Ark (3)

Is it Cheaper to Build or Buy a House?

One question often confronting home buyers is: would it be less expensive to buy a pre-existing home, or should I purchase new construction? Even if price is the only determinant, the answer may not...

Night

What Credit Score do you Need to Buy a Home?

If you want to buy a home and you aren’t paying 100% cash, any competent residential mortgage banker will confirm that your credit score is going to matter. First, it will help determine if you’re...

piece-of-mind (1)

Is Now a Good Time to Buy a Home?

Is now the best time to buy a home? It’s not an easy question, but rather one that involves many considerations, including: Is the current market favorable for buyers? Are today’s interest rates...

Repair

How to Buy a Foreclosed Home

Home buyers often think they want to buy a foreclosure. They’re certainly still available—in 2017, distressed home sales, including foreclosures and short sales, made up 14 percent of all U.S. single...

Sail-Away

How Do I Buy a Second Home?

Home owners who purchase a second property do so for numerous reasons. Some want a vacation home that they rent out during the periods they’re living elsewhere. Others may buy an investment property...

Easier

How to Buy a Home for the First Time

Becoming a first-time homebuyer in New Jersey or New York can seem like a daunting task. So many things to consider, so many moving parts. But when approached methodically, it can be easily achieved.

Ark-Mortage-Home-banner-still-862x323

Sailing the 4 C’s of Mortgage Qualification

Our mission at Ark Mortgage is to empower, educate and enable our borrowers and community to make the best possible decisions for themselves and their family. In line with that, we are proud to...

get-cash

Understand Your Credit and the Role It Plays In Getting a Loan

Our mission at Ark Mortgage is to empower, educate and enable our borrowers and community to make the best possible decisions for themselves and their family. In line with that, we are proud to...

Ark-Mortgage-mountain-862x323

What is Collateral and How Does It Play a Role In My Mortgage?

Collateral is a property or other asset that a borrower offers as a way for a lender to secure the loan. For a mortgage, the collateral is often the house purchased with the funds from the mortgage....

Ark-Mortgage-construction-862x323

So, What's It Really Going To Cost Me? The Role of Capital In Mortgage

The ultimate question: how much of my own money do I need to buy a home? The answer is – it depends! But let’s take a step back and start with why. Borrowers need a down payment to show the lender...

power1

Mortgage Closing: Demystified!

Nervous about closing? Where will it be, who will be there? Usually, the closing takes place at a title company or an escrow office. The following people are typically there or are represented: You...

Ark-Mortgage-easier2-862x323

Capacity: Strength In Numbers

Capacity To put it very simply, you need to prove that you can repay the loan. To determine if this is the case, the underwriter will analyze employment status, annual income, and debt. The...

The Ark Scrolls in your inbox

Informing and Enhancing Your Purchase and Refinance Decisions

Recent Posts