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.
Getting pre-qualified and pre-approved for a mortgage are both important steps in the homebuying process. While pre-qualification and pre-approval may seem intimidating, they don’t have to be! This article explains both and offers some background for your reference.
Down payment gifts, or mortgage gift funds, are increasing in popularity as more and more first-time homebuyers enter the market.