If you’ve been thinking about buying a home and have been discouraged about interest rates you might be able to assume the seller’s mortgage. Think it’s too good to be true? It’s … [Read More…]
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New Mortgage Loan Limits for 2023
The Federal Housing Finance Agency announced on Tuesday, November 29th the new loan limits for 2023. The new conforming loan limit has increased and has been year over year 7 years in … [Read More…]
How to buy a home 2-1 and 3-2-1 Buydown Program
If you’re thinking about purchasing a home and you’re worried about the mortgage payment. Fear not, some, but not all mortgage companies might offer a buy-down program allowing you to get a … [Read More…]
How a future recession may impact your plan to buy a home
If you’ve been thinking about purchasing a home and you’ve been on the fence because of economic conditions. The following information could assist you in helping to determine when and/or if you … [Read More…]
Is the mortgage rate or the purchase price you pay for a home more important?
If you’ve been thinking about purchasing a home and you’ve been on the fence because you’re just not sure about the right time, the information that’s going to follow is for you… … [Read More…]
Why are current mortgage rates so high?
People who are thinking about getting a mortgage to buy or refinance a home are having shell shock relating to the costs associated with doing a mortgage transaction. It’s not as simple … [Read More…]
5 reasons you’re not ready to buy a home
Buying a home is considered to be the American dream. Buying a home however is also not for everyone as it requires careful consideration of planning, a little bit of success, and … [Read More…]
Should you refinance to become more lendable?
Most families who own homes generally don’t want to refinance unless they can lower their interest rate, pay off debt, consolidate obligations, and/or fix up their homes. Those are all tangible benefits … [Read More…]
Does waiting for the right time to buy a home make economic sense?
If you’ve been thinking about whether you should purchase a home, you might want to think about applying with a lender. This helps to get a read on where you are financial … [Read More…]
Should you buy a house in this real estate market?
For many, the idea of buying a home is the American dream. The home purchase needs to be within your monthly budget. Here are things to consider in today’s present real estate … [Read More…]
2023 Confirming Loan Limit Rise
The federal housing finance agency recently released its 2023 conforming loan limit. The new loan limit for 2023 is $715,000. Here is what this means if you’re purchasing or refinancing a home… … [Read More…]
Ways to handle a mortgage payment when buying a home
Consumers who are preapproved and looking to buy a home are sometimes getting shell shock as relates to the mortgage payment. The rate, the purchase price, and the cash-to-close may change the … [Read More…]
Should you take out an adjustable rate mortgage?
With interest rates as high as they are consumers want adjustable-rate mortgages for payment relief. If you’re thinking about an adjustable-rate mortgage versus a fixed-rate mortgage here are some things, you need … [Read More…]
Should you cash out refinance or get a home equity line of credit?
Inflation is hitting consumers right and left. Seems like everything is going up these days and one of the most expensive types of debt has just got even more expensive- consumer loans. … [Read More…]
What are the risks of buying a home?
When you’re buying a home, you should be thinking about not just the purchase price of the house, but you should be really thinking about your household budget. Saving money and being … [Read More…]
