January 22, 2019 Digital Mortgages: Redefining the Mortgage Process

Like it or not, the modern world now largely exists in a digital age. This means that everything from shopping to visiting the doctor can now be done completely online. So many consumers are looking more and more towards these trends that entire industries have...

January 10, 2019 Fannie Mae and Freddie Mac Announce Conforming Loan Changes for 2019

The federal government has signaled important changes to the Fannie Mae and Freddie Mac programs. Specifically, the Federal Housing Financing Agency (FHFA) has announced increased conforming loan limits for one-unit properties to $484,350 in 2019. This is an increase from 453,100 in 2018. Why the Change? The...

January 8, 2019 Are Rent-to-Own Homes a Good Idea?

Few home buyers are able to purchase a home without going through the traditional route of securing a necessary mortgage. For first-time homebuyers, the process can be more difficult as lenders will want to see a solid credit history before issuing any loan. In most...

December 14, 2018 Assumable Mortgages

What is an Assumable Mortgage? An assumable mortgage is a loan that can be taken over or “assumed” by another buyer. Financially speaking, it’s an arrangement in which an outstanding mortgage and its terms can be transferred from the current owner to a buyer. By assuming...

December 14, 2018 FHA 203k: Loans for Home Improvement

FHA 203k: Loans for Home Improvement With the ever-growing popularity of home-improvement channels, many home buyers are now setting their sights on properties in need of renovation. This could make sense for someone who likes the type of work such a project will bring, or someone...