Why You Should Use a Local Mortgage Lender

Why You Should Use a Local Mortgage Lender

When it comes to buying a home, one of the most important decisions you’ll make is choosing a mortgage lender. While you can work with a lender from anywhere in the country, so long as they’re licensed to originate loans…
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Renting vs. Buying a House – What’s Right For You?

As you’re looking for a new home or apartment, the first question you usually have to answer is whether or not you’re in the market to rent or buy. While you might be able to easily pose that question, answering…
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A Guide to First-Time Homebuyer Programs in 2023 

For many homebuyers, this purchase is the most significant that they will make in their lifetimes. From the outside looking in, the home buying process can seem daunting. Fortunately, first-time homebuyer programs help ease your financial burden and provide additional…
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How to Save on Your Down Payment with an FHLB Grant

We all dream of our perfect home. Maybe yours has a spacious backyard for your pets to roam. Or perhaps it’s an apartment with a nice view of the sunset each evening. While it’s easy to visualize what you want…
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What is the FHFA First-Time Homebuyers Rate Discount?

Last year the Federal Housing Finance Agency (FHFA) announced changes to Fannie Mae and Freddie Mac’s pricing structure to reduce fees for certain homebuyers and mortgage products.   The intent of these changes is to help more Americans become first-time homeowners…
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What is a Buydown on a Mortgage?

Buying down the interest rate on a mortgage loan can be an effective way to save money and potentially get into your dream home faster.  The savings from any buydown option will translate into lower monthly payments for you as…
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FHFA Announces New Conforming Loan Limits for 2023

The Federal Housing Finance Agency (FHFA) recently announced new loan limits for 2023, which will provide more flexibility to homebuyers in high-cost areas. These are known as conforming loan limits.  The baseline conforming loan limit for a single-family home increased…
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What Are Non-Conforming Loans and How Do They Work?

As you begin your homebuying journey, your first concern is probably, “How am I going to finance my house?” If you’ve missed a couple of credit card payments and your credit score is still recovering, or you once filed for…
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Reasons Why We’re Not Headed For a Housing Market Crash

Sherry Riano, FHM Loan Officer, contributed to this article. There’s been a lot of concern from prospective home buyers and existing homeowners over the past several months. With inflation continuing to rise and interest rates headed in the same direction,…
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Should You Buy a House Now or Wait?

Even during the best economic times, it can be hard to feel fully confident in being ready to buy your first home. There’s a lot to consider. You want to make sure you have enough saved up for a down…
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