Bitcoin has been a popular subject in the news lately and it’s been causing quite a stir in the real estate and mortgage industries, as well. What is Bitcoin? In case you weren’t aware, bitcoin is a type of cryptocurrency. It is a decentralized type of digital currency that allows Continue Reading →
The National Association of Realtors just released its October 2017 pending home sale index report for the United States. A pending home sale is one that is in contract, but has not yet closed escrow. Economic experts measure this as a barometer for future home sales. The good news is Continue Reading →
It was just announced that the Federal Housing Finance Agency (FHFA) has increased the conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac. The new baseline conforming loan limits will be in place to start 2018. The amount will go up from $424,100 to $453,100. And that Continue Reading →
HAVE YOU EXPERIENCED A DEROGATORY CREDIT EVENT, BUT ARE READY TO BUY A HOME AGAIN? HERE ARE THE GUIDELINES YOU NEED TO KNOW. If you are ready to buy a home again, but are concerned about your past credit issues, there are some things that you need to know about. Continue Reading →
Earlier this year, the Federal National Mortgage Association (aka Fannie Mae) released an updated version of its Selling Guide (SEL 2017-06) that mortgage loan underwriters use to determine loan approvals. There were numerous changes reported, including raising the maximum debt-to-income ratio (DTI) from 45% to 50%. You can read about Continue Reading →
