All posts tagged: Pre-Approval

Pros And Cons Of Buying A Foreclosure

June 5, 2018 Mortgage Comments Off on Pros And Cons Of Buying A Foreclosure

When a homeowner stops making regular mortgage payments, the bank can foreclose on the property. This means that the bank takes possession of the property in an attempt to recover the debt the homeowner owes. In some cases, the bank may try to recover this debt by selling the property at auction. In other cases, the bank will simply list the foreclosed home for sale.

A Mortgage Pre-Approval Can Help You In Your Home Purchase Negotiations

March 29, 2018 Mortgage Comments Off on A Mortgage Pre-Approval Can Help You In Your Home Purchase Negotiations

A mortgage pre-qualification is an initial estimate of what type of mortgage a borrower could get. It is limited, though, because it’s only based on what the borrower tells the lender, which might not be the same as what the lender finds out when it goes through a full process of analyzing the borrower and his credit.

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