If you are buying a home that is priced significantly above the region’s average, traditional loans may not be able to cover the size of your purchase. In this case you’ll need a jumbo loan. And if yo
Dec 15, 2022
According to a recent report from Redfin, as of October 2022, in order to afford a “typical home” with the median monthly mortgage payment of $2,682, a buyer would need to earn at least $107,281 to be
Dec 13, 2022
If you are venturing into the world of rental properties, it's time to learn the ins and outs of non-owner-occupied mortgages. This is a special type of home loan for a property you buy but do not int
Dec 08, 2022
If you’re ready to buy a home, before you even start going to see properties, it is a good idea to obtain a preapproval letter from your mortgage lender. Especially in a competitive housing market, se
Dec 06, 2022
With interest rates doubling in the past year, you may think that it’s no longer a good time to refinance your mortgage. However, the truth is there may be some circumstances that make now a perfect t
Dec 01, 2022
With home prices skyrocketing over the past few years, more first-time buyers are enlisting the help of more seasoned homeowners - namely their parents or grandparents - to be co-borrowers with them.
Nov 29, 2022