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Looks like Americans will be able to start filing January 24th which is great for your SE borrowers you need to get a tax return rolling on and likely deadline of April 18th unless they extend again. Expect a rather large backlog and likely extended turn times. The IRS stated that the BEST and IDEAL…

WHEN TO USE ARMS VS. FIXED RATE With rates going in the tank ARM’s will become a topic of discussion with certain borrowers who have expectations of lower rates. But, if you are going to use an ARM product then you need to know when to use them. You see ARM’s are traded and sold…

One of the things I love about VA is they truly care about the Veteran and they do not want to over burden the Veteran with unnecessary obstacles. This is a great example of common sense when it comes to VA loans. Any time a Veteran is bringing 4% or less of the sales price…

Are you interested in buying a home, but on a limited budget and wondering how you will be able to afford the several costs that are associated with your purchase? Some potential homebuyers find that they have enough money saved for a down payment, but don’t have quite enough to afford the closing costs. If…

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the conforming loan limits (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2022. In most of the U.S., the 2022 CLL for one-unit properties will be $647,200, an increase of $98,950 from $548,250 in 2021. National Baseline…

FHFA made it official- new conforming loan limit for 1-unit properties is $647,200. The new ceiling for High Cost is $970,800 (areas like Alaska, Hawaii, Guam & US Virgin Islands) FHA will calculate the low-cost mortgage limit at 65%t-  $420,680  while High-cost area mortgage limits are set at 150%- $631,020. *usually announced in December & in effect for case numbers assigned…

Nov. 16, 2021 at 2:41 p.m. ET By Alisa Wolfson What to know if you’re thinking about buying a home soon. On the one hand, mortgage rates are near historic lows and many experts predict they will rise in the coming year. But on the other, housing prices are on the rise, and in plenty of areas…

There are several steps involved when you buy a home, and before you finalize the transaction, one step you will need to take is having your potential home evaluated by a professional home inspector. During this process, a home inspector will come into the home you are looking to purchase and attempt to identify any…

Are you currently in the market for a home, and in the process of deciding on the best financing option to fit your current situation? Conventional loans can be an excellent home financing option because they offer flexible terms and competitive rates. If you are searching for a home in Jacksonville, Florida, the skilled team…

Are you a current homeowner interested in refinancing your home, and trying to determine the best refinancing option for your situation? You may want to consider a cash-out refinance, which basically replaces the mortgage you currently have with a new loan that is for a higher amount than you owe on your house, and you…