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How to apply for a mortgage: The complete guide

Before making a home offer, securing mortgage financing is crucial. Mortgage prequalification is a basic financial review, while preapproval involves detailed verification and carries more weight with sellers. Preapproval requires extensive documentation, including...
Mortgage Rates Drop: Homes Still Climbing?

Mortgage Rates Drop: Homes Still Climbing?

Slide 1 Homes are finally more budget-friendly—median price $385K, up $9K since last year! Slide 2 Mortgage rates dropped 0.7% since May—your dream home might cost less now. Slide 3 Inventory jumped 18%—more homes to choose from than any November since 2015! Slide 4...

How to Calculate the Break-Even Point on a Mortgage Refinance

Refinancing a mortgage can lead to savings, but it requires upfront costs that may take years to recoup. To determine the break-even point, add total refinancing costs and divide by monthly savings. Common reasons for refinancing include securing a lower interest...

All About How To Shop For A Mortgage: 11 Steps

When shopping for a mortgage, it's essential to prepare your finances by reviewing your credit score, calculating your debt-to-income ratio, and assessing your savings for upfront costs. Determine how much you can afford, including down payments and ongoing...