Last week’s financial and economic reporting included readings on sales of new and previously-owned homes, along with weekly data on mortgage rates and jobless claims.
3 Things That Will Absolutely Kill Your Chances for a Mortgage Approval
Avoid these three mortgage-killing habits while your lender evaluates your loan and you’ll quickly find yourself holding the keys to your new home.
Mortgage Interest Rate Versus APR: What To Know
When you go through the process of applying for a mortgage, you need to make sure you understand all of the terms on the page. Two of the most common numbers you will come across include the mortgage rate and the APR. Many people associate both of these numbers with interest rates, but you will probably notice that they are not quite the same. What are the differences between these two numbers, and how are they going to impact your mortgage loan?
Navigating A Market With Higher Interest Rate
Even though interest rates have gone up significantly during the past few months, there are still opportunities for you to find a home at a great price. The high interest rate can be discouraging for some people, but as long as you know how to navigate the market, you can still put yourself in a position to be successful.
Understanding Mortgage Pre-Approvals and How to Avoid Being Declined for One
How does a mortgage pre-approval work, and how can you make sure you won’t be declined when you apply? Here’s what you need to know.
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