Steps for Getting Pre-Approved

The pre-approval process is a crucial step in the home-buying journey! It involves a lender evaluating your financial situation to determine the amount of money they are willing to lend you for a mortgage. This pre-approval gives you a clear idea of your budget when house hunting and also demonstra

PMI: What is it?

    PMI stands for Private Mortgage Insurance.   It is insurance policy that lenders often require from borrowers to obtain on a (conventional mortgage loan) who make a down payment of less than 20% on their home. PMI protects the lender in case the borrower defaults on the mortgage. Key points

Difference between FHA and Conventional loans

When it comes to financing your dream home, there are various mortgage options available for homebuyers. Two popular choices are FHA (Federal Housing Administration) loans and conventional loans. While both serve the purpose of helping individuals purchase a home, it is crucial to understand the dif

Tips for First-Time Homebuyers

  Tips for First-Time Homebuyers: how to get that house.  Congratulations on embarking on the exciting journey of becoming a homebuyer! First-time homeownership can be an attainable goal for consumers who are organized and who do their research. Here are 10 money-smart moves that can put you