What to Know About Government-Backed Loans in Minnesota
The center of the American dream rests on one thing, homeownership. When individuals picture the life that they consider to be a success, they imagine themselves on a front lawn with their newly purchased home behind them, maybe in a nice area of Minnesota. Homeownership feels like a significant stretch for many individuals. How do you go about […]
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
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
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 […]
How to Handle the Financial Aspects of Your Home Purchase: Insights from a Mortgage Lender in Eden Prairie, Minnesota
For some people, the financial side of buying a home in Eden Prairie can feel overwhelming— like you’re trapped in a never-ending calculus exam. However, if you have an expert mortgage lender in Eden Prairie, Minnesota they can guide you through the process. In addition to helping you find the lowest mortgage rate, your mortgage […]
Should You Hire a Mortgage Broker or Go Straight to a Lender? Insights from a Mortgage Lender in Alton, Illinois
When shopping for a mortgage, potential home buyers often wonder whether they should hire a mortgage broker or go straight to a mortgage lender. The answer depends on your financial position, willingness to deal with mountains of paperwork, and familiarity with the mortgage application process. Below, we’re going to discuss the advantages and disadvantages of […]
What Do Mortgage Lenders Look at in Your Home Loan Application? Insights from a Mortgage Lender in Granite City, Illinois
If you are shopping for a mortgage, your credit score is one of the first things mortgage lenders will look at — but it’s not the only thing. When deciding whether to approve a mortgage and setting an interest rate, mortgage lenders prefer to see an applicant’s complete financial profile. So, when working with a […]
Four Mortgage Facts You Should Be Aware Of: Insights from a Mortgage Lender in Eagan, Minnesota
Many people seem to believe that with record-low mortgage rates, now is the perfect time to take out a mortgage and buy a home. If you are one of these people, there are a few mortgage facts you should be aware of before getting started. This mortgage lender in Eagan, Minnesota is going to explain […]
How to Buy a House Online: Insights from a Mortgage Lender in Rock Island, Illinois
How do you go about buying a house in Rock Island, Illinois online without getting burned? The Illinois housing market is vibrant, and mortgage rates are low, making it somewhat challenging to buy a home in the Rock Island area at this time. Many buyers are making offers on houses before even seeing them because […]
What Are the Responsibilities of a Mortgage Broker? Insights from a Mortgage Lender in Janesville, Wisconsin
In the past, there was a lot less competition amongst financial institutions. But today, things have changed significantly. Homebuyers do not hesitate to compare creditors for obtaining the best interest rate on their mortgage. It has allowed mortgage brokers in Janesville, Wisconsin to secure a place in the marketplace. Although mortgage brokers have been around […]