Mike Hutchinson

Senior Loan Officer

NMLS: 2004776

Recent Articles

Aug
17
2022
Here’s Why The Current Housing Market Isn’t Like 2008
Many news headlines are comparing the current housing market to 2008 due to inflation and the recent housing boom. But don’t fret because many experts agree that the Great Recession is unlikely to be repeated in this current market. One of the main reasons is that America’s...
Aug
12
2022
How To Buy and Sell Your Home As a Military Family
Being a part of a military family means you may not have a permanent address for some time. It’s common to receive orders to move to another station even if you’ve just settled into a house and neighborhood you love. To make the experience easier, we share some tips on buying and...
Aug
03
2022
Feds Hike Interest Rate: What This Means for Mortgages, Car Loans, and More
The Federal Reserve raised interest rates for the second time in recent months to rein in inflation. And whether directly or indirectly, consumers will start to feel the effects of increasing borrowing costs. Here's how that breaks down for you: Credit Cards Credit card rates are...
Jul
27
2022
Best Home Loan Options for Single Parents
Are you a single parent who dreams of owning a home but nervous that you’ll encounter too many challenges? We’ve got good news for you!  There are home buying assistance programs that can help you purchase a home. If you’re a single mom or dad who wants to buy a...
Jul
21
2022
Who Qualifies for Down Payment Assistance?
If you want to purchase a house for the first time but don’t have enough money for a down payment, getting a state or local down payment assistance program might be the best option. We’re going to look at what down payment assistance programs are all about and how you could...
Jul
13
2022
How Do Second Mortgages Work?
Many homebuyers don't know they can take a second mortgage on their homes. The first loan, the primary mortgage, is taken while purchasing a property. A second mortgage is a type of mortgage that lets you borrow against the value of the same property while your first loan is not fully paid...
Jul
07
2022
Factors To Consider When Purchasing a Home as an Unmarried Couple
While exciting, real estate purchases can present challenges for unmarried couples. And since buying a home is a significant financial investment, it's best to prepare for those challenges before committing to the purchase.  What To Consider When Buying Property as an...
Jun
29
2022
What’s the difference between private mortgage insurance and mortgage insurance premium?
If you are one of those buyers who can’t afford to pay a sizeable down payment, don’t give up on homeownership just yet. Mortgage insurance is a tool that can help you achieve homeownership despite the lack of funds for a down. When you pay for mortgage insurance as part of your...
Jun
23
2022
Is It Possible to Buy a Condo with a VA Loan?
Did you know you could purchase a condo unit with a VA home loan? VA loans are a great home financing option since they don’t require a down payment and have lower interest rates than other mortgage products. So if you qualify for a VA home loan, purchasing a condo would be a fantastic...
Jun
16
2022
Buying Mortgage Points: Is It Worth It?
Buying mortgage points is a way to secure a lower interest rate during the home buying process. It can save you several thousands of dollars in interest over the life of the loan and lower your monthly mortgage payment. Check out this nifty guide to learn how they’re calculated so you...
Jun
09
2022
Things to Consider When Deciding to Rent or Buy Your First Home
Are you considering whether you should purchase your first home or rent? There are several things to think about when deciding if you want to buy or rent.  We’ve listed down things you should know so that you can settle the rent or buy debate in your situation. Put Your Future...
Jun
02
2022
Getting Ready To Buy A Retirement Home: Things To Consider
Do you have plans to purchase a retirement house? It doesn’t matter if you’ve already retired or still have a long way to go before retiring. The perfect time to plan for your future home is now.  This article will break down essential details that you’ll need to...
May
25
2022
Better Alternatives To Withdrawing From Your Retirement
When facing an urgent and substantial financial need, borrowing against their 401(k) often comes to mind. While account holders can withdraw $50,000 or 50% (whichever is less) from their 401(k) plans without paying penalties, there are major drawbacks that should make you think twice...
May
18
2022
Your Guide To Buying A Home When You Have Bad Credit
If you think that buying a house with bad credit is impossible, we have good news! It may be more complex, but it can be done! But before you go house hunting, it's essential that you review your financial situation. Homeownership involves unexpected expenses that may be hard to cover if...
May
11
2022
Your Guide To Paying Down Credit Card Debt With A Home Equity Loan
Having multiple credit cards can be helpful, especially when making large purchases. The problem starts when you have large outstanding balances, and you're having trouble paying them off quickly to avoid enormous interest charges. You may have heard about using a home equity loan to...
May
04
2022
How Can I Get Approved for a Mortgage as a Contract Employee?
Contract employees who want to get a home loan can sometimes find it challenging. Traditional mortgages often lean towards an income that can be verified easily with W-2s. Income taxes for contract employees can sometimes get complicated and can further compound the problem...
Apr
27
2022
Step By Step Guide To Getting Your Credit Ready For A Mortgage
Did you know that you could save thousands of dollars if you prepare your credit before applying for a mortgage? Your credit score is one of the most critical factors that determine your mortgage interest rate and which home loan program you qualify for. This week’s article will...
Apr
20
2022
Learn The Difference Between A Home Equity Loan vs. HELOC
HELOCs and home equity loans are loans where you use your home as collateral. Both are good options for borrowing money if you’ve paid a significant portion of your mortgage. Some homeowners think that these two are similar, but in reality, they are not the same. Let’s look at...
Apr
13
2022
5 Mistakes Newbie Investors Make When Buying A House To Flip
With many TV shows depicting house flippers having fun while making a profit, many investors have taken interest in the idea. In 2019 alone, 6.2% of all home sales in the U.S. were flipped homes! It sure looks easy on TV –buy a house, fix it up, put it back on the market, and make an easy sale...
Apr
06
2022
How Do You Get A Mortgage For A Rental Property?
Purchasing your first rental property is a big step in your real estate investor journey. Aside from choosing a potentially profitable property, you need to figure out how to finance your rental. Before sharing how to apply for an investment loan, et’s look at how a primary home...

This site uses cookies to process your loan application and other features. You may elect not to accept cookies which will keep you from submitting a loan application. By your clicked consent/acceptance you acknowledge and allow the use of cookies. By clicking I Accept you acknowledge you have read and understand 's Privacy Policy.