In 2018, mortgage pre-approvals are absolutely essential to the home buying process. Some real estate professionals won’t work with borrowers who haven’t been pre-approved for a mortgage. Sellers rely on pre-approval letters to help determine whether a potential buyer can actually make good on an offer for their home. Smart homebuyers get a pre-approval for […]
Does Bigger = Better When It Comes to Borrowing Your Mortgage?
The wisdom espoused by some real estate professionals (and occasionally by well-meaning friends and family) goes something like this: When buying a home, go ahead and spend every cent of what a lender is willing to finance for your mortgage. Homes are expensive. The more you are willing to spend, the more options you have. […]