Active duty and veteran homebuyers have something big to look forward to in 2020. As a result of the Blue Water Navy Veterans Act of 2019, there will be no more limits on VA loans. The Advantages of VA Loans VA loans are backed by the U.S. Department of Veterans Continue Reading →
As we get closer to the new year, one thing we always want to take a look at is conforming loan limits. Every year since 2016, the Federal Housing Finance Agency (FHFA) has raised the maximum conforming loan limits on Fannie Mae and Freddie Mac backed mortgage loans. Record Highs Continue Reading →
After very weak numbers in September 2019, the number of construction permits and housing starts rose dramatically in October. This is a great sign in the field of new home construction. This is according to data recently released by the U.S. Census Bureau and the Department of Housing and Urban Continue Reading →
Technology has evolved how almost all business is done in today’s economy. Yet, the mortgage industry has been a bit slower to evolve than most other industries. It still requires a lot of paper pushing with so many documents to print, sign and notarize between all the parties involved. It Continue Reading →
Recently, the Federal Reserve announced it will be making another rate cut. This was an expected move that was well-covered in the news. However, it has had an averse effect on the mortgage market. We’ve seen mortgage interest rates go up before and after this Fed policy change was officially Continue Reading →
