Category: EB Mortgage - page 12

Tips for an Effortless Mortgage Pre-Approval

Before you start shopping for a home, it’s essential to get pre-approved by a mortgage lender to get a concrete idea of the loan amount, interest rates, and available loan programs. A pre-approval is different from a pre-qualification. The pre-approval process involves gathering information (income and asset documents along with a credit report) to confirm..

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Locking vs Floating a Mortgage

The age-old question of “Lock or Float?” is typical in the mortgage industry. Mortgage brokers get asked this question frequently by first-time home buyers. The answer to this question will determine the mortgage rate borrowers ultimately receive. Interest rates dictate monthly payments for up to 30 years (without refinancing), so this option should not be..

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The Biggest Advantage of Homeownership

Home is where your heart – and your wealth – is. The benefits of homeownership are vast; there are numerous financial aspects, but the wealth creation is the most significant. Forming household wealth begins with homeownership. According to Freddie Mac, “Homeownership has cemented its role as a part of the American Dream, providing families with..

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Five Fun Mortgage Facts

The process of obtaining a mortgage can be daunting and time-consuming. However, for the amount of work involved – the reward in getting your mortgage pays off in the end. We’ve compiled a few fun facts about the mortgage process to give yourself a break from the daily grind. Read on! ‘Till Death Do Us..

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