Pre-Approvals in a Rising Rate Market

When interests rates are on the rise it’s important to keep your pre-approval letters up-to-date. Higher rates may affect your buying power so be sure to know your most recent approval amount. For example if your loan officer told you two months ago that you were approved up to a $200,000 purchase price you would absolutely want to check in today before making an offer on a $200,000 home today to make sure you still have a solid pre-approval.

If you would like to get an up-to-date pre-approval please call me today at 910.250.8888 or apply online at www.joey.mortgage.

As always, if you have questions about mortgage guidelines, terms or rates please call/text me at 910-250-8888. I proudly serve the Wilmington, Leland, Hampstead, Jacksonville, Southport areas and am licensed in all of North & South Carolina and Virginia!
apply online: www.JoeyMilam.com
call/text 910-250-8888