Mortgages
The Federal Housing Finance Agency (FHFA) announced a new conforming loan limit increase of $98,950 this week. This brings the limit up to $647,200 from $548,250 in 2021. It also opens avenues for many who might otherwise have a tough time in this hot housing market. What is a Conforming Loan Limit? A conforming loan…
The surge of first-time homebuyers is growing at an incredible pace. Spurred by latent economic effects of our recent COVID climate, many have been drawn to the market by a perfect combo of cash stimulus and limited opportunities to spend. While many restaurants, bars, and entertainment venues have been out of commission, home offices have…
With concerns about the real estate disruptor’s profitability likely putting a lead foot on the pedal, Compass announced that the brokerage has engaged Guaranteed Rate to found OriginPoint, a new mortgage origination company that will roll out to Compass offices soon. It’s been no secret that Compass, launched as a residential real estate brokerage in…
Local mortgage experts say homeowners who can’t pay their mortgage because they’ve lost income due to COVID-19 have several options for mortgage relief — but you have to ask. “If you need help, ask for help,” says Lisa Peters, branch manager for the Sherry Lane branch of Caliber Home Loans. “There are a lot of…
In the 29th episode of the BobMortgage Zone, Bob Johnson (AKA BobMortgage) gets down to the nitty gritty of that initial pre-qualification discussion. As Bob tells a client who hasn’t purchased a home in a while, the pre-qualification conversation isn’t anything you should be anxious about. Instead, it covers some important information that can help…
