A mortgage pre-approval letter in-hand takes the stress out of house hunting. Instead of wasting your time looking at homes out of your price range—or worrying about whether you qualify for a mortgage at all—being pre-approved for a mortgage means you can conduct your home search, and eventual purchase, confidently. But not all mortgage pre-approvals are … [Read more...] about What Is the Morty Pre-Approval? How Is It Different?
rate lock
What Is a Rate Lock?
Mortgage interest rates fluctuate daily, sometimes even from hour to hour. Market factors can send rates up one day and then back down the next. There’s no sure-fire way to know when rates will change – though there are plenty of finance professionals who dedicate their entire careers to trying to master the art of predicting when rates will go up or down. Wall-street types … [Read more...] about What Is a Rate Lock?
