Fannie Mae and Freddie Mac are starting to take a more balanced approach in the way they view mortgages. The change about self-employment income not hurting your W-2 income is one such example of that. Here’s what you need to know if you have both income types are looking for a mortgage… Up until recently…
How mortgage lender credits work with rates If you’re getting a mortgage or plan to be you might be working with a situation where a lender credit is needed. Here is what you need to know with how lender credits work with regards to interest rates and government required disclosures… When you select a mortgage…
HUD recently announced the FHA Loan Limits for 2019 have been increased. This increase includes VA loan limits for both refinancing and home buying. These changes will represent more opportunity for families to finance bigger mortgages going forward as the limits across the country have increased. Even the low-cost areas which represents 65% of the…
VA financing is the best mortgage loan program by far for mortgage Borrowers. Here are some of the nuances about VA loans that you should know if you’re considering using a VA loan for a purchase or for a refinance… The US Department of Veterans Affairs guarantees home mortgage loans for eligible military veterans up…
The Federal Housing Finance Agency on November 28th raised the conforming and high balance loan limits for a Fannie Mae and Freddie Mac loans. Here’s what these changes will mean… Each year the Federal Housing Finance Agency which oversees Fannie Mae and Freddie Mac reviews and evaluates changes on whether to keep the loan amounts…
Purchasing a home can require a down payment plus closing costs which can equate the thousands of dollars. Here’s a way you can get your foot in the door using other people’s money… The national housing market has slowed, and refinance applications are down to the lowest level in years while purchase applications are otherwise…
If you’re purchasing or refinancing a house the 30-year fixed-rate mortgage was and is currently the staple of the broader mortgage market. The 30-year mortgage has its pros and cons and here is what you should know when looking at a 30-year mortgage, so you can decide what makes the most financial sense for you.…
When begin talking to lender about getting preapproved, you’re going to go through tons of emotions including the ultimate deciding factor whether you should buy a home or stay put. Here are the following things to avoid falling prey to prior to closing escrow on your house. Don’t get wrapped around the purchase price of…