Six steps to prepare for a mortgage pre approval
Being approved for a mortgage can be complicated, but with the right preparation, you can simplify the process. It’s all about knowing what’s involved, what to expect, and taking action to correct any outstanding issues. Here are the 6 steps to set yourself up for mortgage pre approval and a smooth journey towards homeownership:
7 Things You Must Prioritize When Buying a House
When it comes to buying a house, you’ll need to rearrange your priorities to achieve this goal. This means you’ll need to say no to frivolous purchases and dedicate yourself to delayed gratification and self-discipline during the process. Here is a list of 7 things you must prioritize when buying a house..
What is the Difference between Homeowners Insurance and Title Insurance?
When it comes to insurance for your home, you are going to need two different types. You are going to need homeowner’s insurance and title insurance. These are totally different and protect you and your home in different ways.
How Long a Gap in Employment is Too Long?
If you have a gap in employment, you may be worried that you will not be able to get a home loan. Knowing how long a gap is going to cause problems is important when you go into the loan buying process. Lenders may also take into account why the gap in employment happened.
What do Loan Officers Look for When Pre-qualifying You?
The pre-qualification process can help you to discover other factors that disqualify you from obtaining a mortgage. These other factors aren’t always obvious, especially if you are a first time home buyer who had never obtained any home loan before.
What Is An Appraisal Waiver And Is It Right For Me?
An appraisal waiver gives qualified home buyers the option to decline to have an appraisal done on the property they are purchasing. Instead of a traditional home value evaluation that is done by a local appraiser, the lender will use computer calculation programs and previous home value information to determine the value of the property.