mortgage rates: Pre-Qualified Vs. Pre-Approved What's The Difference
- 08/18/15 07:29 AM
What is Pre-Qualified Getting pre-qualified is the initial step in the mortgage process, and it's generally fairly simple. You supply a bank or lender with your overall financial picture, including your debt, income and assets. After evaluating this information, a lender can give you an idea of the mortgage amount for which you qualify. Pre-qualification can be done over the phone or on my user friendly website and there is no cost involved. Loan pre-qualification does not include an analysis of your credit or an in-depth look at your ability to purchase a home.
The initial pre-qualification step allows you to discuss any goals or needs … (2 comments)
mortgage rates: Mortgage Rates Jump to 6-Month High
- 12/10/10 05:55 AM
Mortgage rates rose for a fourth-straight week to reach a six-month high as yields on government bonds continue to rise. The average interest on a 30-year fixed loan hit 4.61 percent, up from 4.46 percent a week ago, Freddie Mac reported. Also, 15-year fixed loans averaged 3.96 percent, up from 3.81 percent last week; and rates for variable adjustable-rate mortgages floated higher as well.Source: Los Angeles Times, E. Scott Reckard (12/10/10) … (1 comments)
What is Pre-Qualified
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