The Truth About “Mattress Money” and Mortgage Applications

Do you have savings, but they're not stowed away in a bank, credit union, or another type of financial institution? Then you might want to reconsider that move — especially if buying a home is on your radar. You see, even with thousands saved, "mattress money" won't help you much when applying for a mortgage [...]

By |2019-01-14T11:34:59+00:00January 14th, 2019|Categories: Financial, Mortgage|Tags: , , , |

The Government Shutdown and the Impact on Mortgages

Buyers are back in the market. The severe holiday lull may be over — possibly inspired by the drop in rates. But the volatility in the stock market and the government shutdown could impact the return to the market, and the shutdown may delay or keep some of those applications from closing. While delays, if [...]

By |2019-01-10T11:16:43+00:00January 11th, 2019|Categories: Mortgage|Tags: |

Why It Can Be Better to Purchase a Home Than Rent

It's an age-old question that is once again at the forefront of many people's minds: Is it better to rent or purchase a home? People who are considering a change in their current living situation may wrestle with the decision of what's best for them. While one person's situation is certainly different from another's, generally [...]

By |2018-12-28T11:12:30+00:00December 28th, 2018|Categories: Mortgage, Purchase|Tags: , , |

Buying a Home in 2019? Make These 4 New Year’s Resolutions

Thinking of buying a home sometime next year? Then forget pledging to eat healthier or get more sleep this NYE. Instead, make these financially-focused New Year’s resolutions and put yourself on the path to affordable homeownership: Improve your credit score — even just a little bit. Work on paying down your debts and credit card [...]

By |2018-12-27T10:10:29+00:00December 27th, 2018|Categories: Advice, Budget, Financial, Mortgage, Purchase|Tags: , , |

Self-Employed Doesn’t Have to Mean Unqualified When It Comes to Getting a Mortgage

Not all people work a typical job. Not everyone works for an outside employer who cuts them a paycheck on a regular basis and provides them with a W2 at the end of the year for tax reporting purposes. Some people chase the American dream by being self-employed. Whether they own a business in retail [...]

By |2018-12-21T14:16:43+00:00December 22nd, 2018|Categories: Mortgage|Tags: , , |

2019 FHA and VA County Loan Limits

If you've been paying any attention to the real estate market this past year, you know that inventory was low and home prices steadily increased due to the demand. As of November 2018, the median existing-home price for all housing types was $257,700 — that's up 4.2% from November 2017 and marks the 81st straight [...]

By |2018-12-21T14:14:33+00:00December 21st, 2018|Categories: Mortgage, Purchase|Tags: , , |

Substantial Increase in 2019 FHA Loan Limits for Thousands of US Counties

3,053 No, it's not the number of times you have seen the same holiday movie on the Hallmark Channel. It's not the number of emails you have received promising the “best deals of the season!” It's the number of counties in the US that are seeing a somewhat dramatic increase in FHA loan limits. That [...]

By |2018-12-19T12:26:16+00:00December 21st, 2018|Categories: Mortgage, Real Estate Agents|Tags: |

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