What Happens After I Get Pre-Approved for a Mortgage? 12 Steps
Going from a pre-approved home shopper to official homeowner isn't as complex as you might think. Here are 12 steps to follow.
December 5, 2023 4 MIN
Going from a pre-approved home shopper to official homeowner isn't as complex as you might think. Here are 12 steps to follow.
Bank statements are one of the most scrutinized documents in the mortgage process. It's worth checking them for these issues before you send them to your lender.
Waiving escrows means you don't have to pay taxes and insurance with your mortgage payment. Is this a good idea or too risky?
Getting the keys to your new home doesn't always happen on the closing day. When and how to get your keys.
Private mortgage insurance, or PMI, is likely the least understood aspect of homebuying.
Far Rockaway Village in New York is the kind of housing Fannie Mae wants to invest more in: Homes that low-income people can afford in their own neighborhood.
Construction data shows outlying counties of smaller metro areas experienced a 20.7% growth rate. Somewhat more dense small metro core areas posted a smaller 15.7% annual growth rate.
Mortgage rates are incredibly difficult to predict. But if history is a guide, rates could be on their way down.
ARMs are looking better and better after 30-year fixed rates touched a 20-year high.
Whether mortgage rates decline or by how much remains unknown and depends largely on how many hikes the Fed will make in its drive to curb high inflation.
“A surprising bounce back in new-home construction is welcome,” said Lawrence Yun, chief economist of the National Association of Realtors.
Conventional loan limits officially increased to $766,550 for 2024. See how the overseer of conforming loans, FHFA, arrived at this number.
FHA loan limits for 2024 have increased to $498,257. See how new loan limits can help you buy a better home.
Don't wait until you find your dream house to check your credit reports for errors.
Having a good credit score gets you a better mortgage interest rate, lower fees and, if you have less than a 20% down payment, cheaper PMI.
