The “Buy Before You Sell” Program
I have mentioned the Buy Before You Sell program in a previous blog that reviews options homeowners may have in purchasing a new home prior to selling their existing. This program is one of those options, and I would like to delve into it a little more. It may not...A 1% Down Payment Loan is Now Available (!)
Have you heard about the 1% down loan offered by Rocket Mortgage? Well, it’s available! It may be a little prohibitive in California considering real estate prices are higher than the national average, but there may be pockets where it’s possible. The loan program is...FHA Reduces Their Mortgage Insurance Premiums Across the Board!
GREAT NEWS! FHA has announced that they are reducing their mortgage insurance premiums across the board by 30 basis points. Mortgage Insurance can often be a dealbreaker in securing an FHA loan, depending on down payment and credit score, but this will help immensely...Update on Minimum Down Payment Requirements
Minimum down payment requirements on loans may have changed a little since my last update, so I wanted to review again. The interest rate you qualify for can be quite sensitive to the amount you have down (as well as credit score plus some other factors), but to...Conforming Loan Amount Limits Increasing in 2019!
I am so excited that loan limits will be increasing in 2019! The conforming loan limit will be $484,350 and high balance loan limit for the highest-cost areas will be $726,525. Anything greater than this amount is considered Jumbo. This is extremely helpful because...Loan Calculator
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