Archive for July, 2013

Pre-Approvals vs. Pre-Qualifications in the Home Buying Process

While the exact meanings of the two terms vary by lender, one is far less desirable and less clearly defined than the other. Savvy home shoppers understand that prior to starting a serious home search, exploring the right mortgage options is crucial. 
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What’s Really Happening with Mortgage Rates?

Mortgage rates have become increasingly volatile in the current housing market. Pre-approved potential homebuyers are at risk for instant change in their ability to qualify. The question remains, should you lock in a mortgage rate? 
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