LOAN LIMITS IN 2020

LOAN LIMITS IN 2020

Fannie Mae announced that they will increase the conforming loan limits for 2020. But what does this mean for homebuyers and homeowners? First, a little baseline… Every single county in the United States has a maximum loan amount that Fannie Mae (FNMA) and Freddie Mac...
I WANT TO BUY A HOME… NOW WHAT?

I WANT TO BUY A HOME… NOW WHAT?

There’s a lot of confusing information online when it comes to buying a home. And buying a home is a big deal. Where should you start? Do I talk to a Realtor first? Do I need a 760 credit score, or 20% down? Who is FHA? What is a Conventional loan? Well, here are the...
PROS AND CONS OF FHA LOANS

PROS AND CONS OF FHA LOANS

Why would someone choose an FHA loan? Is it right for me? What are the pro’s and con’s of an FHA loan? FHA loans have more flexible terms, and are great for someone with a credit score under 680, or with little money for a down payment. Many first-time homebuyers use...