what is a pre-approved mortgage

How to Get Pre-Approved for Your Mortgage

Once you have made the decision that homeownership is right for you, you may feel inclined to rush out and start your search for the perfect home right away. But mortgage experts advise a different approach. You may be better off to get pre-approved for a mortgage loan before home shopping. Think of it as […]

what is the draw period on a HELOC

If you thought the housing bubble was behind us, think again. A new home loan financial storm is brewing and most of us are clueless about it. This article looks into home equity lines of credit and how they could trigger the next financial crisis. Back in July 2014, the Federal Reserve, the Office of […]