Loan Level Price Adjustments (LLPAs) are additional fees implemented by the Federal Housing Finance Administration (FHFA) on certain types of mortgage loans. These fees are designed to account for the increased risk associated with certain loan characteri
Jan 19, 2023 | Homeowner Tips Conventional Loans
A home appraisal is an essential part of buying a home and getting mortgage financing. An appraisal determines the current market value of the property and helps lenders determine if the amount of money they are lending you for the sale is appropriate. If
Sep 08, 2022 | FHA Loans Conventional Loans Mortgage Basics
Renting out privately-owned properties has become the preferred style of accommodations for many travelers today. Sites like AirBnB and VRBO allow property owners to list their condos, houses, and cabins to tourists looking for a different experience from
Mar 09, 2022 | Purchasing a Home Conventional Loans
Recently, the Federal Housing Finance Agency announced changes to the conforming loan limits for 2022. And they are increasing 18% from 2021, the largest yearly increase on record.The new loan limit for conforming loans, which can be bought by Fannie Mae
Mar 02, 2022 | Conventional Loans
The typical mortgage loan lasts 30 years and is amortized equally over that entire period, so that the borrower makes consistent payments, including both interest and principal. The last payment pays off the loan. However, there is a type of loan called a
Nov 17, 2021 | Refinancing a Home Purchasing a Home Conventional Loans
In addition to income and assets, your credit profile is one of the biggest factors in determining whether you qualify for a mortgage. If your credit score is not currently in a desirable range, there are plenty of ways you can improve it to up your chanc
Jun 24, 2020 | Credit Conventional Loans
