We’re seeing a new wave of younger millennial home buyers flood the market as we enter peak home-buying season. With interest rates at historic lows, now is the perfect time for younger millennials to purchase a home and start building equity.
A pre-approval is a process where a lender reviews your income, employment, credit and assets. After reviewing the credit qualifications, the lender will issue a pre-approval letter mentioning how much home loan you might qualify for.
the 5.1% week-to-week hike in mortgage applications has piggybacked largely on robust growth in the volume of refinancing.