There are numerous mortgage steps that are involved before a lender is ready to issue a home loan. Buyers could miss something during the process. Here, Realtor.com offers five essentials that many people don’t realize they need to obtain a mortgage. Pre-approval This is a commitment from a lender to provide you with a home loan of up to a
Once they’re retired, many older adults find they want to downsize or move to a new city. Many older adults find they want to downsize or move to a new city when they retire. This can be an exciting and challenging time to get a mortgage While lenders are prohibited from discriminating against loan applicants based on age, retirees still face
If you’re thinking about buying a home, you need a game plan. House hunting is about more than visiting a few open houses and choosing the house you like the best. A smart search means you’ll save time, money and your sanity during your home-buying process. Here, Realtor.com presents some classic mistakes to avoid. Not arming yourself with a mortgage pre-approval Sellers
Thinking of using a Federal Housing Administration (FHA) loan to purchase a house? If you have decent credit scores and low debt—but don’t have the 20 percent down payment—this government-backed loan will allow you to put down as little as 3.5 percent. But you’ll want to do your homework and weigh the pros and cons to determine whether an FHA
