For many, the idea of buying a home is the American dream. The house that you’re looking to purchase needs to be affordable and justifiable within your monthly budget. Here are things … [Read More…]
buying your first home
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…]
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…]
Why do mortgage companies have to pull a credit report?
When you apply to purchase or refinance a home the mortgage company is required to pull a copy of your credit report in order to issue a credit decision. Here are things … [Read More…]
Why mortgage rates will not hit 7%
For those consumers out there, who have been on the fence about refinancing their mortgage or buying a home because of concern about interest rates, pay close attention to the facts. The … [Read More…]
Should you buy a house or wait for the market to improve?
One of the biggest challenges is trying to pinpoint the right time to buy a home. Interest rates are in flux and housing prices are high in most markets. So, how do … [Read More…]
