Pre-qualification, Pre-approval, and Loan Commitment: What’s the Difference?

You’ve finally decided to take the plunge into homeownership, but finding out where to begin can be difficult. Here at Mortgage Specialists, we advise that you seek out a lender

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Money Needed To Buy A Home

When we speak with first-time home buyers, we’re often met with surprise when outlining the amount of money needed to buy. Many clients come to us knowing about the down

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Three Reasons To Get Pre-Approved Early

One of the questions we’ve been getting asked lately is when to get a mortgage pre-approval in Omaha. Generally, it’s best to get pre-approved before you begin looking at homes.

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Why Does It Matter Where I Get My Pre-Approval?

As a consumer, you have a lot of choices when it comes to getting a mortgage pre-approval. You can go through your bank, go online, or go with a mortgage

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4 Common Home Buying Mistakes

Here at Mortgage Specialists, we love the educational aspect of our jobs. In fact, it’s one of our core values! We enjoy being able to help educate our clients, REALTORS®,

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Can I Borrow More Than the House Is Worth?

Can I borrow more than the house is worth? If I’m pre-approved for up to a $200,000 loan and the house I want to purchase is only $150,000, can I

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Documents Needed To Apply For A Mortgage

Nearly everyone that comes to us for a mortgage or refinance comments on the amount of paperwork they have to provide us with. We know, it is a lot. In

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Frequently Asked Mortgage Questions

Here at Mortgage Specialists, one of our favorite aspects of the job is educating our clients on the mortgage process. It isn’t a process that many go through often, so

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7 Financial and Lifestyle Benefits of Home Ownership

Owning a home is a large part of the American dream. According to a 2019 survey conducted by the National Association of REALTORS®, “Approximately 75% of non-homeowners believe homeownership is

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How Do Lenders Verify Income?

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. The mortgage

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