The Ultimate Homebuyer’s Guide: Budgeting & Mortgages
Everything you need to know about setting a budget and getting a mortgage for your new home. After you’ve saved, cleaned up your credit, and done your initial research and set some guidelines for your search, you need to start thinking about financing. It might sound like you’re putting the cart before the horse, but understanding the steps to getting a mortgage and getting a pre-approval letter will give you a significant advantage over other buyers. Many sellers won’t even accept offers from buyers who aren’t pre-approved.
Understanding Mortgage Penalties
Lenders can charge penalties for both paying late and paying early.