How does a lower mortgage rate save you money? According to Trading Economics, the average new mortgage size in the United States is currently around $410,000.2 Let’s compare a 5.0% versus a 6.0% fixed-interest rate on that amount over a 30-year term.
What happens in the mortgage loan process after you get pre-qualified and have found a house to buy? Getting a pre-qualification is not exactly what it sounds like. Most people think this is all I need to buy a home. Pre-qualification is just a quick look at your credit and income to see if you canContinue reading “Im Pre Qualified and Found a House Now What? By Todd Mowry-Local Orlando Realtor”