Preapproval vs. Prequalification

preapproval vs. prequalification

Are you starting the homebuying process, but you aren’t sure about the difference between preapproval and prequalification? Have you received a preapproval letter and want to know what to do now? If this sounds like you or someone you know, it is important that you learn the differences between the two terms. While preapproval and […]

Obstacles to Avoid When Closing on Your Berwyn, IL Home Loan

obstacles to avoid when closing on your berwyn, il home loan

After the long house search, you have finally found a perfect property on sale in Berwyn. You’ve even made an offer and provided the mortgage preapproval documents. You’re feeling confident about this real estate deal, and you don’t see anything going wrong. What you don’t realize is that your home loan may fall through last […]

Guide to Private Mortgage Insurance for your Johnston, IA Home Loan

guide to private mortgage insurance for your johnston ia home loan

When buying a home, there are all sorts of costs that you’ll be expected to pay overtime. Not only will you have to pay your mortgage, but property taxes and home insurance as well. Depending on the circumstances, you might even have to pay private mortgage insurance. You might be wondering what private mortgage insurance […]