Most of the standards that are followed by mortgage lenders are set by Fannie Mae and Freddie Mac, GSE’s or government-sponsored enterprises. Mortgages that meet all of these criteria are commonly referred to as “conforming” loans since they conform to the prescribed requirements. However, there are certain times when a […]
The Home Loan Process: Understanding the Difference Between Pre-Qualifying And Pre-Approval
Two of the most important steps when purchasing or financing a home are applying for pre-qualification and pre-approval. Not only are these essential to the home buying process, it’s important to understand how they differ which we’ve explained as follows: Mortgage Pre-Qualification This is the lender’s estimate of the amount […]








