In order to obtain a mortgage pre-approval, the buyer needs to provide their lender with a picture of their financial situation. After receiving the documentation, the lender analyzes the buyer’s information and determines if they’re eligible for a loan. If they are, the lender issues a mortgage pre-approval for a certain amount.
Regardless of where you get a mortgage, you will always need three things - income, credit, and money down - and you’ll need the proper documentation for each.
HELOCs and Home Equity Loans are two financial tools that allow homeowners to leverage the equity in their homes, but they operate differently and serve different purposes.
Speeding up your home loan closing involves a combination of preparation, organization, and effective communication. Whether you're a first-time homebuyer or a veteran homeowner looking to refinance, there are always new tips and tricks to explore.
Taxes, insurance, and escrow not only affect individual home loans, but also contribute to the entire housing market.
While we understand that interest rates are a key element when choosing a loan, they shouldn’t be considered as the only factor. Choosing a local mortgage broker for your home loan can make a somewhat stressful journey a whole lot smoother, as they can truly be a personal guide.
Comprehending credit inquiries and how they differ allows individuals to make informed decisions, while the deduping process ensures the accuracy and fairness of credit reporting.
Unlike government-backed mortgages, conventional loans are offered by private lenders. The lending decisions are based on each private lender's criteria, not government standards.
Locking in a rate with a lender is a way to protect yourself from potential interest rate increases while you're in the homebuying process.
A contingency offer includes conditions that must be met before the sale of a home can proceed and/or close. Because these stipulations usually cater to buyers, a contingency offer may introduce uncertainty or risk for the seller.
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8420 W Dodge Rd Ste 113
Omaha, NE 68114
(402) 991-5153
brent@mtg-specialists.com
NMLS#2424
Since interest rates change daily and vary from program to program, we do not publish mortgage interest rates on our website. Contact us to get a current quote.
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