FHA (Federal Housing Administration) loan limits are an important factor to consider when purchasing a home. FHA loan limits refer to the maximum amount of money that you can borrow using an FHA-insured loan. Here are some ways in which FHA loan limits can affect your home purchase: Loan Amount: FHA loan limits determine the...
If you are in the market for a home loan, you may be wondering which type of loan is right for you. In this article, we will compare FHA and conventional loans and help you determine which one is the best fit for your needs. What are FHA Loans? FHA loans are backed by the...
You don’t have to make a six-figure-a-year income to become a homeowner. There are many ways for people with all budget sizes to secure a home loan without having to get a second job or feel obligated to pinch pennies every month. If you are looking into a low-income home loan, you should consider programs...
Mortgages are one of the most important financial decisions that people make in their lives. A mortgage is a loan that is taken out to purchase a property and it is usually the largest loan that a person will take out in their lifetime. For many people, their home is the most valuable asset they...
Jet Direct Mortgage The terms used in the mortgage industry can be confusing. A mortgage payment looks like one large payment, but it is actually made up of several different parts. The main parts of payments are principal and interest. The amount of your monthly mortgage payment is based on your loan amortization, which is...
One phrase you’ll see repeatedly if you're buying a home is “annual percentage rate” or APR. But what does that mean?
If you have been finding it very hard to get a mortgage, there are certain things you can do to make the whole mortgage process easier for you.
There’s a reason homebuyers are always hearing that they should get pre-approved before shopping for a home, and yet, many buyers still choose not to get a pre-approval.
With today’s interest rates still incredibly low, refinancing is still a common topic of discussion. Refinancing can be a great way to help save money, but it’s not a great option for everybody.
It’s a common misconception that FHA loans are for first-time homebuyers while conventional mortgages are for seasoned homebuyers, but that’s not necessarily the case.