If you’re planning to buy a new home, you will need a preapproval. While they’re not mandatory, a preapproval is an assessment done by the lender to see what types of home loans you qualify for. There are different types of residential properties such as single-family homes, multiplexes, condos, and townhouses. Most mortgage preapprovals are … Continued

If you’re looking for a home, you may have heard the terms rate hold vs rate locks. While rate holds and rate locks are very similar, there are a couple of minor differences between the two. Rate Hold: A mortgage rate hold is essentially a guarantee by the financial institute that they will hold a … Continued