Mortgages aren’t one-size-fits-all. Depending on how much financing you need or want for a home, your loan might be classified as a jumbo mortgage. This type of loan comes with unique requirements and benefits.
You may have seen our recent announcement that conforming and FHA loan limits are increasing for 2023. This is great news because it means that two of the most popular types of mortgages are now (or will soon be) available for bigger loan amounts. Higher limits allow homebuyers and homeowners to use these loans for ...
When buying a home, one of your goals is to negotiate with the seller for the best possible deal. This was a difficult task during the red-hot real estate market of the past few years when competing buyers bid up home prices in many parts of the country. But now, with the housing market cooling ...
When you apply for a mortgage, your interest rate is one of the most important aspects of your loan. All other factors equal, the lower the rate you can get, the lower your monthly payments will be. Obtaining a great rate instead of a not-so-great one could save you tens of thousands of dollars over ...
Owning a home is often cheaper than renting a comparable one, but figuring out just how much home you can afford isn’t always easy. While rents are priced in simple monthly amounts, home prices need to be broken down into upfront and monthly payments. So how much home can you afford to buy? Here are ...
