Just before Thanksgiving the Federal Housing Finance Agency released the conforming loan limits change for 2017. This change resulted in higher loan limits beginning in January for many counties across the country. The FHA has now followed suit. Here is what to know about the FHA Loan Limits changes… The Federal Housing Administration is the…
The Federal Housing Finance Agency just recently released that the loan limits for 2017 are going up. In many areas throughout the country loan amount sizes are increasing. In particular the conforming loan limit has also risen from $417,000 to $424,100. Here’s what this means… Rising loan limits make it easier to secure mortgage financing.…
As prices continue to climb many are wondering if there’s going to be a pop similar to the financial crisis. Here is the reality of mortgage and housing market… The financial crisis was brought on by the subprime meltdown. The subprime mortgage products that were available led to the financial collapse of America and the…
Getting a mortgage can be a costly endeavor if you don’t plan accordingly. Deadlines, qualifying, and paperwork are some of the things you’re going to be dealing with over the course of your escrow. Here’s what you need to know regarding loan costs… Fees can change in part for a slew of reasons, but for…
Working on your down payment money to buy a home? Here’s something you need to know…your paycheck can work against your down payment savings plan. Buying a home requires precision planning, good income, good credit, manageable liabilities and a healthy down payment. As much as 3.5% of the purchase price can be a big factor…
Closing costs are a factor you must account for consider when taking out a mortgage to buy or refinance a home. Here’s what you need to know across the board… When can you take out a mortgage there’s fees that you’re going to pay to various service providers besides just the mortgage company. This includes,…
Securing mortgage loan financing requires a laundry list of paperwork. Here’s a really simple tip you can take to the bank to make sure your process is easy while getting the best mortgage… Every year you gather together paperwork for doing your tax returns things like; receipts, explanations, paystubs and W-2s. 70% of this information…
Buying a rental property can be very lucrative and sound financial vestment. Here’s how to determine whether not buying a rental property with financing makes sense. Location, location, location Location for the property is critical. It is often thought a rental property is more dollars and cents transaction with less focus on location. While this…