When to Consider an Adjustable-Rate Mortgage (ARM)
There are many different types of mortgage products available to meet the needs of anyone buying or refinancing a home. There is one in particular that is surrounded by misinformation, and a lot of confusion: the Adjustable Rate Mortgage or ARM. ARMS are making a comeback after a downturn in popularity due to being the […]
Understanding the Mortgage Process
How Much House Can You Afford?
Prequalification vs. Preapproval
How Much Home Can You Afford?
When trying to figure out how much home you can afford, there are a lot of factors to consider. This article will walk you through some things to think about before you start shopping for your next home. Key Takeaways Your debt-to-income and housing expense ratios are key factors in determining how much money […]
The Difference Between a Prequalification and a Preapproval
If you’re shopping for a mortgage, you’ve likely heard the terms “prequalification” and “preapproval”, and are wondering how they differ. Many lenders use these terms interchangeably, but they are not the same thing. They are both actions a lender takes to determine how much money is appropriate to lend you. The difference lies in how […]