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What is the difference between a HELOC and a second mortgage? Many mortgage industry terms are confusing to consumers. Multiple names often describe the same loan product or mortgage program. A second mortgage is one of those terms. A second mortgage is a loan you take out using your house as collateral while you …

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Fannie Mae and Freddie Mac offer $2500 credit for lower income families Fannie Mae and Freddie Mac have announced a $2,500 credit for low-income borrowers to make homeownership more accessible. Fannie Mae and Freddie Mac recognize that down payment and closing costs remain a significant barrier to homeownership for …

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Conforming loan limits expected to rise in 2024 All signs point to the Federal Housing Finance Agency (FHFA) increasing the conforming loan limit from $726,200 in 2023 to $750,000 in 2024. The conforming loan limit refers to the annually adjusted dollar cap on the size of a mortgage that Fannie Mae and Freddie Mac …

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Tips for buying a home with student loan debt Buying a house with student loan debt can be difficult, but it’s not impossible. Understanding the potential impact of student loan debt on your financial health and ability to qualify for a mortgage is essential. Student loan debt can increase your debt-to-income ratio …

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Finding the perfect home in today's real estate market can be challenging. Housing inventory is low, and when a desirable property hits the market, it is often sold almost immediately and over the asking price. A renovation loan could be the solution you are looking for to create the home of your dreams in the Easton …

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Mortgage rates change a lot. They can move up or down throughout the day. They can be subject to many things, from the Federal Reserve (The Fed) announcing a rate increase to events occurring in the US or worldwide. You may have a conversation with your loan officer today only to learn that the rate you discussed has …

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