If you are itching to get into homeownership but don’t have much of a down payment saved or much of a credit history, you might think you’ll just have to wait. However, through its sponsored entities like Fannie Mae, the U.S. government has created mortga
Jan 26, 2023 | Purchasing a Home
As you start applying for a mortgage loan, you will probably hear the terms “APR” and “mortgage interest rate” a lot from lenders. What do these mean, what is the difference between them, and how do they affect your home loan? Mort
Jan 24, 2023 | Interest Rates Mortgage Basics
Last week the Federal Housing Finance Agency (FHFA) announced the new conforming loan limits (CLL) for mortgage loans in 2023 and based on U.S. home price growth, they are increasing to 12% for the coming year. The new conforming limit will be $726,200 fo
Jan 19, 2023 | Purchasing a Home Refinancing a Home
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
You’re in the home stretch: you’ve found a great home, made an offer and been accepted. You’ve gone through the home inspection appointments and resolved any issues and now you’re waiting for the mortgage underwriting process to wrap up before you finally
Jan 17, 2023 | Purchasing a Home
If you are an active-duty or retired service member, you are likely familiar with the many benefits of buying a home with a VA loan. The Department of Veterans Affairs guarantees mortgage loans that have some of the best rates and terms on the market. But
Jan 12, 2023 | VA Loans
