Will Larger Conforming Loan Limits Bring a Housing Crisis? Home prices have been on the rise in a very quick manner for some time now and they do not appear to be hugely slowing down. A large reason for the increase in home prices is low mortgage rates that have...
Reasons Mortgages Get Held Up in Underwriting – An underwriter for a mortgage, in a sense, has the job of playing the “bad cop” role in approval. They are tasked with looking over all of the details with a fine-tooth comb. They look over every detail of a...
General Qualifiers for Jumbo Mortgages – If you are needing a home loan that covers more than $548,250, or $822,375 in more expensive housing markets across California, you will need a jumbo loan. But what are the qualifications of being able to secure a jumbo...
If you, like many California homebuyers and other homebuyers across the country, are hoping to purchase a bigger better and more expensive home this year it is highly probable you will need a bigger mortgage. A jumbo loan can allow you to buy a more expensive home...
Getting pre-approved for a loan should be the first and is the best step you can take in your home buying process. Before even looking at homes, you should talk to a mortgage broker or lender to see what your options are. A pre-approval tells you what a bank is...
At this time borrowers have a chance to lock in mortgage rates at historically low rates. Lower inventory to purchase from and a competitive seller’s market can make finding the right home a bigger challenge. This has some buyers wondering when they should lock in...