Pre-Qualified vs Pre-Approved

What is the difference between being pre-qualified versus being pre-approved for a home loan? Pre-qualified is no more than a loan officer asking some questions regarding your income, debt, what you think your credit score might be, and what information might be on your credit report. And if it looks Read more…

Car or House?

Make sure you maintain a low debt-to-income ratio by avoiding large purchases. Because a large payment and balance can cause a significant decrease the amount of home that you can buy. Depending on your income, a $400 car payment can decrease your home purchasing power by many thousands of dollars.  Read more…