Pre-Qualified vs. Pre-Approval…do you know the difference?

Know the difference Many potential borrowers still get drawn into the mistaken perception that once a lender issues them a Pre-Qualification for a mortgage, this means that they have been approved for a home loan. Most home buyers fail to make the proper distinction between being Pre-Qualified for a mortgage and being approved for one. …

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Central bankers meet but aren’t skiing in this week’s Markets in a Minute!

Central bankers meet but aren’t skiing in this week’s Markets in a Minute! Rates may be quiet, but housing stats are making moves. Check it out!   Here is a quick overview of this week’s Markets in a Minute Economy: Mortgage rates stable do to little economic news this week. Low inflation remains a concern.  Fed …

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