You’re tired of renting. You want to settle down and plant some roots. You need a bigger backyard for your furry friends. All are excellent reasons for wanting to buy a home. But do all these reasons mean it’s the right time to buy?
If you’ve just started learning about mortgages, you’ve probably seen terms like APR, PMI, and DTI pop up. There is a lot to learn when it comes to mortgages, but mortgages don’t have to be confusing!
Ready to apply for a mortgage and start looking for your dream home? Let’s make sure you’ve navigated the first steps: understanding mortgage rates, learning the loan types, and reviewing the steps in the loan process.
What happens after pre-approval? Words like underwriting, insurance premiums, and closing begin to pop up in conversation, and you might be wondering what all these terms mean. We’ll walk through them step by step.
The terms pre-approval and pre-qualification can mistakenly be used interchangeably. But be careful! The two mean very different things.
