Does Loan Pre-Approval Letter Guarantee you a mortgage?
Some of you out there looking for mortgages in Tampa Bay must be wondering whether or not a pre-approval letter guarantees you a mortgage. The short answer to this question is no. A pre-approval letter doesn’t guarantee you a mortgage. It simply gives you a chance of getting a mortgage. What is more important is […]
Understanding why you get a different interest rate from what was advertised
Your interest rate is not what you see online… While you must have been exposed to tons of mouthwatering mortgage advertisements on various forms of media, it would surprise you to find that these adverts are not as rosy as they appear. The explanation below helps clarify the situation. Exploring the process of interest rates […]
Why it’s not a good idea to start looking for a home without preapproval?
I hear a lot of buyers start looking for a home without getting preapproved for a mortgage. Of course, it doesn’t hurt to look online and get a general idea of prices and get a feel of the market. But if you are serious about purchasing a home it’s strongly recommended to get preapproved first […]
