Sunday’s issue of the Daily Press highlighted key components to remember when qualifying to purchase a home: Pay less mortgage insurance – Talk to your lender about different loan types, downpayment requirements, and private mortgage insurance choices. Selecting the right products to fit your budget can help save money. Prequalification – Pick a lender who offers […]
Fannie Mae and Freddic Mac are looking to ease their loan qualification standards. What does this mean for buyers? Watch this great video produced by Frank and Brian with the National Real Estate Post for a breakdown of the pros and cons of lender products. Not only do they explain in easy to understand increments, but are […]
Zillow recently launched a new series of “What If” commercials, leading to the question “What if I could get preapproved in minutes?” After clicking the “Get Pre-Approved” tab buyers can enter information about income, monthly debt, and credit score. This populates a probable loan amount estimate. Buyers then have the choice of taking it a step […]