New Conforming Loan Limits
The new threshold for jumbo loans won’t officially revise until January, however, a number of our lenders are already increasing the limit for conforming loans in advance of the Federal Housing Finance Agency’s (FHFA) official announcement in November. Several lenders...
The Importance of Getting Pre-qualified: Getting Your Finances in Order before House Hunting
Shopping for a new home is very exciting. Before going searching for the perfect home in the ideal location, smart shoppers make sure to secure their financing first. Perhaps the most critical step to take before house hunting is getting financing lined up. Getting...
When Is the Right Time to Refinance Your Home Loan?
Refinancing your home loan can be a smart financial move if the time is right. Below, we will offer some guidance to help you determine if the time is right for you. We will also discuss the potential benefits (and also the drawback) of refinancing your mortgage by...
Factors to Consider When Deciding between a 15-Year and 30-Year Mortgage
When purchasing a house, a vast majority of buyers opt for a 30-year mortgage term, yet some buyers should absolutely consider a 15-year term. The term of your mortgage will impact your monthly payments, interest rate, and long-term financial comfort and stability. We...
The Importance of Working with a Reputable Mortgage Broker
Purchasing a home is one of the most significant financial decisions you will make in your lifetime. It can be a complicated process, especially when it comes to securing a mortgage. A reputable mortgage broker can offer a number of benefits and will significantly...
Should I Refinance the Mortgage on My House in Maryland?
As a homeowner, you want to ensure you’re making the right financial decision about your mortgage. Refinancing your mortgage can be a great way to save money in the long run, but should you refinance your mortgage? Read on to learn more about whether refinancing your...
Your Guide to Alternative Documentation Loans
When seeking traditional agency/conforming or government-backed mortgage financing, a lender must verify your income using conventional methods, meaning the borrower must supply specific standard documentation to evidence their current income and earnings history....
Mortgage Rate Predictions for 2023: What You Need to Know
Interest rates are always a hot topic, and with mortgage rates predicted to fall in next year or so, it's more important than ever to stay ahead of the curve. The Mortgage Bankers Association predicts that by the end of 2023, mortgage rates will be close to 5%, today...
Best Financing Options For First-Time Home Buyers
Are you planning or thinking of purchasing your first home? When considering buying a house, many questions come to mind, and it can seem daunting given the innumerable options and purchase decisions one needs to make. However, while being a first-time home buyer can...
How to Find the Best Loan Products In the Mortgage Market
Do you wish to own a home, but your savings aren't enough? Signing up for a mortgage is a fast and guaranteed way to purchase a home. Mortgage comes with tax benefits. If you use a mortgage loan to buy a house, you will qualify for a mortgage interest tax deduction....