Blog tagged as Pre-approval

Fannie Mae and Freddie Mac raised condo reserve rules from 10% to 15%, ended limited reviews, and tightened project eligibility. Here’s what GSE means and how the changes can raise HOA fees.

Your lender will give you a pre-approval letter to help you understand your true price range and how much money you can borrow. That can make it easier when you set out to search for homes because you’ll know your overall numbers.