Before jumping into homeownership, you should look at how much you spend on other expenses each month to get an idea of how much you can afford to pay for your mortgage.
Buying a home or refinancing your current home can seem overwhelming. Don't worry, we are here to help.
After spending so much time at home last year, 'home' now means much more than just a place to live.
Closing costs are the final fees homebuyers pay before completing the purchase of their home. They are usually 2%-5% of the home's overall purchase price.
In late November, Fannie Mae and Freddie Mac announced that they were increasing their maximum conforming loan limits in 2021, but the GSE loan limits aren't the only ones going up. The Federal Housing Administration announced that it is increasing the loan limits for FHA mortgages in 2021.
The maximum conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac are set to increase for the fifth year in a row. Click the headline for the full details.
A mortgage pre-approval is the result of a process where a lender will look at your financial situation to figure out if you are a good candidate for a mortgage.
When choosing a Non-QM lender, you'll want to do some research beforehand. Ask yourself these key questions before getting started.
Due to their massive size, millennials have proven disruptive in many industries, and real estate is no exception.
Are you self-employed and looking for a mortgage or do you want to refinance an existing one? Many in this situation have found it challenging to secure a loan without the usual proof of income that most lenders require during the mortgage approval process.