Home Buying | Blog

Friday, February 16, 2024   /   by Joyce Dungca

Achieve Your Dream of Homeownership with Condos and Townhomes

Some Highlights

If you’re trying to buy a home but are having a hard time finding something in your budget, here’s something that can help: consider condos and townhomes.
They may better fit your budget, can help you start building equity, and tend to require minimal upkeep and less maintenance.
Looking at condos and townhomes can make it easier to find and buy a home. When you're ready, let’s connect. ...

  buyers, home owners, home buyers, home buying

Wednesday, February 7, 2024   /   by Joyce Dungca

Why Pre-Approval Is Even More Important This Year

On the road to becoming a homeowner? If so, you may have heard the term pre-approval get tossed around. Let’s break down what it is and why it’s important if you’re looking to buy a home in 2024.
What Pre-Approval Is
As part of the homebuying process, your lender will look at your finances to figure out what they’re willing to loan you. According to Investopedia, this includes things like your W-2, tax returns, credit score, bank statements, and more.
From there, they’ll give you a pre-approval letter to help you understand how much money you can borrow. Freddie Mac explains it like this:
“A pre-approval is an indication from your lender that they are willing to lend you a certain amount of money to buy your future home. . . . Keep in mind that the loan amount in the pre-approval letter is the lender’s maximum offer. Ultimately, you should only borrow an amount you are comfor. ...

  pre-approval, mortgage rates, home owners, home buyers, home buying, credit score, home search, home buying process