What You Should Know About Fixed-Rate Mortgages
Fixed-rate mortgages are one of the most sought-after home loan products. Their numerous advantages make them an attractive option for home buyers looking to purchase their dream residence. Long-Term Stability The primary advantage of a fixed rate mortgage is that your interest rate won’t change throughout the life of your loan, giving you peace of […]
Mortgage Rates – What Drives Them and How You Can
Mortgage Rates – What Drives Them and How You Can Control Them Mortgage rates are an integral component of the home purchasing process. By understanding what drives them and how you can control them, you’ll be in a better position to get the most competitive rate available. No matter if you’re a first-time homeowner or […]
What You Need to Know About Mortgage Pre Approval
Mortgage pre approval is a process lenders use to assess how much you can borrow for a home and the loan terms they might offer you. It involves a more thorough investigation of your finances than prequalification, including an extensive hard credit check and other verification processes. Be Preapproved with Multiple Lenders Getting preapproved with […]
What is Mortgage Pre-Approval and Why is it Important?
What is Mortgage Pre-Approval and Why Is it Important? Obtaining pre-approval for a mortgage is an invaluable tool to get an estimate of what you can afford. It also serves as an essential first step in the home buying process, showing sellers that you’re serious about purchasing and have financing secured. Furthermore, having this pre-approved […]
How to Get Pre-Approved for a Mortgage Loan
If you’re in the market for a home, getting pre-approved for a mortgage loan is one of the best steps you can take. This gives you an estimate of how much money you can borrow and also demonstrates to potential sellers that you are serious about purchasing and financing your dream house. How to Get […]
Avoiding Common Issues When Working With Lenders
Avoiding common missteps of the lending industry is essential to creating a smooth and successful partnership. One way to do this is by having all of the tools, skills and resources needed for timely loan closings. Most importantly, have accurate data from sources like financial statements, tax returns and business records so your clients can […]
Common Pitfalls to Avoid When Working With a Mortgage Broker
Mortgage brokers often provide clients with access to mortgage loans that might otherwise go unclaimed, which can be a huge advantage. Unfortunately, there are some common errors people make when working with a broker which could end up costing them money or creating unnecessary stress. Buying a home can be an enormous financial commitment, so […]
Finding the Ideal Rate and Terms From a Lender Or Bank
Finding the ideal rate and terms is a critical step in the homebuying process. A reliable lender or bank will not only simplify your loan application, but can save you thousands of dollars over its lifecycle. Finding a great deal on your new mortgage should be your top priority, and the best way to start […]
What Documents Are Required for a Mortgage Pre-Approval?
What Documents Are Needed for Mortgage Pre-Approval? Securing pre-approval for a home loan is an essential step that should be taken before placing an offer on a new house. Doing so allows potential buyers to explore their options without risking unexpected setbacks that could hinder the sale. Furthermore, having secured pre-approval puts the buyer ahead […]
Mortgage Loan Pre Approval
Mortgage loan pre approval, also referred to as “prequalification,” is the process of verifying your financial profile and determining if you meet certain mortgage qualifications. It’s an essential step for home buyers who want to guarantee they can afford the house they’re considering purchasing and shows sellers that you are serious about purchasing a property. […]
