washington dc home loans: What is a Mortgage Pre-Approval?
- 01/23/23 01:41 PM
The very first step in buying a home is making the decision that you’re ready to buy. The next step after that is determining how much you can afford and what your financing options are. Getting pre-approved by a lender will help you accomplish both of those. It will also help set you apart from other potential buyers, showing a seller that you’re serious about buying and have the ability to get approved for a loan on the home. Now that you know you need to get pre-approved, you’re probably still left with some questions. What does pre-approval entail? How long does the … (2 comments)
washington dc home loans: What is the Difference between Interest Rate and APR?
- 11/28/22 10:35 AM
When you're applying for a mortgage, you want to find the lender that will give you the best deal. 🕵️ But how do you know what that is? Check out our article that breaks down the difference between APR and interest rates to help you make the most informed decision! To get to a proper comparison, you have to compare apples to apples and oranges to oranges, as the adage goes. So, to help you in that endeavor, we’re setting out to tackle the difference between APR and interest rate. What is an Interest Rate?The interest rate on your loan is the annual cost you’re … (4 comments)
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The very first step in buying a home is making the decision that you’re ready to buy. The next step after that is determining how much you can afford and what your financing options are.
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