Education is part of our commitment. Explore our resources to understand mortgages, build your credit, and make informed decisions about your financial future.
Free educational materials to help you navigate the mortgage process with confidence.
Everything you need to know about refinancing your mortgage, including rates, timelines, and potential savings.
Read GuideStep-by-step guidance for first-time homebuyers, from pre-approval to closing and everything in between.
Read GuidePractical strategies to improve your credit score and financial health over time.
Read GuideCommon questions about mortgages, refinancing, and the lending process.
Pre-qualification is an informal estimate based on information you provide, while pre-approval involves a formal credit check and verification of your financial information. Pre-approval carries more weight when making an offer on a property.
The typical mortgage approval process takes 30-45 days from application to closing. At TRI-GLOBAL EQUITIES, we work to expedite this timeline where possible, often getting pre-qualified borrowers answers within 2-5 business days.
While traditional lenders require credit scores above 620, TRI-GLOBAL EQUITIES works with borrowers with lower credit scores. We evaluate your complete financial situation, not just your credit score, to find solutions that work for you.
Yes. If you have a current mortgage that you want to refinance, we can work with you even if your credit has declined. Refinancing can sometimes help improve your credit score over time if you make payments on time.
Cash-out refinancing allows you to access your home equity to fund renovations, pay off debt, or handle other financial needs. It can provide lower interest rates compared to credit cards, and the interest may be tax-deductible if the funds are used for home improvements.
Generally, refinancing makes sense when interest rates drop significantly (typically a 0.5-1% reduction), when your credit has improved, or when you need cash access. Our specialists can analyze your specific situation to determine if refinancing is right for you.
Key concepts and strategies to help you make informed decisions about your mortgage.
Interest rates affect your monthly payment and total loan cost. Even small rate differences can result in significant savings over the life of your loan. Compare rates from multiple lenders and consider locking in rates when they're favorable.
Lenders look at your debt-to-income ratio to determine how much you can borrow. Reducing existing debts before applying can improve your ratio and increase your borrowing capacity.
While larger down payments reduce your monthly payments, some borrowers benefit from smaller down payments. We offer flexible options to help you buy now and build equity, even with lower down payments.
Beyond mortgage payments, homeowners should maintain an emergency fund for unexpected repairs and maintenance. Aim for 3-6 months of expenses in savings before purchasing a home.
Improving your credit score before applying for a mortgage can qualify you for better rates. Pay bills on time, reduce credit card balances, and avoid opening new accounts before applying.
Fixed-rate mortgages offer stable payments, while adjustable-rate mortgages may start lower but can increase. Choose based on your financial stability and long-term plans.
Armed with knowledge, take the next step toward achieving your real estate goals with TRI-GLOBAL EQUITIES.
