Ever since the economic halt took place due to Covid-19, many people have been considering refinancing their mortgage. Before you rush into any decision, there a few things you should consider. First and foremost, people normally refinance their mortgages because they want to switch to...
In the world of real estate, it is very common to hear the term prime rate. Many people are confused by this term. Prime rate refers to the lowest commercial interest rate charged by a bank at a particular time and it is used as...
We can never stress this point enough: get pre-approved for a mortgage before you begin looking for a home. This pre-approval will help you know how much you can afford. So, does a pre-approved mortgage mean you are guaranteed a final mortgage approval? Not necessarily....
You know by now how important it is to get pre-approved for a mortgage. You also know it can be difficult to accomplish due to the number of “items on the check list”. One of the many documents a lender analyses before agreeing to give...