Since the first glimpses of the COVID-19 pandemic in the US, many of our Buyer and Seller clients have been reaching out to us with questions about the housing market—among the most common questions are those regarding interest rates for new mortgages and refinancing. In early March, there were many news headlines about the mortgage […]
Technical Definition of Pre-Approval: A mortgage pre-approval means a loan officer has looked at your finances—your income, debt, assets, and credit history—and determined how much money you can borrow, how much you could pay per month, and what your interest rate will be. So, what exactly is pre-approval? Simply put, pre-approval means that you’ve […]
A home equity loan is one which lets you borrow money using the equity in your property as collateral. Equity is the amount of money you’ve already paid on your mortgage. With this loan, you can borrow against the equity. What you do with the cash you receive is up to you. However, there are […]