It's generally best to obtain pre-approval early - before starting to look at homes. We recommend getting pre-approved as early as six months to a year in advance.
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Conventional loan guidelines were created by the government and are enforced to protect the lender, borrower, and investor.
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.
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.
Taking the leap into homeownership offers a variety of benefits that can greatly enhance one's life. Homeownership is a path to financial stability, equity accumulation, and the potential for property value appreciation.
From navigating the real estate market to securing a mortgage & closing the deal, each step to buying a home requires careful consideration.
Mortgage insurance is a type of financial protection that lenders require when borrowers make a down payment of less than 20% of the home's purchase price.
First and foremost, buying a home and obtaining a mortgage is a significant financial decision, often involving substantial sums of money and long-term commitments. Whether it’s a mortgage company, credit
Feeling like your financial fate is being determined by pesky, confusing digits? Credit scores are based on complex algorithms that take multiple factors into account such as payment history and
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