Getting approved for a mortgage is a crucial step in realizing your dream of homeownership. It’s a process that involves several steps, paperwork, and financial assessments. While it may seem daunting, understanding the process can make it much more manageable. In this blog post, we’ll walk you through the key steps involved in getting approved for a mortgage, empowering you to confidently embark on your homebuying journey.
Getting a Divorce… What To Do About The House?
Divorce can be a very difficult time, not only emotionally but also financially. If you and your spouse owned a home together, you may now be wondering how to go about splitting up this big asset.
How to Budget for Home Ownership
Many borrowers express concern about actually owning a home as opposed to the purchase process. What happens once you move in? How do you make sure you’re financially prepared? Here are some budgeting and finance tips to help you as you transition into home ownership.
Loan Terms Aren’t Universal
Many borrowers, especially first time buyers, think that their mortgage terms will be the same no matter who they choose to work with. In reality, this is far from the truth. There’s a reason the 45-day credit shopping rule exists. During this 45-day shopping period, the impact on your credit is the same no matter how many lenders you consult, …
Mortgage Myth: 2 years of Employment
Megan Woissol | November 23, 2022 Most people have heard that to get pre-approved for a mortgage loan, you’ll be expected to provide proof that you have had employment over the last 2 years. It might seem cut and dry, but there’s a few common myths we hear from borrowers that we want to debunk. MYTH: You must have been …
3 Ways to Get a Lower Mortgage Interest Rate
As things return to pre-COVID normal, many borrowers are fearful of rising mortgage interest rates and what that means for purchasing a home. Trusted economists and housing experts throughout the nation tend to agree that it is not expected for rates to drastically decrease. It seems now might be a great time for many buyers to take the leap and lock in today’s rates. And if you’re wishing for a lower rate than your qualifying rate, there are a few options.
Affinity Mortgage Brokers Now Licensed in 8th State, Georgia
November 4th, 2022 | Megan Woissol It’s official – we’re licensed in Georgia! Georgia is now the eighth state we have the privilege to be able to do business in. Though we’re headquartered in Colorado, obtaining licenses in other states is part of an overall commitment to client service. Whether we meet our clients here in Colorado or knew them …