2/4/2020 | Casey Fleming | The reverse mortgage is the most heavily advertised mortgage product today, but all that promotion unfortunately includes very few facts. It is a complex financial product that is not right for everyone, but is a miracle for some and an elegant financial management tool for others. Let’s take a look...
Conforming Loan Limit Announced Early This Year
Each year the agencies review housing prices in the U.S. and set a new limit for loans they will purchase based on the amount needed to purchase a median priced home.
Does the Fed Rate Cut Affect Mortgage Rates?
However, it is a little more complicated than that. Mortgage interest rates are driven by the market, which responds to expectations of inflation.
Mortgage Rates Today
7/29/2019 | Casey Fleming | You have heard that mortgage rates have come down recently. The question on many folks’ mind is how far they come down, why, and how long will it last? Let’s start by looking at mortgage rates today. Mortgage Rates Are at a Three-Year Low Rates have fallen slowly but steadily...
Finance a Fixer-Upper with a Conventional Loan
7/2/2019 | Casey Fleming | How do you finance a fixer-upper? It recently became much easier and much less expensive. Let’s take a look: On June 19th Freddie Mac announced their new CHOICERenovation © loan. This loan allows a home buyer to purchase a fixer-upper home and finance all repairs with a single, permanent loan....
There is No Limit on VA Loans!
6/28/2019 | Casey Fleming | Are you a veteran? Have you ever asked what is the maximum loan amount for a VA loan? Well, now there is no limit. This is HUGE news! Congress passed a bill that eliminates the ceiling on the amount of a VA loan. Before this bill the biggest loan you...
How Do I Know When to Refinance?
It’s Not as Simple as You Think Interest rates are very low today – lower than at any time since November 2016. When that happens, you’re inundated with advertisements from mortgage companies enticing you to lower your payments, or pull cash out. Many of these advertisements use very attractive math to show you how much...
How to Shop For a Mortgage
Shopping for a mortgage can seem a little like going to an apothecary and asking for something to cure what ails you. The alchemist goes into the back room, mixes together a bunch of mystery ingredients, mutters something incomprehensible, and then, poof! Your cure is ready. You may feel this is what happens when you...