Monthly Archives: November 2022
The Difference Between Pre-Qualified and Pre-Approved
Many lenders pre-qualify or pre-approve mortgage applicants, which can help considerably in the buying process. While the terms are often used interchangeably, there are some important differences to note.In general, pre-qualification is considered an ... Read More
4 Ways to Win in a Seller’s Market
Buying a home in a sellers market can be difficult, but it doesnt have to be impossible.A sellers market occurs when there is a low inventory of homes for sale and a large number of buyers creating high demand. It can lead to competitive bidding and hi... Read More
A Quick Breakdown of Your Homeowners Insurance
As new homeowners will learn, borrowers need to provide their lender with proof of homeowners insurance for the full value of the property (usually the purchase price) in order to be approved for the loan.Typically, the standard insurance policy protec... Read More
4 Loan Terms You Should Know
So you’re looking for a home loan? Before you find yourself up to your knees in brand new terminology, brush up on these common phrases:FICO scoreThese are the credit scores that the majority of lenders use to determine your credit risk, and the number... Read More