Blog, Lender's Corner, Mortgage & Finance
As home prices increase across the country, upper limits for conventional loans are also on the rise. Recently Finance of America Mortgage (FAM) announced that it has temporarily increased conforming loan limits “to help borrowers overcome rising home prices,”...
Blog, Lender's Corner, Mortgage & Finance
As our population ages and many seniors face the stark reality that they simply haven’t saved enough for a comfortable retirement, reverse mortgages gain appeal. Generally available only to homeowners aged 62 or older who occupy their homes as a principal residence,...
Blog, Buying a Home, Lender's Corner, Mortgage & Finance
As home prices rise across the nation, it’s easy to feel discouraged if you’re a potential buyer. But mortgage rates are still near historic lows, which dramatically increases affordability. In fact, statistics show that now is actually a great time to buy. According...
Blog, Lender's Corner, Mortgage & Finance
As price tags on homes in the Denver area skyrocket, many first-time buyers are using cash gifts from parents and grandparents to meet down payments. In fact, notes Realty Times, “as of 2012, one in five baby boomers has either gifted, loaned or co-signed a loan to...
Blog, Lender's Corner, Mortgage & Finance
If you’re in the market for a loan higher than $417,000 — what the industry calls a “jumbo loan” — you may have noticed that interest rates haven’t favored you in recent years. Typically, these loans are offered at around .25 percentage points higher than conventional...
Blog, Lender's Corner, Mortgage & Finance
If you have a credit card you never use, you might be tempted to call the issuing company and cancel the card, simplifying your financial life. But consider this first: The more credit you have available to you that you aren’t using, the better your FICO credit...
