Mortgage Myths Debunked

Pre-qualifications and pre-approvals are the same thing. FALSE Pre-qualifications will give you an idea of what kind of loan you may qualify for and can typically be completed in minutes. This informal estimate may be just fine for those in the very early stages of the home buying process. Pre-approvals are more involved and are … Continue reading Mortgage Myths Debunked

3 Common Mortgage Myths

Mortgage Myths Are pre-approvals and pre-qualifications the same thing? If you are pre-approved are you guaranteed to close your mortgage loan? Do all mortgage loans require a 20 percent down payment? In today’s blog post, I hope to debunk a mortgage myth or three and help you better understand the mortgage process. Mortgage Myth No. 1 Pre-qualification and pre-approvals … Continue reading 3 Common Mortgage Myths

Mortgage Myths Debunked

There is a lot of misinformation floating around regarding mortgages. By debunking the following mortgage myths we hope to help new home buyers better understand and approach the home buying process. 1. Minimum Down Payment is 5% – There are a number loan programs available that allow home buyers to put down less than 5%. … Continue reading Mortgage Myths Debunked