May 2019

Found 3 blog entries for May 2019.

What Differs Between Mortgage Approval and Prequalification?First-time home buyers may not understand the difference between a mortgage prequlaification and mortgage approval. At the end of the day, prequalification is not the same as being approved for a mortgage loan. While both are important to buying a home, one definitely holds more weight. How should a renter get started and what do they need to know about prequalification, preapproval and the mortgage application process?

Know which one is preferred by sellers. Understand more about mortgage prequalification and approval today.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

How Prequalification Works

A lender asks about a number of factors and may

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Home Buyer Guide: What Floor Plan is Right for You?The floor plan you choose when you buy a home will have a big impact on the way you live your life. Whether you're walking upstairs and downstairs all day long, cooking breakfast in an open space next to your living room, or doing your laundry on the same level where your bedroom is located, the floor plan can affect all day-to-day activities. Knowing which options are available and what the pros and cons are of each can help.

Multi-Story Home

A multi-level home usually has at least two floors, and some have more. Multi-story homes are romantic and beautiful. Many people like having their bedrooms upstairs, where it's private and quiet, and their living room downstairs where it's louder and more public.

People who have mobility issues

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Financial Considerations in the Mortgage Approval ProcessIt can be far too easy to get swept up into the idea of buying a home without knowing how to position oneself to get approved for a mortgage loan. There are a number of financial considerations applicants should be aware of before and during the mortgage application process. Some actions may inadvertently make it less likely for an applicant to be approved for a mortgage loan. Avoid these financial pitfalls when applying for a mortgage loan.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Don't Lower Your Credit Score

Some behaviors can serve to lower one's credit score. Do not apply for additional credit lines a short time before applying for a loan.

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