If you’re getting ready to buy a home, one of the first things you’ll hear is that you need to get preapproved. But what does that actually mean — and how is it different from being prequalified? And what about a loan commitment letter, or being pre-underwritten?
These terms get used interchangeably, but they are not the same thing. The difference matters — especially in a competitive market where sellers are evaluating the strength of every offer on the table.
Here’s a simple breakdown of each level and what to look for. [Read more…]
Credit score is one of the first things buyers worry about when they start thinking about a mortgage — and for good reason. It affects what programs you qualify for, what interest rate you receive, and in some cases how your entire application is evaluated. But the relationship between credit score and mortgage qualification is more nuanced than most people realize, and it’s changing.
Low-Down-Payment Programs, Renovation Loans & Down Payment Assistance Options
Fannie Mae (conventional lending) recently changed their underwriting guidelines to no longer factor in credit scores for underwriting approval!
In today’s digital world, protecting your personal and financial information is more important than ever. One of the most effective ways to safeguard yourself against identity theft and fraudulent activity is by freezing your credit. Whether you’re 
