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New Conforming Loan Limits for 2022 Could Mean Big Savings

January 14, 2022

The Federal Housing Finance Agency (FHFA) has announced that starting Jan 1, 2022 baseline conforming loan limits will be rising by $89,950. This means that higher cost homes will now qualify for conforming mortgages. If ...


What Type of Home Is Best For You? A Starter of Forever Home?

January 14, 2022

Deciding when and what kind of home to buy can be a very difficult decision. There are many different routes you can go for your first home like buying an older “starter” home you can ...


How Do You Get Pre-Approved for A Mortgage?

January 14, 2022

To start, we think it’s important to define pre-approval. Pre-approval is an “offer” from a lender under specific terms and expires after a specific date (typically 90 days). Pre-approval is not a guarantee and can ...


How Do Mortgage Rates Today Compare to 1990?

January 14, 2022

Mortgages and the world have changed a lot since 1990. We’ve seen the mass adoption of the internet, social media flourish, tech giants rise and major companies fall. Thankfully, mortgage rates for 30-Year Fixed-Rate Mortgages ...


What Is An Escrow Account?

January 14, 2022

An Escrow account is a service to help home owners manage taxes and insurance cost. Instead of waiting until tax season and discovering a surprise bill that could total thousands of dollars you deposit a ...


Home Values Have Risen From $2,938 in 1940 to $119,600 in 2000!

January 14, 2022

How much do you think the median home cost in 1940? You’d be surprised that it was only $2,938; even after adjusting for inflation it was only $55,500. 80 years later in 2020 the median ...


What's The Difference Between Monthly and Upfront Private Mortgage Insurance (PMI)?

January 14, 2022

If you are putting less than 20% down on a conventional mortgage you will be required to purchase PMI, or Private Mortgage Insurance. Essentially, it is insurance to protect the lender due to the increased ...


Mortgage Down-Payment Options For Buyers With Less Than 20% Down

January 14, 2022

If you’re looking to by your first home and don’t have a 20% down payment there are more conventional options for you than you might think. While most buyers automatically think an FHA loan is ...


How Does a Mortgage Application Affect My Credit Score?

January 14, 2022

Many borrowers will be surprised to learn that submitting applications for multiple mortgages will not impact your credit anymore than a single mortgage. In most cases, if it does impact your credit it will be ...


What Are Closing Cost? Who Pays Them?

January 14, 2022

If you’re planning to buy a home or refinance you need to educate yourself on closing costs. On a basic level, a closing cost is a payment required to finalize a home loan and is ...


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