What Are Mortgage Points and Are They Worth Buying?
You’re staring at the Loan Estimate from your lender, a dense, three-page document filled with figures and jargon that can make your head spin. As your eyes scan the columns, one line item in “Section A: Origination Charges” catches your attention: “Points.” The number next to it might be a few thousand dollars, a significant […]
“Pre-Qualified” vs. “Pre-Approved”: What’s the Difference and Why It Matters in Today’s Housing Market
So, you’ve been scrolling through listings, dreaming about that perfect kitchen, and picturing your future in a new home. It’s an exciting time! But as you move from dreaming to doing, you’ll quickly encounter two terms that sound suspiciously similar: mortgage pre-qualification and mortgage pre-approval. It’s easy to assume they’re interchangeable, just another piece of […]