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Buying a home will most likely be the largest purchase you ever make.  With that in mind, you might assume having the lowest interest rate is best, but this is not always the case.  The lowest advertised interest rate may not be your best option.  Some lenders and mortgage brokers advertise low rates but don’t […]

Many people have preconceived notions about how to buy a house and what it takes to do it, but they aren’t always true. There are many pervasive myths surrounding the home buying process; read on for 5 misconceptions about home buying. The First Step is to Look for a House When someone is interested in […]

In this day and age, parts of the mortgage process have evolved to include virtual components. It is essential that you take steps to safeguard your personal information and data online. Here are some tips to keep in mind: Apply with a Reputable Lender It’s important that you choose a trusted lender to handle your […]

The United States government offers programs through various agencies which are designed to better serve borrowers who are in unique circumstances. Read on for more information about the most common government home loans available. FHA Loans The Federal Housing Administration, or FHA, insures FHA loans. FHA programs are available for borrowers with limited savings for […]

As far as fixed rate mortgages go, you have two main term options: 15-year or 30-year. But what’s the difference between the two aside from how long they are? How do you know which option is right for you? Read on to find out!   What is a Fixed Rate Mortgage? A fixed rate mortgage […]

There are a lot of factors to consider when beginning your journey towards a home loan. It can seem overwhelming at first, especially if you’re a first-time homebuyer. There are some questions you can ask your Loan Officer that can help clarify the situation and get you on the path to the best possible mortgage […]

Before you decide to refinance your home loan, it’s important that you understand how it works.  The process can seem confusing or overwhelming, but it doesn’t have to be. What is Refinancing? Refinancing is the process of replacing your existing mortgage with a brand-new loan. In short, it presents an opportunity to improve your current […]

LOAN LIMITS FOR FANNIE MAE AND FREDDIE MAC INCREASE TO $548,250 IN 2021, AN INCREASE FROM $510,400 IN 2020. The Federal Housing Finance Agency has announced the Fannie Mae and Freddie Mac conforming loan limits for mortgages for 2021. Each year, the baseline conforming loan limit is adjusted accordingly with the change in the average […]

In order for the loan process to run smoothly, one of the smartest things to do is get pre-qualified for a mortgage. A pre-qualification is an estimate of how much you can borrow from a lender which allows you to explore loan options specific to your financial situation. Pre-qualifying for a loan before you go […]

Many people believe winter is the most undesirable time to sell your home, but this doesn’t have to be the case. If you know what to expect, you can have just as much success selling your home during winter than you would any other time of year. Don’t be afraid to list during wintertime. Who’s […]

Your garage can serve many purposes, but not if it’s full of clutter. A recent study showed that only 30% of homeowners with garages use them to store their vehicles because they are just too full! If you are ready to organize your garage, the good news is that this is a project you can […]

It’s a hot housing market these days. That means there are more buyers looking to purchase homes than there are homes for sale, giving way to some strong competition. With the pandemic, more city dwellers and renters are looking to buy resulting in bidding wars and homes selling for more than the asking price. So […]