As states start to lift restrictions, more people are resuming their search to buy a home. Mortgage Bankers Association’s Purchase Index shows the sixth consecutive weekly increase in purchase applications and a jump of 54 percent since early April. While new home sales also rose in April, seeing a gain of 0.6% from March according to the Commerce Department.
Topics: homebuyer, homebuyers, mortgage loans, pre-approved, pre-qualified, pre-approval, COVID-19, coronavirus
Which comes first?: Getting pre-approved and then searching for a home? Or, searching for a home and getting pre-approved once you found the home you love?
If you said getting pre-approved and then searching for a home, you are correct!
Topics: mortgage loans, pre-approved, LTV, DTI
Go Mortgage, LLC, NMLS ID #1018, NMLS Consumer Access
