What’s the Difference Between being Pre-Qualified or Pre-Approved for a Mortgage?

Do you know the difference between being prequalified or preapproved for a mortgage? This short video reviews the importance of being preapproved.

If you are currently preapproved with a lender, I recommend making sure that your preapproval has been underwritten by a “human underwriter” and not just “AUS” (automatic underwriting i.e. a computer).  One way to make sure you have been fully underwritten is to ask your mortgage professional for the underwriter’s name…if they say “Fannie Mae” or “Freddie Mac” – that’s actually the automated underwriting system that lenders use. 😉

Being fully pre-underwritten not only helps to provide you with peace of mind with your loan approval, it also helps to expedite your closing AND may also help your offer be accepted over other offers with a weaker approval status.

If you have any questions or if I can be of any assistance, please reach out to me!

2024 Mortgage Rate and Real Estate Forecast


Spoiler alert! I (along with many others) predict that mortgage rates will be below 6% by the end of this year and that we’re going to see a very competitive housing market due to the lack of inventory. I don’t believe we will see home prices come down or a “correction” with home prices. It is so important to make sure that you are fully approved and have your offer structured correctly when you’re ready to buy a home.

Please check out my video for more information and reach out to me if you would like to create a strategy for purchasing your next home!

Mortgage Market Update for the week of January 22, 2024

Mortgage rates have been pretty steady lately. Check out my latest video for the details.

If you’re considering buying or refinancing your home, please contact me for mortgage rates based on your personal financial scenario.

Have a great week!

All Eyes are on the Fed [Live Post]

This morning we received some mortgage rate friendly news on the PPI (producer price index) showing that overall inflation was flat last month. This bit news is just hours before the Fed wraps up their two-day meeting and announcement on any movement with the Fed Funds Rate at 11:00 PST. Stay tuned! I will continue to update this post today. [Read more…]

Should You Wait to Buy A Home?

If you’ve been considering buying a home or if you’re a real estate agent who is working with clients who are on the fence about buying; please check out my latest resource page: Should You Wait to Buy a Home (mortgageporter.loans)

I have prepared various scenarios that compare renting to buying a home as well as a report on the cost of waiting.

Of course, I’m more than happy to prepare scenarios to help you decide if you should wait to buy a home now or rent. Please reach out to me if I can be of any assistance!

Credit Tips if you are considering Buying a Home (or Refinancing)

Are you considering buying or refinancing your home? You may be surprised at what you should and shouldn’t do. Some things that are common sense may actually not be the best actions if you’re planning on obtaining a mortgage in the near future.

Please check out my latest video with simple credit tips.

How Much Money Do You Need to Buy a Home?

Did you know that you don’t need a 20% down payment to buy a home? In this video, I discuss what funds are needed during the home buying process.

If you’re interested in buying or refinancing a home, please contact me!

Should you wait to buy a home or buy now?

Hear me out on my latest video and let me know if I can help you with your mortgage needs.