Posts Tagged ‘mortgage’

Affordable Housing

Affordable housing is a huge issue in our country. HUD considers anyone paying more then 30% of their income towards housing as cost burdened and may have difficulty affording basic life expenses such as food. In many parts of our country I would argue the average housing payment is 42% of the majority of buyer’s…

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2019 Loan Limits Going Up

Fannie Mae and Freddie Mac have increased conventional loan limits for 2019: Explained I am sure by now you have seen at least a few social media posts about loan limits going up. They basically say new loan limits for 2019. I am here to give you the full low down so next time you…

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How Much Mortgage Can I Afford?

You will need a basic calculator for this.  The one on your phone is totally fine. In a perfect world you would talk to a great, amazing mortgage originator upfront.  However, we all know that is not realistic and if you are like me you want to crunch the numbers first to get a rough…

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The Fed Raised Rates, Now What…

Yesterday, June 13, 2018, the Fed raised rates by .25% and said there was a strong possibility of two more rate hikes this year.  In mortgage land we always gasp when the fed raises rates primarily because we know we will be fielding 20 calls of buyers who think they now will be priced out…

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How long should it take to close a home loan?

I’ve been thinking a lot about the mortgage process.  I’m fortunate to work for a company where our CEO is constantly thinking about the same thing –  How can we make it better and faster and easier for our clients while still giving them solid advice and fantastic rates and loan options? When I personally…

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