We all know how stressful purchasing a home can be. It’s important to have a brief knowledge of what you are getting in to before diving deep into the real estate market. Here’s the difference between pre-approval and pre-qualification, and how they effect you as a buyer. Today’s real estate market is a seller’s market,
It’s the beginning of a new decade, and with it comes many changes to home loans and mortgages. These changes are coming to many areas, but today, we will specifically focus on conventional and VA mortgages. Beginning January 1, 2020, big changes will take effect. Conventional loan limits will increase from $484,150 to $510,400. This
Purchasing a new home or business can be intimidating, to say the least. If not familiar with the loan process, one may have an endless list of questions. It is important to have someone you can rely on for your home loan or mortgage loan inquiries. We strive to be just that for people in
Choosing the right mortgage company when refinancing is imperative. Making a quick decision doesn’t always provide the best outcome. It’s important to have a clear understanding of what you are looking for when you set out to refinance your home. A great deal may not necessarily be all that it appears to be. In December
Preapproval is necessary for the home-buying process. In fact, it’s so necessary that realtors in the Colorado Springs area are hesitant to show a home to a potential home-buyer unless the borrower has already been pre-approved for a mortgage. Similarly, the pre-approval is involved in a mortgage application. You will provide detailed information on your