When applying for a home loan, avoid depositing large sums of cash, making large purchases, cosigning loans, switching bank accounts, and applying for new credit. Also, do not close any accounts. It's crucial to communicate changes with your lender to ensure a smooth loan approval process and seek their advice before making financial decisions.
Wondering how the Federal Reserve's decision impacts the housing market? Learn how inflation, mortgage rates, and affordability are connected, and what experts predict for the future. Stay informed with a trusted real estate advisor.
One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains:
While it’s exciting to start thinking about moving in and decorating after you’ve applied for your mortgage, there are some key things to keep in mind before you close. Here’s a list of things you may not realize you need to avoid after applying for your home loan. Don’t Deposit Large Sums of Cash Lenders […]
As you set out on your home buying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much
If you’re thinking of buying a home, you’re probably wondering what you need to save for your down payment. Is it 20% of the purchase price, or could you put
