Category: Refinance

Top 10 Uses for a Home Equity Line of Credit

Now offering HELOC mortgages

Many homeowners are using their home’s equity to secure a home equity line of credit. A HELOC is typically a second mortgage with interest only payments and low rates compared to credit cards or unsecured debts. Don’t miss out on these top 10 uses for HELOCs. 1. A HELOC can help you consolidate your debt… Read more »

2021 Conventional Loan Limits

2021 loan limits announced

Each year the Federal Housing Finance Agency (FHFA) reviews home appreciation and makes adjustments to the maximum conventional loan limits. With our booming housing market the FHFA was able to increase the new conforming loan limits substantially for 2021. Conventional loans are home loans sold to Fannie Mae and Freddie Mac. Nearly all banks and… Read more »

New Maximum Conforming Loan Limits for 2020

2020 Conforming Loan Limits

Conventional Loans are now bigger and better. The Federal Housing Finance Agency (FHFA) announced the new conforming loan limits for mortgages sold to Fannie Mae and Freddie Mac in 2020. In most of the U.S., the new 2020 maximum conforming loan limit for one-unit properties will be $510,400. This is an increase from $484,350 in… Read more »

Free Conventional Appraisals

We have some exciting news! Conventional Appraisals are now FREE for new loans submitted to us from 08/26/2018 that close by 12/31/2018! Free Conventional Purchase Loan Appraisals If you are buying a home, then take advantage of the our Free Appraisal program to keep up to an extra $525 in your pocket when we take… Read more »