Home Financing

The mortgage pre-approval is a critical step in the home-buying process, providing prospective buyers with a clear understanding of their borrowing capacity and signaling to sellers their seriousness and financial readiness. However, pre-approvals are not indefinite; they typically expire after a certain period, commonly between 60 to 90 days, depending on the lender’s policies. Understanding … Read more

When borrowers take out a home loan, they have to pay interest back on the money they borrowed. Let’s explore how interest and payments work with monthly payments on home loans. How Does Interest Work on a Home Loan? Interest is the fee a lender charges a borrower for using their money. When you take … Read more