22 Nov 2024
By RESCO Realty

Why Getting Preapproved Before Your House Hunt Is Crucial

Home Tips, ,
Buying a home is one of the biggest financial decisions you'll ever make, and you want to make sure you’re as prepared as possible. Whether you’re just starting to browse homes or are ready to put in an offer, one of the most important steps you can take is getting preapproved for a mortgage. Not only does it streamline the home-buying process, but it also puts you in the best position to make a successful offer. Here’s why getting preapproved now, before you start your house hunt, can make all the difference. What Does It Mean to Be Preapproved? Preapproval…
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10 Aug 2023
By RESCO Realty

Will Pre-Approval for a Mortgage Hurt My Credit Score?

Real Estate, ,
Obtaining a pre-approval for a mortgage is an important step when you're planning to buy a home. It gives you an idea of how much you can afford, helps streamline the home-buying process, and strengthens your position as a serious buyer. However, many people worry that the pre-approval process might negatively impact their credit score. In this blog post, we'll dive into the details to determine whether or not a pre-approval for a mortgage will hurt your credit. Understanding Credit Inquiries To understand how pre-approval affects your credit, we need to discuss credit inquiries. When you apply for credit, such…
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30 Mar 2023
By RESCO Realty

3 Critical Tips for Buying a Home in a Short Sale

Real Estate, ,
You just found your perfect home, and you feel like everything is right including the price. But, what could be wrong with your ideal home? Maybe, it is being sold as a short sale, and that could present a major challenge if you want to become be the eventual homeowner. Short sales are different from other conventional real estate transactions since the property in question is usually listed at a price that is much lower than the amount of the outstanding mortgage debt. Unlike a regular sale, the homeowner must obtain permission from the lender before proceeding with the transaction.…
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