Prequalification calculates the amount you can borrow based on a largely informal assessment of your finances. Pre-approval is heavier and requires documentation. Prequalification and pre-approval ...
With prequalification, lenders determine if you meet the basic financial criteria for a home loan. To qualify first, give a lender basic information about your ...
Hire the right buyer representative You will be working closely with your real estate agent, so it is important that you find someone you can ...
With so much thought, it is not surprising that some new buyers make mistakes that they will later regret. These are some of the most ...
1. Save for an advance It's common to cut 20%, but many lenders now allow far less, and first-time buyer programs only allow 3%. However, ...
Your home should be your refuge, a safe place to unwind at the end of the day. But if you're having trouble paying your mortgage, ...
In fact, a monthly mortgage payment is made up of PITI, but you may have to pay other mortgage-related fees, such as private mortgage insurance ...
In fact, a monthly mortgage payment is made up of PITI, but you may have to pay other mortgage-related fees, such as private mortgage insurance ...