As interest rates begin to drop, you might hear everyone saying, “Now is the time to refinance!†But is it really? While refinancing can be a smart financial move, it’s important to carefully consider all the factors before making a decision. Let’s explore four common pitfalls to avoid when considering a refinance.
In the fast-evolving realm of real estate, staying abreast of key financial parameters is crucial for prospective homebuyers. One such pivotal metric is the conforming
What are Fannie Mae and Freddie Mac?
No they aren’t actual people. Fannie Mae is also known as the Federal National Mortgage Association and Freddie Mac is just another name for the Federal Home Loan Mortgage Association.
Fannie Mae and Freddie Mac are government-sponsored enterprises. This shareholder-owned corporation was created by Congress in 1938 to provide stability, liquidity and affordability in the mortgage market as part of President Roosevelt’s New Deal. They are now our nation’s largest purchaser of home mortgages.
Basically, Fannie and Freddie purchase Mortgages from lenders, so that the lenders have more money to lend out. They then securitize the loans and sell them as mortgage backed securities to investors.
Contrary to popular belief, increasing the value of your home doesn’t have to mean ripping up floors, tearing down walls, and spending every dime you
Your credit score is probably one of the most important aspects of your financials, and it is crucial to stay on top of it when
“Hi David, when are interest rates going up?”  John, I appreciate the question and if I knew for certain, I would tell you. As
What is a funding fee? The funding fee is essentially the way that the VA will guarantee your loan against default to the lender. It
