Conventional Loans: A Complete Guide
Conventional Loans: A Complete Guide is a post from Pocket Your Dollars.
Loan Limits
2020 Loan Limits Rise Above $500,000 for Conforming Mortgages
Itâs that special time of the year again when the Federal Housing Finance Agency (FHFA) adjusts the conforming loan limit for the upcoming year. As expected, the loan limit is going up again thanks to another year-over-year increase in home prices nationwide. Per the FHFA’s seasonally adjusted, expanded-data home price index (HPI), residential property values… Read More »2020 Loan Limits Rise Above $500,000 for Conforming Mortgages
The post 2020 Loan Limits Rise Above $500,000 for Conforming Mortgages appeared first on The Truth About Mortgage.
Pros and Cons of FHA Loans: The Good and the Bad
Ready to purchase a home? If you’re in the market for something new, you may be considering an FHA loan. FHA loans are typically easier for borrowers to get approved, but you should always weigh the pros and cons to make the most informed decision. To make sure you know all the details, we’ve outlined… View Article
The post Pros and Cons of FHA Loans: The Good and the Bad first appeared on Total Mortgage.
FHA Limits Cash Out Refinances to 85 Percent
The FHA, which has seen its share of scrutiny as of late, plans to lower the maximum loan-to-value associated with cash-out refinances beginning April 1. The agency, which previously allowed cash out refinancing up to 95 percent, will drop that limit to 85 percent, according to a letter sent to clients late last week. âEffective… Read More »FHA Limits Cash Out Refinances to 85 Percent
The post FHA Limits Cash Out Refinances to 85 Percent appeared first on The Truth About Mortgage.
Subsidized vs. Unsubsidized Student Loans: How to Choose the Best Option
If youâre starting to think about paying for college, youâre probably considering your student loan options. Given the high cost of tuition, room and board, and other expenses, itâs unsurprising that 70 percent of students take out federal or private loans to pay for college. When it comes to federal student loans, the debate of
The post Subsidized vs. Unsubsidized Student Loans: How to Choose the Best Option appeared first on MintLife Blog.
Federal Housing Administration Loans
Federal Housing Administration Loans is a post from Pocket Your Dollars.
How Does DTI Affect VA Loan Amounts?
There are a lot of different factors that go into determining the specifics of a mortgage. Aside from the downpayment and their credit score, home buyers will want to be […]
The post Blog first appeared on MilitaryVALoan.com.
MISMO creates API standard to find local conforming limits
The Mortgage Industry Standards Maintenance Organization has approved an application programming interface standard that allows users to search for conforming mortgage area loan limits based on a property’s postal code and county name. This standard is called the FIPS Code Lending Limit API Specification. FIPS is short for the Federal Information Processing Standard, a five … [Read more…]
Coming Soon: $1 Million Mortgages With 3% Down
Next year’s federal loan limits are a reflection of the significant increase in home prices.
Current HELOC rates in 2023: HELOC rates vs. mortgage rates
Current HELOC rates are rising. But HELOC rates might still be a better deal than cash-out mortgage rates. Here’s why.