New Home Buyer
Guides to terminology and process for buying a home.
You’ve Saved Up A Down Payment, You’re Pre-Approved For A #Mortgage, You’ve Found A Place You Love. Now, HEADS UP! There’ll Be All Sorts Of Extra Fees and Charges Coming At You. With This Handy Chart You’ll Be Prepared For The Hidden Costs That Come With Buying A #Home. -Review Journal #HomeBuyingTips More
The main difference between a pre-approval and a loan application is that there is no specific property when a pre-approval is issued. A pre-approval means that your mortgage consultant will gather all the necessary information to give you a full approval, subject to a successful appraisal… giving you the same negotiating strength as a cash buyer. It also means that you will be able to close your loan quickly and the seller can move into their new home faster.