Homeowners Come Out Ahead Over Renters
September 3, 2023
Despite higher home prices and larger mortgages, monthly housing costs are currently lower on average for homeowners than renters.
Despite higher home prices and larger mortgages, monthly housing costs are currently lower on average for homeowners than renters.
Buying a house is a significant decision with a big price tag. Saving for a down payment is crucial, but does conventional wisdom about down payments hold?
Getting a mortgage pre-approval offers hopeful buyers peace of mind that they have an approved loan.
It is important to note that full approval will be granted once the lender completes all evaluation processes.
When you think of the first steps in buying a home, you’re probably thinking about talking to a real estate agent and viewing homes, not getting a Mortgage Pre-Approval. However, the first steps should take place months before you speak with that Realtor, and it should be with your mortgage broker.
Recently, there has been a remarkable rise in appraisal valuations; in some cases, it’s even reached the purchase price or higher.
Despite higher home prices and larger mortgages, monthly housing costs are currently lower on average for homeowners than renters.
Buying a house is a significant decision with a big price tag. Saving for a down payment is crucial, but does conventional wisdom about down payments hold?
Getting a mortgage pre-approval offers hopeful buyers peace of mind that they have an approved loan.
It is important to note that full approval will be granted once the lender completes all evaluation processes.
When you think of the first steps in buying a home, you’re probably thinking about talking to a real estate agent and viewing homes, not getting a Mortgage Pre-Approval. However, the first steps should take place months before you speak with that Realtor, and it should be with your mortgage broker.
Recently, there has been a remarkable rise in appraisal valuations; in some cases, it’s even reached the purchase price or higher.
Contact us, and we would be happy to help. One of our knowledgeable mortgage agents can provide the expertise you are looking for.
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