Frequently Asked Question
Am I Ready To Become A Homeowner
- You have enough money for a down payment. So you’ve scrimped and saved, and finally have enough money for a down payment.
- You’re prepared to take care of a home.
- You’re sick and tired of throwing money away on rent.
- You’re ready to stay in one place for a substantial amount of time.
- You have good credit.
Is Renting Or Buying Better
Fast-rising home prices and higher mortgage rates have made it cheaper to rent a home than buy and own one. Renting and reinvesting the savings from renting, on average, will outperform owning and building home equity, in terms of wealth creation.
What is Pre-Approval
A pre-approval is a preliminary evaluation of a potential borrower by a lender to determine whether they can be given a pre-qualification offer. … Pre-approval marketing can provide a potential borrower with an estimated interest rate offer and a maximum principal amount.