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,…

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…

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…

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,…

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…

Home buyers often think they want to buy a foreclosure. They’re certainly still available. Unfortunately, as many full-service mortgage lenders can attest, many buyers jump in before truly understanding what the…

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…

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…

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…

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…