Pre-qualification and pre-approval both help you determine your search parameters and the amount of money you will likely be able to borrow for a mortgage.
Home is where your story begins. Home is the place you grow up wanting to leave and grow old wanting to come back.
It’s true that today’s persistently low inventory is offering sellers an advantage even outside the typical spring home-selling season, but there is more that smart sellers need to keep in mind when it comes to timing the market.
When it’s time to switch your holiday lights on, you’ll want to make sure that they’ve been assembled properly. A little preparation now will save you the potential hassle of restringing your lights later on – or more seriously, the potential hazard of a preventable winter fire.
In the simplest terms, home equity is the difference between what you owe on your mortgage and your home’s current market value. If you owe $100,000 on your mortgage and your home is worth $400,000, then you have 75% home equity. Conversely, if you have a remaining mortgage balance of $300,000 on your $400,000 house, you have 25% home equity.
Planning to sell your home? Take note of a few things beforehand. Even the tiniest drip of a faucet, a stuck drawer, or a squeaky set of stairs can deter buyers.