Loans & Mortgages

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Pre-Approvals

Buying a home is one of the most exciting milestones in life; however, before you start looking at every house in search of your dream home, there is a crucial first step that can set you up for a successful purchase: getting Pre-Approval. A Pre-Approval can help you understand what you can afford and show sellers that you are a serious, well-qualified buyer. In this article, I will explain what a Pre-Approval is, why it is important, and how the process works.

Arms & Balloons

There is often some consumer confusion regarding balloon and ARM or adjustable type mortgages. Let’s start with the most common type of mortgage, and this is a 30 year fixed. 30 year fixed mortgages are what most consumers in the US use when borrowing money, this accounts for around 90% of all mortgages currently. In case you are wondering the average 30 year mortgage rate in the US last week was 7.02%. A lot of us, myself included, were really hoping for a noticeable drop in rates by now from what we’ve seen over the last couple years.

Not Starting Over When Your Refinance

With rates dropping, refinancing could be your chance to lower payments and save big. What if you could shorten your loan term without raising your rate? Click to see how this simple change could help you pay off your home faster and save on interest.

Dale Kleffman

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January 11, 2025