- Homebuyers
- December 13, 2021
What Are the Types of Fixed-Rate Mortgages?
When it comes to buying a house or refinancing your existing mortgage, one of the most important decisions you will make will be what type of loan to get.
When it comes to buying a house or refinancing your existing mortgage, one of the most important decisions you will make will be what type of loan to get.
Are electric bills becoming a growing concern? Looking to live a greener lifestyle in the new year? Want to save some money with an energy-efficient home?
Due to home prices increasing by over 18% in the past year, the Federal Housing Administration loan limit will rise for nearly the entire country in 2022.
For the sixth year in a row, the maximum conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac are set to increase. Here are the full details.
The mortgage process may sometimes seem like a maze of terms, acronyms, and abbreviations that make your head spin, but armed with a little information, you can figure out which mortgage is the right one for you.
Earlier this year, Fannie Mae and Freddie Mac enacted new policies that limited the number of second home and investment property mortgages each of the companies could acquire as part of a government effort to allow the companies to retain more capital. Those limits are now no more.
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.
Self-employed and looking for a mortgage? A Non-Qualified Mortgage (Non-QM) loan is an option to consider.
Are you aware of the new conforming limits to conventional loans for 2020? Read our blog to learn how this limit increase could affect potential homebuyers.