Tag: Loans

Posted on 08/15/2021
How Much Should You Put Down When Building Your Home?
Photo by Karolina Grabowska from Pexels Most people who decide to build a new house plan on financing the construction via one of the multiple financing options available. However, the size of the down payment depends on what type of loan is taken out for the project. The following is a breakdown of what different loan programs commonly...
Building
Financing
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Posted on 09/27/2020
Jumbo Loans: How Conforming Loan Limit Increase Affects the Jumbo Market
Image by Arek Socha from Pixabay If you bought a house that was over $484,350 prior to 2020, you had to get a jumbo loan, which is a non-conforming loan. The Federal Housing Finance Agency (FHFA) increased the limit on conforming loans to $510,400 in most areas. The FHFA also increased the loan limit to $765,600 in some...
Jumbo Loan
Mortgage
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Posted on 08/11/2019
What Do Lenders Look for?
If you are looking to get a new loan, especially for a mortgage, a bank or your lending institution will review and approve or decline your application based on the information you provide. That said, there is certain information that prospective lenders consider carefully when they examine your application for a home loan. This article is all about...
Loans
Mortgage
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