Mortgage Rates Dropped. Can I Use a Float Down Option?
A mortgage rate float down gives you the best of both worlds: you can lock in your rate with a chance to lower it if rates fall.
April 16, 2024 5 MIN
A mortgage rate float down gives you the best of both worlds: you can lock in your rate with a chance to lower it if rates fall.
What if the next time you get a mortgage, you supply almost no documentation? That could be the new reality thanks to direct verification tech taking hold in the mortgage industry.
Many applicant can't get approved for enough of a mortgage to buy a house. But a fortunate set have the opposite problem. What to do if your mortgage lender pre-approves you for "too much."
On a scale of 1 to 10, how hard is getting approved in today's market? We score each aspect of the process.
Upcoming maternity or paternity leave can interfere with your homebuying plans. How to navigate the situation.
Do you fear rising rates while shopping for a home, potentially pricing you out of the perfect property? Introducing so-called "lock and shop" programs.
Homebuyers don't have to use the lender they received a pre-approval from. But, it can be risky to change. How to navigate this task.
Mortgage pre-approvals are typically good for 90 days, but other milestones can affect them, too.
A HELOC can help you pay an ex-spouse's share of equity without selling the home.
You're pre-approved, but something changes with your financial picture or the lender made a mistake initially. What do you do next?
