The Mortgage Statement

Mortgages and the Self-Employed

Posted by Scott McElmurry on Wed, Jul 17, 2013 @ 03:57 PM

Financial independence — the knowledge that you, not a corporation, control your economic destiny — is an empowering feeling and a huge motivating factor for people who become self-employed.

Read More

Tags: How to buy a home, first-time home buying

Monday Mortgage Memo: December 3, 2012

Posted by Scott McElmurry on Mon, Dec 03, 2012 @ 04:45 PM

It's the first week of December and our low mortgage rates are still looking strong. While the national average for rates rose slightly in the last week, our rates remain unchanged. Let's hope they stay that way for a good bit longer. 

If you are getting ready to refinance, make sure to read this article from Yahoo! Homes. It covers the five basic blunders anyone is liable to make when going through the refi process. We always encourage our applicants to research as much as they can before making decisions with their money. After all, knowledge is power when it comes to your finances. To help you research, we have a whole Free Resources library to help get you started. And of course, feel free to contact any of our Arkansas mortgage lenders if you have any questions.  

Bank of Little Rock Mortgage is also rolling out a new blog to provide our experience and expertise on mortgage finance, written in plain English for you to follow easily. We call itThe Mortgage Statement.  

Are you interested in seeing if you prequalify for a home loan? We have a quick-and-easy online prequalification process you can access below. 

Prequalify Online Here

If you have any questions, comments or concerns, we would love to hear from you. Just contact us and let us know what you need. For more information on Arkansas mortgage rates and Arkansas mortgage lenders, check out our website. 

Happy Monday,

Scott McElmurry

President & CEO of Bank of Little Rock Mortgage

NOTE: Your mortgage rate can be affected by a number of factors, including your credit score, loan-to-value ratio, your down payment and the loan program you choose. No matter what, we'll always find you the best mortgage loan at the best rate, guaranteed. For more information, visit our Today's Rates page.  

Read More

Tags: mortgage rates, How do I refinance, first-time home buying

How to Keep An Eye Out for Home Loan Scams

Posted by Scott McElmurry on Wed, Nov 28, 2012 @ 11:38 AM

 Just like any other industry, the mortgage-lending field is not without its bad apples. As a borrower, you have to keep an eye out for mortgage scams that can hurt everything from your credit score to your personal finances to your home ownership. Our number one priority is to help you get a home loan that benefits you the most. We want to make sure you pass through the mortgage process armed with the knowledge to keep yourself protected against potential mortgage scams.   

Read More

Tags: mortgage insurance, Mortgage payment, first-time home buying

How to Apply for a Home Loan

Posted by Scott McElmurry on Tue, Oct 16, 2012 @ 09:44 AM

For the majority of first-time homebuyers, getting a mortgage is a must. A mortgage, however, can be a complex process for those who don’t do their research. It’s important to know exactly what will be required of you during the mortgage application process, because preparation is one major key to success.

Read More

Tags: Get pre-qualified online, first-time home buying, choose a mortgage

What to Expect at Closing for a Home Loan

Posted by Scott McElmurry on Tue, Sep 25, 2012 @ 10:43 AM


The final step in buying a home is the closing. When you close on a home, you are finally making the home yours.

Read More

Tags: Closing, first-time home buying

5 Steps to Help First-Time Homebuyers Get a Mortgage Loan

Posted by Scott McElmurry on Mon, Aug 13, 2012 @ 03:27 PM

                                                             

Read More

Tags: How to buy a home, credit score, first-time home buying