Archive for Pre-approval

What did 2021 tell us about buying a home?

If I was to look back at 2021 and come up with what gave most prospective homeowners the edge they need to close a deal on a home I would give you these ideas.

  1. Competitive Offers Close Deals

Just like …

Appraisal Gap Options for Buyers and Sellers in a High-Demand Market

Today’s purchase market is like one we have never seen. High demand and low inventory are driving purchase prices well above the list price. With this demand, buyers are paying more than the appraised value.

If an appraisal comes in …

How to Navigate the Bidding Wars When Buying a Home! Part 2

Do your homework

Start looking at listings online, even if you aren’t quite ready to begin the process yet. It will give you an idea of neighborhoods and home types you like that are within your budget.

Get educated!!  Start …

How to Navigate the Bidding Wars When Buying a Home! Part 1

This is Part 1 of 2 on how to navigate the bidding wars when purchasing a home.

The pandemic has shown individuals and families that they need more space to “work from home” (WFH).  More Americans see the value of …

Private Mortgage Insurance and Your Credit Score

Here at EducateHomeBuyers.org we work to provide you with the most current information on purchasing, selling and refinancing your home.  Our objective is to help you make smarter financial decisions.

Private Mortgage Insurance, or PMI, is something that few homebuyers …

The Five Reasons Your Credit Score Can Drop!

Many of us are working to build our credit scores, but what is often overlooked are the actions you take that ding your score, even if you were doing something you thought was positive.Credit You got this

The good news is that many …

What is the Difference Between Pre-Qualification and Pre-Approval When Buying a Home?

Buying a home as an investment in your future

The terms “pre-approval” and “pre-qualification” for a mortgage are different, although some lenders use the terms interchangeably. Both can help you get started with your home buying, but are useful at different points in the process.   Pre-qualification is solely based …