While most homeowners are running around preparing for the holidays, keep in mind your home may have a wish list of its own. Since your home is your single largest investment in most cases, it makes sense to protect it from the elements. Taking some low-cost preventative actions could save you money and eliminate …
Why is raising Conforming Loan limits good for borrowers?
Baseline Conforming Loan limits will increase to $647,200 When the FHFA raises conforming loan limits, homeowners may get larger mortgage loans with lower interest rates. Conforming loans are generally the most attractive for homeowners since they are backed by Fannie Mae and Freddie Mac. Generally, they are the …
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How to win a bidding war in today’s real estate market
When inventory is low, and demand for housing is high, buyers compete for the same property, and things can get crazy. How crazy, you ask? According to realtor.com, it is not unusual to see a home with 20 or 30 offers on it and sales prices at $50,000 to $100,000 over asking. It is easy for an emotional buyer to get …
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Fannie Mae’s RefiNow Program is Now Available
What is RefiNow? Fannie Mae recently released their new RefiNow program. RefiNow is a government-backed program created to help low to moderate-income borrowers take advantage of the historically low-interest-rate environment. This program expands eligibility to help more homeowners refinance their mortgages. In …
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Mortgage Broker vs. Direct Lender – which is better?
This difference between a broker and a lender is an important one when planning to purchase or refinance your home. Both are licensed and highly regulated professionals who specialize in mortgage lending. However, the level of service they provide is quite different. Typically, the one you should choose depends on your …
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Why do we celebrate St. Patrick’s Day?
St. Patrick's Days is celebrated in honor of St. Patrick, a real person and the patron saint of Ireland. The holiday is celebrated on March 17th, which is the day he supposedly died. While he was originally born in England, he was kidnapped and brought to Ireland as a slave when he was 16 years old. Once there, he …
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