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Freddie Mac changes to accessory dwelling units
On June 3rd Freddie Mac announced changes to Freddie Mac conventional mortgages for single family homes with granny units. These changes allow for expanded financing on Freddie Mac mortgages. So, if...
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Federal reserve’s change to policy
Here is what the federal reserve’s change to monetary policy on June 15th, 2022, means for mortgage rates. If you’re buying or refinancing a home the information in this article is for ... [Read More...]
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What’s the minimum down payment to buy a home?
The Internet does a wonderful job of supplying different information about the minimum down payment you need to buy a home. Read one article you’ll have an idea of what it would ... [Read More...]
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Why you can expect your home equity line of credit to cost more
Fed funds recently increased the rate 75 basis points. This change to monetary policy also means your home equity line of credit costs more. What to know going forward if you have ... [Read More...]
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Should you buy a house or wait for the market to improve?
One of the biggest challenges is trying to pinpoint the right time to buy a home. Interest rates are in flux and housing prices are high in most markets. So, how do ... [Read More...]
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Why chasing the utopian mortgage loan is not a practical long term solution
Most families would agree they would prefer to buy a home vs renting a home. Buying a home is not for everyone and it does require a certain degree of financial aptitude ... [Read More...]
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Why mortgage companies have to pull a credit report
When applying to purchase or refinance a home the mortgage company that you’re applying with is required to pull a copy of your credit report in order to issue a credit decision. ... [Read More...]
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What are the financial risks in buying a home today?
When you’re buying a home, you should be thinking about not just the purchase price of the house, but you should be really thinking about your household budget. Saving money and being ... [Read More...]
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Should you cash out refinance or get a home equity line of credit?
Inflation is hitting consumers right and left. Seems like everything is going up these days and one of the most expensive types of debt has just got even more expensive- consumer loans. ... [Read More...]
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Should you take an adjustable rate mortgage
With interest rates as high as they are consumers want adjustable-rate mortgages for payment relief. If you’re thinking about an adjustable-rate mortgage versus a fixed rate mortgage here are some...
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