How much mortgage can I afford?

How much mortgage can I afford?

Before potential homeowners apply for a mortgage, they may ask themselves the all important variable, “How much home can I afford?” It’s always a good idea to ponder affordability in advance because it means you can look for houses that fall exactly within the your price range. Read More

Conventional Loans – Conventional Conforming Loan Programs

Conventional loans have been considered the garden variety mortgage program for over 80 years. The term ‘conventional loan’ is defined as any mortgage that isn’t guaranteed or insured by a government agency. Today’s conventional loans may be either “conforming” or “non-conforming”, although ‘conforming loan’ programs are often loosely referred to as ‘conventional loans’. Conventional conforming loans are conventional programs that meet or ‘conform’ to guidelines set forth by the Federal Housing Finance Agency (FHFA), as well as the funding criteria for either Fannie Mae and Freddie Mac.

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Conventional Loan Requirements and Conventional Mortgage Guidelines | 2017

Conventional Loan Requirements

What is a Conventional Loan?

By definition, a conventional loan is any mortgage that’s not guaranteed or insured by the federal government. Conventional loans can be either “conforming” or “non-conforming”, although conventional loan requirements generally refer to the set of mortgage guidelines that ‘conform’ to the government sponsored enterprises (GSE’s) like Fannie Mae or Freddie Mac. Hence, when you hear someone talking about ‘conventional loans’, ‘conforming loans’ or ‘conventional conforming loans’, they’re likely referring to the same thing. Read More

What You Need to Know About Being a Landlord

Landlord Tips

One way to make money in real estate is to be a landlord. If you own a home that you aren’t ready to sell, you can rent it out to someone else, and they can pay the mortgage on the property until you are ready to sell. It’s also possible to buy multi-unit housing, from duplexes and fourplexes to apartment buildings with several units. Read More

USDA Mortgage Loan Tips and Advice

USDA Loan Tips

The U.S. Department of Agriculture (USDA) is the agency that makes it possible for familys’ in rural areas to purchase their own home with no down payment.  USDA mortgage loans are offered to qualifying individuals and families across more than 95% of the U.S. land mass. Read More

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