10 Dec The FHFA and FHA Set New Increasing Loan Limits for 2021
Both the FHFA and FHA announced loan limits will be increasing starting first of the year. What does this new limit mean for prospective home buyers and home owners?...
mortgages Tag
20 Oct Foreclosure Impact Will Hit the Industry in 2021 – but it’s Not as Bad as You Think
The housing market has seen stable recovery, but a flood of foreclosures to hit the industry is in anticipation of 2021. About one-third of all Americans...
24 Sep How to Increase Your Home Equity and Why It is Important
What is home equity and why do I need it? This is a common question, but an important one. Building equity is a large part of owning a home because it can build wealth over time. ...
18 Jun How has Lending Recently Changed?
Plenty has changed in 2020. In the financial world, recent pandemic limitations pushed digitization to meet the high demand for continuing existing and new transactions; in fact, 82 percent of financial institutes expect to increase their use of technology....
21 Apr Althernative Home Financing Options
The conditions were set for a very competitive housing market. Mortgage rates, housing inventory and unemployment rates were all at record lows. And then COVID-19 changed everything. ...
18 Feb New FICO Model Could Change Scores by 20 Points – for Better or Worse…
It was just announced that coming this summer, FICO will be changing the formula for how credit scores are calculated. With about 90 percent ...
10 Dec New Increased Loan Limits Effective in 2020: What Does this Actually Mean?
Just before the end of November, the Federal Housing Finance Agency (FHFA) announced new maximums for 2020 conforming loan limits on mortgages that will be acquired by Fannie Mae and Freddie Mac. For one-unit properties nationwide, the maximum limit increased to $510,400 – a 5.38...
13 Nov Getting Over the Biggest Hurdle: How To Save for a Down Payment
Home prices have continuously increased in most markets. Surprisingly, the national median price has seen a decrease this year. Zillow and Business Insider reported the average home price in the U.S. is around $227,000. Home prices vary from state to state and even within neighborhoods....