There is a HUGE change to FHA refinances coming this September 1st HUD released a statement on August 1st, 2019 detailing a huge change to FHA refinances effective with case numbers issued on or after September 1,2019. Up until now, FHA refinances have allowed homeowners to cash out up to 85% of their home’s value. […]
Have you ever wondered, “what is a jumbo loan?” Well, I have the answer for you. A jumbo loan is a loan that exceeds the conforming loan limit. “Great, ” You say, “but what does that mean? How much is that?” For 2019, the conforming loan limit for a one unit property in any county […]
How to pay for home improvements A remodeling project may involve lots of choices but you have fewer choices on how you pay for home improvements. Cash, credit cards and personal loans are always an option. So are the traditional home equity lines or cash out refinances. But what if the home is not worth […]
Are adjustable rate mortgages worth the risk? With interest rates on the rise, some people are getting a bit nervous and are looking towards adjustable rate loans as a possible solution. But are adjustable rate mortgages worth the risk? Homebuyers often focus on obtaining the lowest possible rate on a 30-year loan, but most loans […]
In this edition of the Mortgage Minute we look at the 7 steps of the home buying process. Prefer video to reading? Click to watch the video version Step #1: Getting Prepared Not only do you need to gather all of the documentation that is going to be needed for your loan, but you also […]
¿Deberías seguir rentando o comprar una casa ahora? Si no tienes planes de quedarte en tu casa por mucho tiempo o no estás seguro sobre el futuro de empleo, es probable que rentar sea la mejor opción. Pero si estás planeando quedarte, comprar puede ser una buena decisión. Porque? Estas son cinco buenas razones: Las […]