Housing Costs Are Running Hot
Core inflation has declined, but housing costs remain high. Unless those costs cool, some experts doubt core inflation will return to the Fed’s 2% target.
Does Reverse Mortgage Have a Non-Recourse Clause?
Check the paperwork and read for context. “Non-recourse” is more of a description of how a loan works than a direct term, so it could be described differently.
![The First Step: Getting Pre-Approved for a Mortgage [INFOGRAPHIC],KCM Crew](https://img.chime.me/image/fs/chimeblog/20240302/16/w600_original_4a1a82bb-73d7-400a-bd23-2f518fd5b879-png.webp)
The First Step: Getting Pre-Approved for a Mortgage [INFOGRAPHIC]
Some HighlightsIf you’re looking to buy a home in 2024, getting pre-approved is a key piece of the puzzle. Mortgage pre-approval means a lender checks your finances and decides how much you’re qualified to borrow.As more buyers re-enter the market, it’ll help you make a strong offer that stands out
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