Photo by Pixabay via Pexels Thinking of buying a home in the near future? You’re going to need a preapproval. This tells real estate agents that you’re serious about the home-buying process, and it alerts sellers that you’re a solid, low-risk candidate. Preapprovals aren’t always easy to score, however. And ...
Continue ReadingImage by Pete Linforth from Pixabay Property buyers today may think of a credit union as an alternative form of lending and ultimately meant for people who don’t fit the stereotypical borrower. But this assumption may a little unfair once you learn the facts. Credit unions present several unique opportunities that you simply ...
Continue ReadingMortgage lenders make money primarily through interest payments, which means many loans come with a mortgage prepayment penalty. And while not impossible to prepay your mortgage, it’s important to understand prepayment penalties and how they work. How penalties vary by lender Some lenders charge prepayment penalties for paying out the ...
Continue Reading