Purchasing a home can be confusing and overwhelming. What is the difference between a prequalification and a pre-approval? What makes up closing cost fees? These are just two examples of common questions that are not fully understood by the average homebuyer. Doing your homework before you buy a home is key.
Thankfully, there is help. Lafayette Federal has partnered with DC Refined to explain what you need to know when you’re ready to purchase. The following article outlines and explains some major homebuying misconceptions: http://dcrefined.com/the-home/the-5-most-frequently-misunderstood-things-about-buying-a-home.