Mortgage Terms: What Is Loan-to-Value Ratio?
Did you know that about 2.38 million Americans became first-time home buyers in 2020? If you’re one of them–or you’re getting ready to buy a house in the next few years–you may have questions about how your mortgage works. One…
The Basics of Mortgage Pre-Qualification and Pre-Approval
Real estate experts advising home buyers to secure mortgage pre-qualification or pre-approval is pretty routine. Both are helpful tools that give sellers peace of mind and buyers a competitive advantage. But what exactly are pre-qualification and pre-approval? Furthermore, how do…