Increased loan limits for 2018
Great news – The Federal Housing Finance Agency is increasing conforming loan limits again in 2018! New conforming loan limit will be $453,100, and high-balance loan limit will increase to $679,650 for high-cost counties. Lenders are also accepting locks and...Did You Know? NEW Student Loan Payoff Refi Program!
Fannie Mae recently announced a student loan refinance program, which allows homeowners to use their homes’ equity to pay off student loan debt. This is a special program, and even though you’re tapping into your home equity, you are not getting charged a “cash-out...New Programs and Opportunities Available Now
The lending landscape has lightened up, and with it new programs and opportunities have become available. Here are some niches that I can assist with, along with a brief explanation of the program. Future Income Program – allows a borrower to close a loan 120 days...Property Tax Relief for Eligible Homeowners: Propositions 60 and 90
If you’re a current homeowner over the age of 55 and looking to buy a new primary home, are you aware of Propositions 60 and 90? In the 1980s, California voters approved both Propositions 60 and 90. Prop 60 allows for homeowners age 55 and older to transfer the...Fannie Mae Allowing “Property Inspection Waivers” More Frequently
Effective 12/10/16, Fannie Mae’s underwriting engine is issuing out Property Inspection Waivers (PIWs) on refinances, allowing homeowners to refinance without requiring an appraisal report. This will help expedite the closing timeframe, and reduce the cost of the...Loan Calculator
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