Posts with tag 'how to get a mortgage'

You're ready to take a big step forward and search for the home of your dreams. Now comes the big question: Where do you start? In many cases, successful home buyers start their journey not at an open house or showroom, but in a lender's office. Securing a mortgage preapproval is...

Thinking of purchasing a home? "This is the largest financial decision you'll probably ever make," says Esther Phillips, senior vice president of sales at Key Mortgage Services. One of the most important things you can do as a first-time buyer is to educate yourself on the ins and outs of financing. For buyers, there are many different types of loan options out there, each with unique advantages and drawbacks. As a buyer, what types of mortgage loans are available to you? And which type of loan will help put you in the best possible position to achieve your long-term financial goals?

Mortgage lenders suffered staggering losses when the market declined, and many have since closed. Those that have survived have created thorough guidelines to eliminate any potential risk. While home buyers no longer need perfect credit and a big down payment to guarantee a loan, they need to be prepared to reveal every aspect of their financial life in order to be approved.

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