Looking to buy a new house in 2019? We are excited to share some positive and relevant mortgage news. As expected with the sustained rise in home values, the Federal Housing Finance Agency, (a regulator for Fannie Mae and Freddie Mac), announced an increase in conforming loan limits for 2019. This means that home buyers will now have more borrowing power. Fast Facts: New limits go into effect on January 1, 2019 (but you can…
You made it! You’re a homeowner, you’ve signed the mountains of paperwork, and now you’re entertaining the idea of paying off your mortgage early. Just the idea of owning a home free and clear brings a sense of super-human power and fulfillment. Whoever you are and wherever you are, you can apply these 4 easy tips to shave years off your mortgage. 1. Make one extra payment a year. This can sound daunting, but there…
Refinancing your home can be a pretty tricky and very involved process, especially if you have never done it before. After you’ve gone through the steps to decide whether you should refinance, the tips below will help you through the rest of the process: 1. Specify your reason for refinancing. Different mortgage rates and types are available based on whether you are looking for lower monthly payments, a lower interest rate, or fixed monthly payments….
Refinancing your home can be a tricky and involved process, especially if you have never done it before. After you’ve gone through the steps to decide whether you should refinance, the tips below will help you through the rest of the process: 1. Specify your reason for refinancing. Different mortgage rates and types are available based on whether you are looking for lower monthly payments, a lower interest rate, or fixed monthly payments. Specifying upfront…
