What's the Difference Between a Mortgage Pre-Approval and a Pre-Qualification?
One will help you buy a home, and the other will get you laughed out of an open house.
October 13, 2022 5 MIN
One will help you buy a home, and the other will get you laughed out of an open house.
When you apply for a mortgage, anything you say or do could derail your homebuying efforts. Proceed with caution.
Lenders now have the time to spend on a loan file that needs a little more TLC, since they're no longer flooded with 800-FICO-score, 20%-down loans.
Cash-offer startups like Ribbon and HomeLight are facing competition from traditional lenders in search of homebuyers.
Jumbo borrowers might be surprised at how little some lenders require for a down payment.
ARMs can save new homeowners serious money, but they're not for everyone.