Is Financing Different for a Tiny House?
Tiny houses are all the craze right now. You see shows about it, and many people are downsizing in order to spend their money where they really want instead of in a mortgage. But many people still need financing. While there are many ways to get financing, from...Loan Limits Increasing Starting January 1, 2017
Great news for home buyers in the new year! The Government Sponsored Enterprise or GSE, which is also commonly referred to as Fannie Mae and Freddie Mac, publicly traded companies helping banks and lenders by purchasing conforming loans, have announced an increase to...Should You Pay Off Your Mortgage As Quickly as Possible?
This has been an interesting topic as of late. I’ve seen articles and questions roaming around asking, ‘if you’re wealthy, shouldn’t you just pay off your mortgage?’ and such… but is it always a good idea to pay off your mortgage as...My Husband Won’t Give Me Money for the Mortgage
Ever happen to you? Well, it happened to a friend of mine this weekend. She and her husband are going through some serious issues and he holds the keys to all the checking accounts, locks down the money yet wants her to pay the bills and the mortgage. Well, if he...New Changes to FHA Could Save Buyers Thousands
The FHA (Federal Housing Administration) made some serious changes that went into effect October 4, 2016. These new rules will affect borrowers by potentially saving them thousands but there are some downsides to the new rules. Borrowers are likely to save thousands...Are Interest Rates Higher for Condominiums?
If you’re in the real estate market you might be considering a condominium or townhouse over a single-family house in order to save some money, but are you really saving any money by purchasing a condo when it comes to interest rates and additional fees?...How Long Will a Bankruptcy or Foreclosure Keep Me From Buying a Home?
This is a common question for many potential homebuyers: how long will a bankruptcy keep them from buying a home or how long after a foreclosure can a borrower apply for a home loan? Both of these situations are very unique and different in and of themselves. A...Refinancing After Mortgage Modification
Refinancing after a mortgage modification is something we get asked about quite frequently. Those that have had a modification to their mortgage have usually done so because they’ve proven to the lender they’ve gone through a financial hardship and can no...
Can I Still Buy a Home With Bad Credit?
Bad credit. It can follow you around for years, even after you’ve done everything possible to correct certain mistakes, errors, or even lapses in judgment. We’ve all done it! Put something on credit when we know we should have held off or missed a payment...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.