There are many steps in the journey to homeownership. While you might be dreaming about searching home listings and attending open houses, keep in mind that many of the steps in the process revolve around finding the right financing for your home purchase. Understanding the difference between prequalification and preapproval can help you move forward effectively
The Pros and Cons of FHA Loans
Could a loan insured by the Federal Housing Administration (FHA) be the financial tool that you need to succeed in your quest to buy your dream home? Reviewing the pros and cons of FHA loans will help you make an informed decision.
Will the Election Affect Mortgage Rates?
Every four years, a question resurfaces in the minds of prospective U.S. homebuyers: Will the election affect mortgage rates? Some prospective homebuyers might wonder if they need to postpone their plans to move to avoid soaring interest rates. Others may wonder if they ought to purchase a new home straightaway to take advantage of plummeting
How Do VA Loans Work?
With their excellent blend of lenient underwriting, competitive interest rates, favorable terms, and secondary benefits, the home loans offered as part of the U.S. Department of Veterans Affairs’ home loan program (also known as VA loans) have long been considered an appealing option for eligible homebuyers. For some, the changes made by Blue Water Navy
The Changes to FHFA Loan Limits in 2020
It’s a new year, and the Federal Housing Finance Agency (FHFA) has raised the limits on mortgages that can be acquired by Fannie Mae and Freddie Mac. Why should you care about the changes to FHFA loan limits in 2020? If you are planning to buy a home in 2020, these changes could increase your
