Pre-approved home loan

Home buyers, and especially first-time buyers, would like to be in the best position to make their purchase once they have identified their dream home. The most challenging aspect of home ownership is invariably financing. Questions like which lending institution to approach, what loans should be applied for, how much loan to be applied for […]

Many of the mortgage professionals call a pre-qualification a pre-approval when this is not the case. When you visit a mortgage professional, they will either pre-qualify or pre-approve your mortgage application. These two terms have become interchangeable through the years and that is unfortunate for many borrowers. First time property buyers often get confused of […]