5 Scams Targeting New Homeowners
Buying a home is exciting. However, scammers may try to use your excitement and inexperience against you. Watch out for these attempts to defraud you.Partner CompaniesBe wary if you receive a letter from a company claiming to be a partner or associated with your mortgage lender wanting additional in
Understand the Difference Between Prequalification and Preapproval
Have you been prequalified for a mortgage loan? Or preapproved? Are they the same?While both are steps in reaching homeownership, they have different meanings.What’s Prequalified?Prequalification is an informal process. You describe your financial situation—debt, income, and assets—and the lender es
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