Category Archives: Home approvals

Pre-Qualifying for a Loan vs. Loan Pre-Approval

Getting a mortgage usually involves getting pre-qualified or pre-approved for a loan at some stage in the process. Although pre-qualification and pre-approval are both stepping stones to securing a home loan, they are actually quite different, and it’s important to … Continue reading

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How Does a Home Inspection Contingency Affect the Homebuying Process?

Although there is no single, national law governing home inspections during the homebuying process, home inspection contingencies are an essential part of the purchase contract in most states. This practice gives prospective buyers the freedom to make an offer and … Continue reading

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FHA: Fewer Home Approvals

The Federal Housing Administration suffered a 27% drop in market share from fiscal 2010 numbers. Department of Housing and Urban Development numbers show that while FHA refinance volume has increased by 9% since August, the 12% drag on purchase production … Continue reading

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