Should You Get Pre-Qualified Or Pre-Approved For Your New Home Purchase?

Often times, home buyers can be disappointed when they find their dream home only to discover they are not able to get a mortgage to purchase the property. There are methods that potential buyers can use to ensure this does not happen to them. One of the options is to ensure you obtain a pre-qualification from your lender. It is important to understand the difference between a pre-approval and a pre-qualification. While both are helpful, they do not carry the same weight. What are the differences between these options? A pre-qualification allows a borrower to determine how much money they…
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Case-Shiller: Home Price Growth Continues

Home increased in October according to Case-Shiller's 20City Home Price Index. Home prices rose from September's annualized reading of 5.40 percent to 5.60 percent. Factors contributing to rising home prices include stronger economic conditions and outlook along with short inventories of available homes coupled with high demand. On average, October home prices rose 5.10 percent on seasonally adjusted annual basis, which was unchanged from September's reading. West Continues to Lead Home Price Growth Top home price growth rates were in Seattle, Washington at 10.70 percent, Portland, Oregon at 10.30 percent and Denver, Colorado with a seasonally-adjusted annual price increase of…
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