Inside Ameritrust

Read the latest news from Ameritrust Home Mortgage

Home Improvements with the Biggest ROI

Adding value to your home can be a great thing. You don’t need to completely renovate your property to improve your return on investment (ROI). In many cases, smaller upgrades can increase the value of a home by thousands of dollars! Let's take a look at a few of the home improvements you can make to add instant equity to your home.

Tips for Moving with Young Kids

Everyone knows that moving to a new home or apartment is an aggravating, tedious chore, but once you have a family, moving can become a truly daunting task. Obviously, there is a lot to be excited about with any move – more space in a new neighborhood, a new job or just a change of scenery. For young children, however, it can be a serious disruption.

OfferBoost: Cash Solutions for Homebuyers

Our customers don’t fit into a one-size-fits-all box, and neither should their loans. In today’s market, it’s especially important to provide a competitive edge to your offer. OfferBoost helps you do that by allowing you to compete with cash. Not only does cash help you compete, but it also increases your options.

8 Ways to Pay Your Closing Costs

If you’re getting ready to buy a home, you’ve probably heard someone talking about closing costs. But do you know what they are, when they’re due, how much you’ll have to pay, and most importantly, where the money will come from? There’s a lot to learn, but you’ve come to the right place for all the answers!

Is It a Good Idea to Pay Off Collections?

If you’re getting ready to apply for a mortgage, you’re probably looking for ways to improve your credit score. It might seem like paying off your debts and any collections you may have would be a common-sense move, but some experts advise that you shouldn’t pay off your debts until you talk to an experienced loan advisor.

5 Tips for Protecting Your Credit Score After Pre-Approval

Congratulations, you’ve been pre-approved for a mortgage! At this point, you may be tempted to relax after all the hard work you’ve done pumping up your savings account and raising your credit score. But don’t go on a spending spree just yet.

Four Myths About 203(k) Loans

Daunted by high home prices and fierce competition for prime-condition houses? An FHA 203(k) Renovation Loan could be the answer for you. It provides a simple way to bundle a home’s selling price and the cost of renovations, repairs, and improvements in one single loan.

The Real Cost of Buying Your First Home

How much cash will you need to pay for upfront expenses when buying a home? From earnest money to inspections to closing costs, we break it down here.

Could Mortgage Pre-Approval Hurt Your Credit Score?

  If you’re thinking about buying a house, you’ve probably heard the term “credit score.” This 3-digit number tells a bank how likely it is that you can pay back your loans, and it’s based on things like the amount of debt you have, loans you’ve had in the past, and your repayment history. The higher your score, the more likely it is that a bank will lend you money.   You’ve earned your score by taking good care of your finances, so you want to be careful about anything that might take away from it. And one thing that can subtract points from your score is a credit inquiry.   “But wait!” you say. “Aren’t I supposed to get pre-approved for my mortgage before I start looking at houses? And doesn’t a pre-approval count as a credit inquiry?”   Good question, but when it comes to pre-approval, your credit score is safe. Here’s why.  

How to Build a Down Payment with Tax Returns and Stimulus Checks

Every once in a while, the stars align and things fall perfectly into place. That’s the case right now, with tax returns and stimulus checks coming in just in time for the spring home buying season! With a little planning, you can use this income to put together a down payment for your next home.  

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