by sgomes | Jun 28, 2024 | Finance, Housing, Mortgage
Earnest money is a deposit made by the buyer upfront when purchasing a home. It is often referred to as a good faith payment, demonstrating to the seller your serious intent to purchase the property once certain conditions are satisfied. To safeguard the deposit, a...
by sgomes | Jun 21, 2024 | Finance, Mortgage
As you probably know, your credit score plays a crucial role in your ability to buy a home. But most people don’t know how much it impacts their monthly payments and the total amount they’ll spend on their mortgage. Not only does it help you qualify for a mortgage,...
by sgomes | Jun 13, 2024 | Finance, Mortgage
Your FICO credit score is important when considering buying a home. High scores can qualify for loan packages with lower interest rates, which can increase your borrowing power and lower your monthly payments. If you have a less-than-perfect credit score, you still...
by sgomes | Jun 7, 2024 | Finance, Mortgage
When it comes to obtaining a mortgage, it’s important to understand the difference between getting pre-qualified and getting pre-approved. While these terms are often used interchangeably, they actually refer to two distinct steps in the loan approval process....
