Buying a home is a process with many steps. Practically anyone who has started that journey eventually contacted a Real Estate agent, and the question has come up: Have you been pre-approved? The homebuyer may have been pre-qualified by a lender and may think that it is the same thing. Unfortunately, pre-qualification and pre-approval are… Continue Reading
Lenders may use the terms pre-qualification and pre-approval interchangeably, but it’s generally understood that there are different levels of evaluation and approval available nowadays. Our goal is to make sure you understand what information your lender will be verifying and what assumptions they’re making when evaluating your financial scenario. What’s the Difference Between a Pre-Qualification… Continue Reading
Before we start talking about loan applications, I have a confession to make: I took a lot of shortcuts in getting our mortgage loan. See, when I was a Realtor, I made a lot of connections — a lot of them — and even though it has now been a few years since I surrendered… Continue Reading