[…] The prequalifcation stage may consist of obtaining rate quotes from various lenders and providing lenders information […]
On Are you really preapproved or just prequalified for a mortgage? Part 1
[…] not. Depending on when your closing date is, you may or may not want to lock in your rate.…
On Mortgage Interest Rate Locks 101: UPDATED
[…] Some home buyers might opt for a Letter of Loan Commitment over a preapproval letter – this is basically…
On What is the difference between a Preapproval Letter and a Loan Commitment Letter?
[…] 30 year fixed: 4.125% (apr 4.255%) priced with 0.810 points. This is an improvement of 0.227 in fees/points compared…
On What May Impact Mortgage Rates this Week: July 14, 2014
Great Article! It's a bit old but I'm hoping the information is still current. Today I rejected working with someone…
On Is Your Mortgage Originator Licensed or Registered
Hi, I am divorced and re married. After my divorce I bought a house on my own which I have…
On Is it a Primary Residence, a Second Home or Investment Property?
[…] House Key Opportunity […]
On It’s Official: Washington State Bond Mortgage Program has funds!
[…] large deposits on bank statements has been a royal pain in the behind for many borrowers going through the…
On 5 Ways to Derail Your Loan Approval
[…] underwriter may still require proof of deposits in order to make sure the funds are not borrowed. Gift funds…
On Gifts from the Bank of Mom and Dad – Part 2: Conventional Financing
[…] 30 Year Fixed 4.250% (apr 4.329%) priced with 0.206 points. NOTE: This pricing is improved by 0.395 points compared…
On What May Impact Mortgage Rates this Week: July 7, 2014