About Us
Learn a little bit more about Circadian Mortgage Brokers and how JR McDonald and Angela McDonald got started in the home lending industry. Their interest in helping clients navigate the real estate financing world started in 1993. While working for bigger banks, it was apparent that their ability to best serve clients was limited, and they needed to branch out on their own.
What is a Mortgage Pre-Qualification?
What do you need to have ready to speed up the pre-qualification process? Why should you get prequalified? We'll answer some of your general questions about the topic so that you can better equip yourself and get to the top of the potential buyer list when you find that dream home!
What Type of Mortgage is Best for You?
With so many mortgage options available, what is the best one for you? We'll help you navigate through some of the common options available in the market today so that you know what type of mortgage you're signing up for. Knowing the difference between a fixed and variable rate may save you money or give you the best plan to help you reach your other goals.
How Much Down Payment Do I Need?
Numbers can get very tricky when it comes to purchasing a home. What happens if you don't have the 20% down payment typically asked for when you want to purchase your dream home? What is PMI? What's a conventional loan? Can you purchase a home without putting anything down? We'll cover some important terms and scenarios when it comes to a down payment for your home.
What is PMI?
You've probably heard of PMI before, but what is PMI? How will this affect your monthly mortgage payments? What is a typical PMI amount? Will PMI ever get removed, or will it stay with you forever? As home prices are rising so rapidly, it may be difficult to have the full 20% down payment available when you've found the home you want. It's important to know how PMI will affect you and how it can help you.
What Are My Closing Costs?
You've probably heard the term before, but what is usually included in the closing costs for buying a home? Do credit score or down payment affect the closing costs? We'll break down the most common fees associated with closing costs and define some of the terms.
How is My Mortgage Payment Determined?
You're about to make one of the largest and most significant purchases of your life. There will be monthly payments made to a financial corporation for years and years. You'll probably want to know how they determined this amount that you're sending them and how the payment is divided to pay off the principal and interest amounts. We'll break down the mortgage payment so that you'll be better equipped to speak to your lender.
Hard Credit vs. Soft Credit Check
What are good practices when it comes to hard and soft credit checks? Did you know that pulling multiple hard credit checks could lower your credit score? Knowing the difference between the types can help speed up the process, put you in the best position possible for a home loan, and protect you from unnecessary hits to your credit score.
How Long Does It Take to Obtain a Mortgage?
We'll break down the mortgage process week by week and provide you with a general timeline so that you'll have a better idea of what to expect from your lender and other service providers. The better prepared you are, the less stressed you'll be throughout the journey. Our goal is to equip you with the right tools and knowledge to give you an upper hand and prepare you for all that's to come before you get the keys to your dream home!