Both pre-qualification and pre-approval help you see what your mortgage could look like and estimate how much house you can afford, but they have some important differences.
Home Loans
March 17 marks the annual celebration of Saint Patrick’s Day. The holiday honors its fifth-century namesake, Saint Patrick, Ireland’s shamrock-loving patron saint, who died on this date in 461 CE.
The hyde report features up to the minute real estate news & trends along with articles designed to help improve your real estate IQ
Retire Better With A Reverse Mortgage How Does A Reverse Mortgage Work? You remain the owner of your home and the title remains in your name as long as you live in the home as your primary residence, continue property maintenance, pay your property taxes and insurance, and do not otherwise default on the Reverse Mortgage.
Many home loan companies advertise extremely low rates but what you may be missing is that many times in the fine print they are quoting a rate that includes a buy down. So what is a mortgage rate buy down? A mortgage rate buy down is when a borrower pays an additional charge in exchange for a lower interest rate on their mortgage. Just like lenders can help cover the borrower's closing costs by charging...
When rates are low, it can seem like the ideal time to refinance your mortgage. After all, who doesn’t like a lower interest rate? There are lots of good reasons to refinance your mortgage, such as adding on or trying to streamline your expenses, but what’s really involved in the process? Mortgage Refinancing: The Basics Perhaps the best news any homeowner can get when it comes to a refi is...
Don't make a major purchase. This will change your credit score and possibly disqualify you from a mortgage. Don't change jobs unless it's absolutely necessary. A consistent work history is crucial to lenders. Don't give earnest money directly to a For Sale By Owner seller. Don't forget to switch utilities. Call the utility companies as soon as you have a contract. Don't forget to get Hazard...