Since most people finance their home purchases, buying a home usually involves applying for a mortgage. Here is some basic information to help guide you through the process. MORTGAGE PREQUALIFICATION VS. PREAPPROVAL Before applying for a mortgage, you’ll want to shop around and compare the mortgage rates and terms that various lenders offer. When you […]
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Making a Large Financial Commitment? Borrow or Pay Upfront?
For those who were raised in the Great Depression Era or raised by Great Depression Era parents, we sometimes have developed an aversion to borrowing money. Let us explore the benefits today of borrowing, versus paying outright for a large purchase (new home, second home, boat, vehicle, home improvements, or dare I mention, a very […]