Conforming vs. Non-Conforming Mortgages: Choosing the Best Fit
There are two main types of mortgages: conforming and non-conforming. Conforming loans follow guidelines set by Fannie Mae and Freddie Mac and come with lower interest rates and a more streamlined process.
Read MoreUS Mortgage Applications Spike 16% in Early Summer
Mortgage applications in the US ↑ 15.6% WoW in the first week of June. Refinance activity ↑ due to lower mortgage rates, especially for VA borrowers.
Read MoreWill Mortgage Rates Fall This Year?
May's inflation data showed ↓ MoM, offering hope for lower mortgage rates. The Fed is aiming to bring inflation down to its 2% target, which would likely lead to lower mortgage rates.
Read MoreTBD Mortgage
A TBD (To Be Determined) mortgage loan is a type of mortgage application where certain details, such as the exact property address or some other critical information, are not yet finalized or provided. A TBD Mortgage often happens when a borrower is pre-qualifying or pre-approved for a mortgage before finding a specific property. Key Points…
Read MoreMortgage Approval Improvement for the Self-Employed
Here’s a list of ways to improve chances of mortgage approval if you are self-employed: Make a largear down payment. Boost credit score and maintain a positive credit history. Lower debt-to-income ratio to 43% or less. Shop around for lenders experienced with self-employed borrowers. Work with a knowledgeable loan officer or mortgage broker.
Read MoreFirst Time Home Buyer
A first-time home buyer is typically defined as someone who has never owned a home before or has not owned a home within the past few years (usually three years or more). First-time home buyers often qualify for special programs and incentives designed to make homeownership more accessible, such as lower down payment requirements, reduced…
Read MoreSmart Strategies to Accelerate Mortgage Payoff
Paying off your mortgage early can save thousands in interest charges. Create a budget to identify savings for extra mortgage payments and stick to it.
Read MoreHow to Catch up on Missed Mortgage Payments
Contact your lender immediately to negotiate a payment plan or temporary reduction in payments to avoid worsening your situation.Review your budget to identify and cut non-essential expenses, reallocating funds to your missed mortgage payment to catch up quickly.
Read MoreMajor Tax Changes Are Coming in 2026
In 2026, tax rates are expected to rise for most taxpayers, with the biggest increase hitting middle-income earners. The standard deduction will decrease, but personal exemptions and unlimited SALT deductions will return.
Read MoreMost Florida Cities Showing Signs of a Settling Rental Market
Just a year ago, nearly all the measured Florida metros were at double-digit premiums, but now renters in Florida could see cheaper rents. Most of the measured cities are showing signs of rents trading either at a discount compared to long-term pricing trends or premiums of less than 1%.
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