Buying a home isn’t always as clear-cut as applying for a mortgage, getting approved, and moving in. In fact, it rarely is. If you have a unique financial situation, getting approved for a traditional Qualified Mortgage (QM) may be challenging....
Caps on loans from Fannie Mae and Freddie Mac, as well as those insured by the Federal Housing Administration (FHA), have been raised in 2020. According to the Federal Housing Finance Agency (FHFA), maximum conforming loan limits on single-family homes...
If you’ve been looking into buying a home, you may have been learning the hard way that having “good” credit is important to lenders. But what do you do if your credit isn’t so great? Read on to learn ways...
If you’re a first-time homebuyer, you might feel lost in a sea of mortgage-related jargon. Amortization. Escrow. Origination fees. There are so many terms, it can make your head spin. To help take the stress off, we’ve compiled a list...
Imagine: you pour all of your energy into applying for a loan, only to find that your mortgage application is rejected. Luckily, this frustrating hiccup can be easily avoided by working with a reputable mortgage broker. But it doesn’t hurt...
If you are a U.S. Servicemember, Veteran or eligible beneficiary looking to buy a home, you may be wondering if there are any government programs to help you with your purchase. The U.S. Department of Veterans Affairs indeed offers assistance...
The Federal Housing Administration is the largest mortgage insurer in the world, insuring over $1.3 trillion in home loans. Read on for the basics about FHA loans and if they are something you should consider applying for. What Are FHA...
When you think of the U.S. Department of Agriculture, the first thing that comes to mind is probably farming. But did you know anything about USDA home loan programs? These programs can be a great option for borrowers looking to...
Buying a home is overwhelming as it is, but even more so when you aren’t hip to all of the lingo. A mortgage broker can help you put things into context, but you still mind find yourself asking questions like...
You’ve heard about health insurance, life insurance, and car insurance. But what about mortgage insurance? Read on for a breakdown. What Exactly Is Mortgage Insurance? Mortgage insurance safeguards lenders in case borrowers fall behind on their payments. In short: it...
