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Getting approved for a mortgage may feel overwhelming initially, especially since the requirements seem so strict, but it’s not as complicated as you think. The key is to be an informed borrower and know what lenders need to approve you…
Buying a home can be an exciting and fulfilling experience, but it can also be a complicated and daunting process, especially for first-time homebuyers. Here is what you can expect during the homebuying process: Determine Your Budget and Get Pre-Approved…
Most homebuyers think of a 30-year mortgage when buying a house. It’s the most common because it has the lowest monthly payment, but there is also a 15-year option some buyers may want to consider. Here’s what you should…
You’re pre-approved for a mortgage and can’t wait to become a homeowner, but there’s one big question. When is your first mortgage payment due? After closing on a house, making the down payment, and covering the closing costs, you likely…
When it comes to buying a home, there are two main types of mortgages to consider: FHA mortgages and conventional mortgages. Here are some key differences between these two mortgage types to help you decide which one is right for…
The home buying process can be an exciting, but daunting task. With so many steps and decisions to consider, it’s easy to feel overwhelmed. One of the most important roles in this process is that of a mortgage broker;…
You sign your mortgage disclosures and budget carefully for the mortgage payment stated on them. You’d think that’s your payment for the next 30 years, but suddenly, your mortgage payment has increased. What’s the deal? It’s true, your mortgage payment…
When you’re thinking about buying a home, you’ll most likely will need financing. Understanding how the mortgage process works and what you must do to get approved can make the home-buying process much less stressful. Here’s how the mortgage process…
Your home is an investment, but it might not feel that way when you write your monthly mortgage payment. However, every time you make a payment, you gain more equity in your home. This means you pay your mortgage balance…
It happens all the time. You get a mortgage approval, only to find out a few weeks later, you lost it. What gives? How could you lose approval after the underwriter provided it? It’s more common than you think, but…
