Mortgage

Finding the right home and the right mortgage can take a lot of time and energy, so it's important to consider whether you'll be prepared for approval before diving into the process. Whether you've had some financial setbacks or you just want to have an idea ahead of time, here are some ways to quickly determine if you'll be pre-approved for a mortgage. Do You Have A Down Payment? You may have heard that the ideal down payment amount is 20% of the cost of the home, but this doesn't mean you have to have this amount. However, it is…

There are so many details involved in the mortgage process that you may not be aware of what pre-approval is if you've just entered the market. However, pre-approval assesses your ability to make monthly mortgage payments and can be an important first step in the home-buying process. If you're currently contemplating a home purchase, here's why you may want to consider pre-approval first. Improved Agent Attention It may be a lesser-known fact, but it's often the case that many real estate agents will not spend the time or put significant effort into a homebuyer that has not been pre-approved for…