When individuals secure a conventional mortgage without a 20% down payment, obtaining private mortgage insurance (PMI) is often a requirement. Typically mandated when the down payment […]
Key Takeaways: Mortgage pre-approval involves a hard credit inquiry, which may lower your score slightly. The impact is usually small (less than five points) and temporary. […]
A jumbo loan, or jumbo mortgage, is designed for homebuyers purchasing high-priced properties – whether that’s a luxury home in Charlotte or a condo in a […]
The mortgage industry can be complicated, and oftentimes homebuyers need to learn different acronyms and jargon when shopping for a home loan. PITI is one of […]
No matter the state of the housing market, buying a house is an expensive endeavor. Unless you’ve got a few hundred thousand dollars lying around and […]
When you’re house hunting, getting pre-approved for a mortgage is an essential first step. But how long does that pre-approval actually last? Whether you’re browsing homes […]