Tag: mortgage

Beginning with Pre-Approval

To understand why it’s such an important step, you need to know what pre-approval is. As part of the homebuying process, a lender looks at your finances to determine what they’d be willing to loan you. From there, your lender will give you a pre-approval letter to help you know how much money you can borrow.

Do You Qualify for a USDA Loan? Here’s How To Know If You’re Eligible

The main criteria boil down to income, although the income restrictions are more lenient than many homebuyers realize. As a result, far more people qualify for USDA loans than ever take advantage of them. Don’t be in that group: This is a fantastic option for those who are eligible. Here’s how to determine if you qualify for a USDA loan.

Applying For A Mortgage? Here’s What You Should Avoid Once You Do.

While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan.

What Are Mortgage Points? Upfront Fees That Could Save You Money

The interest rate your mortgage lender offers you when you buy or refinance a house is not necessarily the rate you have to stick with. In fact, you can lower your mortgage rate by shelling out at closing for something called mortgage points. But what are they and how can they save you some serious cash (like, thousands of dollars over the years you make monthly payments)? Read on for the answers from loan experts.

The U.S. Homeownership Rate Is Growing

Why Pre-Approval Is a Game Changer for Homebuyers

What Do I Need to Apply For A Mortgage?

Owning is More Affordable Than Renting in the Majority of the Country