How to Get Pre-Approved for a Mortgage: A Step-by-Step Guide
Getting pre-approved for a mortgage is an important step in the homebuying process. It can help you determine how much you can afford to spend on a home, and it shows sellers that you are a serious buyer. Here's a step-by-step guide on how to get pre-approved for a mortgage.
What is a Mortgage? A beginner’s guide.
A mortgage is a type of loan that is used to finance the purchase of a property, such as a house or a condo. Mortgages are typically long-term loans that are repaid over a period of 15 to 30 years, with the property serving as collateral.
The Link Between Mortgage Rates and the Federal Reserve Rate
What is the Federal Reserve Rate and how does it impact Mortgage Rates? Why should I care, and what should I look for?