While Fed rate cuts can lead to lower mortgage rates, the connection isn’t one-to-one.

An asset depletion mortgage lets you qualify for a home loan using your savings, investments, or retirement funds — instead of a traditional paycheck.

A conventional loan is a mortgage that isn’t backed by a government agency (like FHA, VA, or USDA). Instead, it follows guidelines set by Fannie Mae and Freddie Mac, two government-sponsored enterprises.

When buying a home, avoid making major financial changes before closing. That means don’t change jobs, don’t open new credit accounts, don’t make large purchases, and don’t stop paying bills on time. These missteps can hurt your mortgage approval and delay — or even cancel — your closing.