Posted on by Enclave Team
What music are you into? Do you have a nickname? What’s your sign? These are questions you may be interested in, but this is not speed dating. Given that, developing a relationship with a lender prior to house shopping is something you definitely should do. Experienced REALTORS® can point you in the right direction as [...]
Posted on by Enclave Team
If you’re thinking of purchasing a home, chances are you’re aware of what you’ll need to do in general to get financially prepared. If applicable, promptly paying off any minor lingering debts would be helpful. You’ll want to refrain from purchasing any big-ticket items that involve a loan or having your credit checked to avoid [...]
Posted on by Enclave Team
One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. Maybe it’s time to start thinking about buying a home, especially when they’re so affordable in today’s market. Every three years [...]
Posted on by Enclave Team
If you’ve been paying attention, interest rates have been historically low this year. In a statement to the press mid-month, Federal Reserve Chair Jerome Powell announced that the Fed would most likely not raise interest rates until at least 2023. This decision was made to help the economy recover as we continue working through the [...]
Posted on by Enclave Team
Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to stabilize, but it is evident that the [...]
Posted on by Enclave Team
Pre-qualification, pre-approval, fully underwritten pre-approval: What are the differences? Are all of them necessary or just some? While aspects of pre-qualifications and pre-approvals are similar, there are some key differences. Pre-Qualification This is just an estimate to get an idea of what mortgage you can probably afford. A mortgage pre-qualification is generally quick to get, [...]