Tag: Prequalification

Posted on 11/29/2020
Buyers: Preapproval vs Prequalified Letter
Photo by Lukas from Pexels If you're ready to get serious about your home buying journey, one of the first steps is seeing various lenders. As you become more familiar with the process, you'll likely hear the terms preapproval and prequalified mentioned again and again. We'll look at how each letter works and what you should know before...
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Posted on 08/18/2019
What to Know When Applying for a Bank Mortgage
Few people can save up the cash required to buy a house. If you're contemplating buying your first house, your first stop will probably be your local bank to inquire about a mortgage. When you talk to the mortgage officer, they will ask you to provide several documents. Various documents will be required at different stages of the...
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Posted on 08/11/2019
Mortgage Qualifications for the Self Employed
While working from home and making your own schedule, either freelance or as a contract worker, allows for a particular type of freedom and control of schedules, a dress codes, income limitations, and your life, when it comes to qualifying for a mortgage, your 1099-MISC status comes with some drawbacks. The so-called “gig-economy” places workers squarely in the...
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