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How Much Home Can You Afford?

Monday, June 25th, 2012

When you are ready to get involved in the real estate market, figuring out how much you can afford is one of the most important parts of the process. Many people go into the process of buying a house with unrealistic expectations. They think that they can buy a mansion on a minimum wage salary, and end up disappointed. Other people end up getting a house that is more than they can afford and it cripples them financially. How much home can you afford? There are a few different ways to find out.

Get Pre-Qualified

One of the best things that you can do in Read the rest of this entry »

Home Loans: Pre-Approval vs Pre Qualification

Wednesday, May 23rd, 2012

When buying a house with a mortgage, you have the opportunity to get the process started before you actually need a loan. Most banks offer the ability to get pre qualified or get pre-approved. While these two processes are similar, they are actually not the same thing and will provide you with different benefits.

Home Loans: Pre-Approval vs Pre Qualification

The big difference between pre-approval and pre qualification in the mortgage industry is in the level of fact checking that goes on. With a pre-qualification, you do not provide any specific details that can be verified by the mortgage lender. Continue Reading >>