Prequalify, Preapprove – What’s the Difference?
Posted on Jan 7, 2020 in Blog, Financial Tips, Newsletter Article
Some mortgage terms can be confusing, none more so than the similarities and differences between prequalification and preapproval. The two terms are often used interchangeably, but they mean very different things to lenders, real estate professionals and home sellers.
How to Challenge Higher Property Taxes
Posted on Dec 14, 2019 in Blog, Financial Tips, Home Ownership, Newsletter Article
According to the National Taxpayers Union, between 30% and 60% of taxable property in the United States is over-assessed, yet less than 5% of homeowners appeal their assessments.
Appraisals Can Protect Buyers, Sellers and Lenders
Posted on Jul 7, 2019 in Financial Tips
Seeing something with one’s own eyes is the best way to make an evaluation. That’s the purpose of bank appraisals, which are designed to protect banks from over lending, homebuyers from over-borrowing, and home sellers from overpricing their homes.
Your Mortgage Loan Application Checklist
Posted on May 28, 2019 in Financial Tips
When you apply for a loan, the lender will require the answers to certain questions and for you to provide specific documents. This is to make certain you’re put into the correct loan product, FHA, VA, Conventional, or other.