When you are selling your home For Sale by Owner or even with an agent, you’ll need to understand what kind of approval is provided with an offer. Many people get pre-qualification and pre-approval mixed up but they are entirely different as to how secure their financing is.
A conventional mortgage or conventional loan is any type of home buyer’s loan that is not offered or secured by a government entity.
Real estate appraisal, property valuation or land valuation is the process of developing an opinion of property value based on market statistics and property data
A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The basic intention of the VA home loan program is to supply home financing to eligible veterans. They also help veterans purchase properties with no down payment. A VA loan may be issued by qualified lenders….
An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. FHA insured loans are a type of federal assistance. These loans have historically allowed lower-income Americans to borrow money to purchase a home that they would not otherwise be able to afford. Because…