In the Know

FHA Loan Limit Increase on the Way for 2018
Posted Friday December 8, 2017 in Industry News, Mortgage + Real Estate Tips

Good news!  Yesterday, the Federal Housing Administration (FHA) announced an increase to loan limits for FHA loans in 2018.  This comes as a sigh of relief for homebuyers in 3,011 counties.  For the past three years, the FHA has increased the number of counties to benefit from higher loan limits, with the biggest bump in […]

Ellie Mae: More single, female Millennials are buying homes
Posted in Industry News

Loan software provider Ellie Mae just put out its latest “Millennial tracker” and found several similarities in homebuying across gender lines in this generation — with one big difference. “While men make up the larger percentage of overall Millennial borrowers, most of them are married,” said Joe Tyrrell, executive vice president of corporate strategy at Ellie […]

Should You Rent or Buy?
Posted in Mortgage + Real Estate Tips

Come January, you may very well begin the rent vs. own debate. Take comfort in knowing that you’re not alone. At some point, every homeowner and prospective homeowner has sat down and calculated the merits of renting against the merits of buying.  Buying a home is a big decision that takes thought and often requires […]

Increase in Loan Limit on the Horizon for 2018
Posted Tuesday November 28, 2017 in Industry News, Mortgage + Real Estate Tips

The Federal Housing Finance Agency (FHFA) recently released the home-price index for the third quarter and their findings are quite interesting.  It looks like the U.S real estate market continues to grow with an increase of 6.5% in the past year.  With a healthy and vibrant economy, the real estate market moves forward as demand […]

Home price appreciation starting to slow down
Posted Wednesday November 22, 2017 in Industry News

Home price appreciation continues to increase at a much higher than normal pace, although the rate of growth has been slowing since the summer. Median home values increased by 6.5% in October, the 15th consecutive month the rate has been above 6%, according to Zillow. However since peaking at 7.3% in May, the rate of […]

How to Save Money For a Down Payment
Posted Monday November 20, 2017 in Mortgage + Real Estate Tips

The home buying process begins long before shopping for a home. It can start years before, when you and your family decide that buying a home is going to be a long-term goal. And that means saving for a down payment. Putting money away for a down payment requires discipline and a plan. But don’t […]

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