Many people I've talked with recently are concerned that we are heading for another housing crisis like 2008. I don't believe this to be the case and here are my reasons why: The 2008 housing crisis was caused by loose, even reckless, lending … [Read more...]
What’s an FHA Loan?
If it’s your first time buying a home, you’re may be a little overwhelmed by all of the loan options that are available. One popular type of loan is an FHA loan, which means it is mortgaged by an FHA-approved lender and insured by the Federal Housing … [Read more...]
Before You Apply For a Mortgage
Check out this useful info from U.S. News & World Report - there is more on their website Before you apply for a mortgage, you should make sure you’re in a good position to qualify for the best loan possible. It’s a good idea to check and … [Read more...]
The Real Reasons You Should Buy, Not Rent
Often people are concerned about purchasing a home rather than renting because they're afraid we'll have another housing crisis like 2009. However, even taking into account the horrible plunge in prices due to the sub-prime mortgage crisis, if you … [Read more...]
12 Topics You Should Discuss With Most Lenders
When thinking about taking out a home loan, here are some of the questions you might want to ask the loan officer: Are both fixed and adjustable-rate loans available? What is the Interest Rate? What is the total origination charge? How … [Read more...]
About Jumbo Loans
Each year, the Federal Housing Finance Agency (FHFA) publishes conforming loan limits for all loans eligible for purchase and guarantee by government-sponsored entities Fannie Mae and Freddie Mac. The current limits are $424,100 and $636,150, or … [Read more...]
