PBM MORTGAGE INSIGHTS

Black Friday is known for doorbusters, deep discounts, and deals that are hard to ignore. But if you’re planning to buy a home in the near future, there’s another kind of “shopping” that matters even more this season: shopping for the right mortgage. While everyone else is lining up for the latest gadgets or upgrading appliances, smart future homeowners are focusing on their financial picture—and sometimes skipping Black Friday may actually get you into a home faster. Here’s

Is your credit card debt creeping up on you like a ghost in the night? A high balance — and the stress of not being able to pay it off — can feel downright terrifying. But if you're a homeowner, there's a potential lifeline: your home equity. Using home equity to pay down high-interest credit card debt can be a smart move, but it’s not without risks. Before you take the plunge, let’s walk through the pros and cons of this strategy to help you decide if it’s the right path for

As we enter 2025, the mortgage market continues to evolve, presenting both opportunities and challenges for homebuyers and homeowners. Let’s explore the key trends and predictions for the year ahead. Interest Rate Forecast After years of fluctuations, 2025 is poised to bring more stability to mortgage interest rates. While predictions vary slightly among experts, the consensus points to rates remaining above 6% for most of the year: The Mortgage Bankers Association projects r

Your credit report plays a crucial role in your financial life, especially when it comes to major decisions like buying a home or securing a loan. But what exactly is a credit report, and how does it affect your ability to borrow money? At Presidential Bank Mortgage, we believe that understanding your credit report is key to managing your finances effectively. Here’s a breakdown of how credit reports work and what you need to know. What Is a Credit Report? A credit report is

Life's financial journey can sometimes lead to unexpected setbacks. Whether it's due to job loss, medical expenses, or other financial...

In the realm of personal finance, few numbers wield as much power as your credit score. However, what many people fail to realize is that...

Your credit score is more than just a number. It's a crucial factor that impacts your financial health and opportunities.

Protect Your Privacy: Understanding Credit Opt-Outs and Trigger Leads In today's digital age, where information flows freely and data privacy concerns are at the forefront of discussions, it's crucial to understand how your personal information is being used, especially in financial transactions. One area of particular concern is trigger leads in the realm of credit reporting. Trigger leads refer to the practice of credit bureaus selling consumer information to lenders to sol

Purchasing a home is one of the most significant investments you can make, and understanding how credit factors into this journey is...