Conventional vs FHA
Introduction The main difference between a conventional mortgage and an FHA (Federal Housing Administration) mortgage is the entity that backs the loan. A conventional mortgage is not insured or guaranteed by the federal government, whereas an FHA mortgage is insured by the government through the Department of Housing and Urban Development (HUD). These different entities […]
Navigating the Pre-Approval Process
Introduction Buying a home is an exciting milestone, but it can also be a stressful and overwhelming process. The first step in the home buying process is getting pre-approved. Pre-approval can give you a clear idea of what you can afford, help you to narrow down your search for a home, and make you a […]
Shop Mortgage Rates or Loan Officers?
Introduction While shopping for mortgage rates is important, it is not the only factor to consider in the mortgage process. The right loan officer is arguably more valuable. keep in mind that there is a right time to shop for rates if ever at all (not at the pre-approval stage). If you shop prior to […]
Tips for First Time Homebuyers
Introduction As a first-time homebuyer, it’s important to be prepared for the home buying process. This is likely one of the biggest financial decisions you’ll make in your life, and it can be a complex and time-consuming process. By taking the time to prepare and educate yourself, you can help ensure that you make a […]