closing on the mortgage can jeopardize the loan approval process. It's crucial for first-time buyers to work closely with a mortgage advisor to navigate these potential pitfalls and make informed decisions.  We have a do’s & don’ts list for all our buyers.  

Homeowners can benefit from refinancing their mortgages in several ways, including lowering their monthly payments, securing a lower interest rate, or changing the loan term. A good time to consider refinancing is when interest rates drop significantly below your current rate, you have improved your credit score, or your financial situation has changed, allowing you to qualify for better terms. It's essential to calculate the potential savings and weigh the costs associated with refinancing to determine if it's a financially sound decision. Consulting with a mortgage advisor can help homeowners make informed choices.

Intelligent Mortgage offers a blend of expertise, personalized service, and innovative technology. We are committed to finding the right mortgage solution tailored to your needs, providing competitive rates, and simplifying the application process. Our goal is to make your home buying experience smooth and efficient.

Your credit score significantly influences the interest rate you'll receive and your ability to qualify for certain loans. A higher credit score generally leads to better terms and more borrowing power.

YES YOU CAN!  While some loan programs offer low down payment options, it's rare to find a mortgage with 0% down. Programs like VA loans for eligible veterans and USDA loans for rural areas offer low or no down payment options.

Putting 20% down on a home can help you avoid private mortgage insurance (PMI), potentially lower your monthly payments, and demonstrate financial stability to lenders. However, it's not always necessary, and there are alternatives for those who can't afford a 20% down payment.  We also have programs with < 20% down and no monthly MI.  Ask about our MI Buster!  

Pre-qualification is an initial assessment of your financial situation based on information you provide. Pre-approval involves a more in-depth evaluation, including a credit check and verification of financial documents. Pre-approval is a stronger indicator of your borrowing capacity and has usually been reviewed by an underwriter.

Many lenders, including Intelligent Mortgage, offer online portals or apps where you can securely make mortgage payments electronically. Simply log in, navigate to the payment section, and follow the instructions to make your payment conveniently online.

Homeowners can benefit from refinancing their mortgages in several ways, including lowering their monthly payments, securing a lower interest rate, or changing the loan term. A good time to consider refinancing is when interest rates drop significantly below your current rate, you have improved your credit score, or your financial situation has changed, allowing you to qualify for better terms. It's essential to calculate the potential savings and weigh the costs associated with refinancing to determine if it's a financially sound decision. Consulting with a mortgage advisor can help homeowners make informed choices.