Tag: Mortgage

Your Mortgage Interest Rate can be Affected by These Factors
Posted on 07/07/2019
Your Mortgage Interest Rate can be Affected by These Factors
Mortgage interest rates have a remarkable effect on the overall long-term cost of buying a property through financing. Mortgage borrowers are looking for the highest possible rates while lenders have to manage their risk by charging interest rates. Borrowers with good credit histories and stable finances are those who can access a mortgage with lower interest rates. The...
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Mortgage Terminology: Prequalified vs Preapproved
Posted on 11/12/2018
Mortgage Terminology: Prequalified vs Preapproved
If you’re a first-time homebuyer, odds are you’ve thrown the words “prequalified” and “preapproved” interchangeably. However, when it comes to home loans, there are some very important differences between the two. For buyers hoping to purchase a home with a few missteps and misunderstandings as possible, it’s vital to understand the procedures involved in acquiring financing for a home....
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