Search results for “Pre-approval”
What is the Difference Between Pre-approval and Pre-qualification?
What is Pre-Qualification? So, you want to know how much house you can afford? A pre-qualification is the most basic way a loan officer can guestimate the loan amount you may qualify for. You provide ...
How Positive Rent Payment History Can Help Long-term Renters Qualify For a Home Mortgage
Have you always paid your rent on time? If so, your positive rent payment history may be able to help when it comes to qualifying for your first home loan. Fannie Mae®, Freddie Mac®, and the Federal H...
Step 1: Determine If You’re Ready to Buy a House Are you excited about buying your new home? Know that preparation is a huge step that can save you a lot of time along the way. Rounded up below are ti...
How Important is Credit in the Mortgage Application Process?
Your Credit History Your credit report is a representation of your last seven years of financial activity. It shows lenders how you have managed past accounts and how you are currently handling debt. ...
Buying a House is Scary, But It Doesn't Have to Be
How to Handle the Anxiety of Buying a House Remaining mindful includes expecting a few bumps in the road as well as having to interact with different personalities. This includes real estate agents,...
The Comeback Is Always Greater Than The Setback
5 Reasons Why Your Home Purchase Offer Was Rejected To understand what could happen, or to learn more about why it may have already happened to you, let’s run through some of the common reasons why ...
7 Steps to Make an Offer on a House
1. Find Your Home Before you can make an offer on the perfect house you of course have to find it. With online home search tools, it’s easier than ever to search for properties at anytime during you...
The Difference between Big Banks and Private Lenders
In 2019, borrowers have more options when it comes to home loans than ever before. Traditionally, big banks have dominated the mortgage market. But increasingly, new homeowners are finding it easier a...
The Self-Employed Mortgage Access Act
The ranks of self-employed individuals are growing, leading to a greater awareness of the financial challenges facing people who are their own bosses. While companies that take advantage of "gig" hiri...