The Federal Housing Finance Agency which oversees loans bought by Fannie Mae and Freddie Mac announced to change to the conforming loan limit last week. Here’s what the change means for you… Every year the Federal Housing Finance Agency releases its loan limits for the next year. Over the last 4 years, the agency has…
Buying a home means the careful planning of your finances and making sure it’s really something that you can support? One of the biggest challenges home buyers face is budgeting for a new mortgage payment. If you’re going to be buying a house here are the things you might want to consider as it relates…
Credit is one of the biggest parameters of a lender’s decision to grant you a loan approval or not. There’s a lot of misconceptions out there floating around the internet about what you can and can’t do with the type of credit that you have. Here’s some things to consider if you’re worried about your…
The internet is full of information about purchasing or refinancing a house. Some of it tangible some of it not worth the paper it’s written on. Here are seven of the most common misconceptions with regards to getting a mortgage… Pulling credit for a mortgage automatically tanks your credit score. The reality of it is…
How to use rental income to qualify for a mortgage Rental property is a great way to have additional streams of income and create a financial nest egg for you and your family. If you’re mortgaging a property with rental income here are some things you should be aware of when it comes time to…
Why waiting for mortgage rates to get better is a losing proposition Purchasing or refinancing a house for many families is a staple of the American Dream. One of the best ways to gage affordability is getting a good interest rate which is a function of your total monthly mortgage payment… Mortgage rates change based…
Buying a home is quite a financial feat. It requires careful planning due diligence and making sure that it’s the right decision for you and your family. If you’re buying a home, you may to begin to prepare your finances… To get a mortgage you must have a blend of cash, credit and income. You…
Interest rates right now are very close to their all-time historical lows. We’ve seen this a few times before. Here’s what you need to consider when getting what you perceive as the best mortgage rate… Mortgage rates are in flux and have been in flux since the United States started keeping track of these numbers…