Should I Rent or Buy?

While homeownership has long been the American dream, buying a home is not necessarily the best choice for every person or every situation. There are many factors to consider in determining if a home purchase is the right decision for you right now. Can you Afford It? If the cost to own a home – mortgage, homeowners insurance and property taxes included – if less than roughly 28% of your gross income and you have few other debt obligations, you can probably afford to buy. Do not underestimate the additional costs of maintenance though. Replacing appliances or paying for a plu...

June 14th, 2018 | Purchasing a Home, Should I Rent or Buy?

4 Reasons You Don’t Want to Pay PMI

Years ago, a 20% down payment was a requirement for obtaining a mortgage loan. Putting that much money down made it less likely that borrowers would simply default on their home loans and gave lenders a measure of security and collateral in the case of foreclosure. However, in more recent years, lenders have gotten much more creative in financing to help more Americans become homeowners. There are now mortgage loans that require as little as 3% down up front. In order to compensate for that added risk of loss, lenders require and borrowers with a down payment of less than 20% to pay for pri...

June 7th, 2018 | First-time Homebuyers, 4 Reasons You Don’t Want to Pay PMI

VA Mortgage Alaska | VA Home Loans Alaska

Veterans benefits expand way beyond the capacity to receive disability payments or attend school free of charge to get a secondary education after discharge from the armed forces. Learn why getting a VA Loan in Alaska Might be the best option for you.Yet many Alaskan veterans are not conscious of the details defining their additional advantages, especially when it comes to the real estate for military associates to buy when they wish to join the homeowner ranks.And, there are lots of ways for the personnel that have served in the armed forces to use their government-granted benefits that do no...

May 16th, 2017 | va mortgage alaska , VA Mortgage Alaska | VA Home Loans Alaska

FHA Mortgage Alaska | FHA Loans Alaska

You may be buying your first home in Alaska, or maybe you are relocating to Alaska from another state. Either way, it's important that you educate yourself on FHA Alaska mortgage loans before searching for a home and mortgage. This informative article explains what you will need to know before buying a home in Alaska and why a FHA Mortgage in Alaska can be a great alternative for first time home buyers:The median cost of a home in Alaska is $345,114; nevertheless, home prices can fluctuate extensively between zip codes. For instance, in the Anchorage Metro area, median home values during t...

May 7th, 2017 | fha mortgage alaska , fha loan alaska , FHA Mortgage Alaska | FHA Loans Alaska

Mortgage Refinancing Florida - Home Loan - FHA - VA Loans

The word 'mortgage' means a conditional conveyance of property as security for the repayment of a loan. There are two primary reasons for guaranteeing a mortgage - people normally either want it to live on or to use immediately, or else they refinance to make future investment gains. Personal demands and financial conditions play an essential role in buying a property.In the course of a mortgage, there might come a time when it's wise to use some part of what has already been put up as repayment for some other purposes. You can simply do that by filling out an application for mortg...

April 19th, 2016 Mortgage Refinancing Florida - Home Loan - FHA - VA Loans

Mortgage Loans Colorado - Denver Colorado Home Refinancing

"East or West, home is the best", goes the saying. Buying a house is made possible due to mortgage loan improving organizations. These businesses, called Mortgage Companies, care for everything in the mortgage process, from the application stage until the closure of the loan. They develop mortgage loans for people who don't have enough money to buy a home. Many Mortgage Companies function as a section of a lender. This makes it simple for the loan to be funded in-house without the 3rd party bottlenecks that can wait the loan process. Although the mortgage process often takes a lo...

April 19th, 2016 Mortgage Loans Colorado - Denver Colorado Home Refinancing

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VA Loans

Veteran Loans

Prime 1 Bancorp, Ltd is not affiliated with any government organization or bank nor do we act on behalf of the FHA or VA. We are not a Federally chartered or State Chartered Bank. We are an we are an Illinois Residential Mortgage Licensee by the Office of Banks and Real Estate License #MB.6761138, a Colorado Registered Mortgage Brokerage by Division of Real Estate, a Florida Residential Mortgage Brokerage Licensed by the Office of Financial Regulation License #MBR1930 dba Prime 1 Mortgage Inc, a California CFL Licensed Mortgage Brokerage by Department of Business Oversights 60DB055973. Prime 1 Bancorp, LTD Corporate Office is located at 2720 S. River Rd Suite 50, Des Plaines, IL 60018 our Toll Free Number is 888-205-3737.

Loan product availability is subject to qualification of the borrower and loan approval after full review of the file. Not every applicant qualifies or is eligible for every loan program. Some loan products may not be available in all states. Loan approval, note rate and annual percentage rate are dependent on factors including, but not limited to, credit, collateral, income, assets and overall financial history. Not all applicants will be approved for a loan. All loan programs, terms and annual interest rates are subject to change without notice. NMLS: 1434638