Need Mortgage Pre-Approval Before House Hunting?
A letter or pre-approval is a document showing how much a particular lender is willing to lend you. It’s not a guarantee or approval, but it’s an essential first step…
Housing
20 posts
Questions to Ask Mortgage Lenders Before Selecting One
Your house is likely the largest purchase you’ll ever make, so choosing a home loan is a critical decision. It’s wise to interview more than one lender before deciding which…
Is a 40-Year Mortgage Loan a Good Idea?
Stretching your mortgage loan out to 40 years might seem like a smart idea if you can’t afford a home otherwise, and for some buyers, this will be the best…
Strategies for Interviewing Potential Mortgage Lenders
If you’re like most people, your house is likely the largest purchase you’ll ever make. So, choosing a home loan is a critical decision. It’s wise to interview more than…
Know the Risks of a 40-Year Mortgage
While it’s possible today to stretch your mortgage loan out to 40 years, this option is only a good idea if there’s no other way for you to afford a…
Ten Questions for Your Potential Mortgage Lender
For most of us, a house is likely the largest purchase we’ll ever make, so choosing a home loan is a critical decision. Savvy consumers interview more than one lender…
The Pros and Cons of a 40-Year Mortgage
When it comes to mortgage loans, the longer the timeframe for pay-off, the lesser the monthly payment. For many years, 30 years was the maximum, but recently more lenders have…
Is a 40-Year Mortgage a Good Idea?
Stretching your mortgage loan out to 40 years might seem like a smart idea if you can’t afford a home otherwise, and for some buyers, this will be the best…
Understanding Mortgage Loan Lingo
There are few processes in life that feel as complicated as applying for and managing a mortgage loan. Just talking to a mortgage loan officer can sound like alphabet soup,…
Is it Difficult to Get a Mortgage Loan?
Unless you’re able to pay for a home in cash, a mortgage loan will be a key component of making your dreams of homeownership come true. However, not everyone will…