FHA Loan Limit Ceiling Increases for 2018

The Federal Housing Administration made news for 2018. They have updated the loan limits, which means an increase for most of the country. Please feel free to email or call me to discuss what the new FHA limit will be for our area. You can read more about this increase  here , or I am happy to answer any questions you have on this loan program. If you are considering buying a home in 2018, there are awesome opportunities that will be available.

Why Buyers Need a Real Estate Agent

Why do buyers need a real estate agent? There are many reasons, but here are our top five 1. The right agent can make all the difference. Real estate agents know the city and everything surrounding it. They know the best schools, the best areas of interest, and where the pockets of growth are. They understand where property taxes are higher or lower, listen to a buyer’s needs, and give their best advice. 2. Agents know pricing. Real estate agents do not set the prices, but they do guide sellers to make the best possible decision. When selling a house, agents can weigh out comps in the area and make suggestions based on current inventory. For buyers, Realtors can determine what the right

Understanding Your Interest Rate

Buying a new home is one of the most important purchases you can make and I am here to answer all of your questions. The lender you choose to work with makes a difference in the interest rate you receive. On any given day, mortgage lenders’ interest rates will vary by up to 0.25%. We are often asked: How do I get the best interest rate on my mortgage? How come different lenders have different interest rates? Why do interest rates change? Lenders have different rates because of the way they operate. Last year, Fairway Independent Mortgage closed about $11 billion worth of mortgage loans across the country. The higher loan volume allows Fairway to get access to low rates. We focus on great cus

Review Your Mortgage to Achieve Financial Goals

As we near the end of 2017, I would love to help you reach your financial goals in the coming year. By scheduling a mortgage checkup with me, we can discuss your current situation as well as your goals for the future. There are many questions we will go over to understand if it is a good time to purchase a new home or refinance your current mortgage. We will begin by thinking about your future. Ask yourself, what are your real estate goals for the next 5-10 years? Maybe you want to purchase your first home, or maybe you want to purchase a vacation home. Analyze if you anticipate any changes in your employment or income over the next 5-10 years, as this could affect what you are able to affor

Saving for a Down Payment

There are many things that you can do to make the process of preparing for your down payment easier. As a Mortgage Planner, I can be a valuable resource to analyze your finances and help you decide how much home you can afford as well as how much money you should put down. We will review your credit report together and discuss what home loans may fit in your overall plan. We can determine what a good budget for your home will be, including monthly expenses such as utilities. If you are putting together a budget to save for your down payment, here are some simple tips to help you begin: Open a savings account so that you can put money aside. Set up an automatic portion of your paycheck to tra

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