Have you received a letter saying your mortgage has been sold? This may seem troubling, but in this article we'll explain why it happens and why it's no cause for concern.
When you purchase a home, you go through a detailed loan qualification…
In a move that will make refinancing more affordable, Fannie Mae and Freddie Mac have dropped a fee that was designed to reduce COVID-related losses. With refinancing fees removed, it may be the time to rework your mortgage.
Mortgage Refinancing…
When considering a conventional loan in San Diego, you should understand this form of financing, including the advantages and disadvantages for these mortgages. This article will explain what a conventional loan is and how it is different from other types of mortgages.…
In early March of 2021, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac would limit their buying of second-homes and investment-property mortgages to roughly 7% of their overall portfolio.
This means that the two organizations…
Could the BorrowSmart program be your key to unlocking homeownership?
While renting can be more affordable on a month-to-month basis, owning your home is one of the pillars of financial stability. Acting like a forced savings account, while also serving as an asset…
2021 is here, and so are the 2021 loan limits.
If you are considering a new house in the coming year, you should learn about upcoming loan limits so you can purchase the best possible home.
Of course,…
Mortgage research is an important part of the overall buying process. But where is the information, and what should you look for? This article hopes to guide you in the right direction.
An informed decision is a better decision. …
With the high price of home repairs, many people turn to loans for their fixer-upper homes. This article discusses the various financing options for repairs, remodeling, and updates.
Home repairs are expensive!
Even relatively small projects, such as…
When the COVID-19 crisis began spreading across the United States, prompting government officials to order the temporary shutdown of numerous offices and businesses, the real estate and lending industry was hit hard. Many products were temporarily shuttered; high-risk loans, such as jumbo…
During the current health crisis, many people are facing temporary leave from work. If you are one of the millions whose jobs have been impacted by the coronavirus, you can still get a top-quality mortgage even if you are going through a…
UPDATE: AS OF JANUARY 2021, FHA LOANS ARE NOW AVAILABLE FOR DREAMERS!
CLICK HERE FOR MORE INFORMATION
Are FHA loans for Dreamers a possibility?
There is some uncertainty about this topic, and even though the Department of Housing and…