Just as the housing market has seen big changes in the COVID-19 environment when it comes to how we can or can't show homes, meet with out clients, etc. we are also seeing changes in the mortgage markets as a result of COVID-19. Here's what I've been hearing from some of my best Charlotte area lenders -- 9 changes you need to be aware of as they might very well impact your ability to get a mortgage or close on a home on time.
Are you planning on buying a home this year? Do you know the first step you need to take to show homeowners you are serious about buying is to get pre-approved for a mortgage before you do anything else! Getting pre-approved is one of the critical steps that will show home sellers that you are serious about buying and capable to do so. And it often helps speed up the process once your offer has been accepted. Besides, understanding your budget up-front will give you the confidence of knowing whether or not your … (38 comments)
Thinking about buying a home in the Charlotte area this spring/summer? Feel ready to buy a home? If you've answered yes to these questions, you still need to answer the question of whether you're "mortgage-ready" to buy a home.
8 Questions To Ask Yourself To See If You're "Mortgage-Ready:" What's my FICO credit score? If you've never checked, now's the time to do so. Your FICO credit score is a reflection of your history of paying other bills and debts on time. The higher your score, the easier it will be to qualify for a loan … (67 comments)
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