New FHA Loan Limits for 2023! As we approach the new year, we welcome the new FHA loan limit increases. The Federal Housing Administration (FHA) insures both forward and reverse…
New FHA Loan Limits for 2023!
New 2023 Conforming Loan Limit Increase!
Overview Every year the Federal Housing Finance Agency (FHFA) determines the maximum conforming loan limits based on a variety of different housing metrics These limits are based on the year-over-year…
Top 7 Tax Benefits of Owning a Home
Homeownership provides stability and the opportunity to create a foundation for a family. However, there are also tax benefits that come with buying and owning a home. Taking advantage of…
New Jumbo Product Alert: The 7/1 ARM
What is the 7/1 Jumbo ARM loan? A 7/1 ARM is an adjustable-rate mortgage with a 30-year term that features a fixed interest rate for the first seven years and…
Down Payment Perks for First-Time Home Buyers
As a first-time homebuyer, you may have heard several misconceptions about how to maneuver through the real estate market – The most common myth being that you must have a…
Mortgages and Entrepreneurs, Part 2: A Flowchart of How Lenders Evaluate Tax Returns
Calculating self-employment income is a little trickier than calculating income for someone who is a full-time employee, but there are a few guidelines you can follow to figure out how…
Cashing-Out Your Home Equity Appreciation
A cash-out refinance replaces your existing mortgage with a new, larger mortgage. You refinance the existing mortgage with a new mortgage, and you can use the money however you want….
Giving The Gift Of Equity – How To Transfer Property Effectively Between Family Members
It’s very popular for family members like parents, grandparents, or in-laws to want to help their child with the purchase of a first home. Usually this comes in the form…
No Strings Attached: The Benefits of a No Cost Refinance
What Is A No-Cost Refinance? A no closing cost refinance is an option available to borrowers which allows them to avoid paying all non-recurring closing costs. In this instance, the…
FHA vs. Conventional Loans: What’s the Difference?
What Is An FHA Loan? An FHA loan is a home loan backed by the Federal Housing Administration, a government agency created to help home buyers qualify for a mortgage….
