What do I need to get preapproved?

In our last blog entry we explained the importance of starting the preapproval process three to six months before you plan on moving into your new home. Preapproval will provide you with an accurate snapshot of your financial status and will give you an estimate of your budget for your home. In the preapproval process,…

Details

New Q&A Blog Series

Starting next week, we are beginning a weekly blog series that answers some of the most common questions about the mortgage process. We will address fundamental questions such as: When should I start looking to get preapproved?  How much down payment will I need?  What loan type is right for me?  Be sure to check…

Details

The Benefits of Refinancing

With the trend of record low mortgage rates lately, many more people are seriously considering refinancing their home. Refinancing is not for everyone, but there are big benefits for some people. For those in good financial standing, refinancing can be used to shorten the length of your mortgage and/or lower your monthly payment. Another good…

Details

The Importance of Preapproval

In today’s housing market, a letter of preapproval from your mortgage loan officer is very important when shopping for your new home. Many sellers and seller’s agents will only take a buyer seriously if they have obtained preapproval. Preapproval benefits both the buyer and the seller. The buyer is given a relatively solid estimate of…

Details