Mortgage prepayment penalties can be a perplexing aspect of your home financing journey. Essentially, they are fees imposed by lenders when you pay off your mortgage earlier than agreed upon or exceed the specified payment limits. These fees are designed
Dec 12, 2023 | Purchasing a Home Refinancing a Home
Interest-only mortgages piqued the curiosity of many homeowners in search of alternative methods to fund their dream abodes. In this article, we will uncover the pros and cons of interest-only mortgages, shedding light on whether they align with your home
Dec 07, 2023 | Purchasing a Home
Are you tired of juggling a pile of bills, from high-interest credit card debts to personal loans and auto payments? If so, there might be a financial strategy that could simplify your life: refinancing your mortgage to consolidate all those debts. In thi
Dec 05, 2023 | Refinancing a Home
If you’re looking to buy a vacation home to get away from it all, this is your straight-shooting guide to making it happen. While it may be a big step to take, it is entirely doable. You just need a game plan, a bit of hustle, and the right mindset.
Nov 30, 2023 | Purchasing a Home
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages Fannie Mae and Freddie Mac (the Enterprises) will acquire in 2024. In most of the United States, the 2024 CLL value fo
Nov 28, 2023 | Mortgage News
In the dynamic landscape of personal finance, job loss can send shockwaves through your financial stability, particularly when managing your mortgage. Yet, with appropriate preparation and a little knowledge you can navigate these turbulent waters and sta
Nov 28, 2023 | Refinancing a Home Purchasing a Home