The Difference Between Conforming and Non-conforming Mortgage Loans

As you shop for a mortgage, you’ll likely hear the terms conforming and non-conforming thrown around. It’s important that you understand these terms and figure out how you fit into them in order to determine which loan is right for you. WHAT ARE CONFORMING LOANS? If you hear the term Fannie Mae loan or Freddie […]

Questions to Ask a Realtor When Buying Your First Home

Are you ready to buy your first home? Congratulations! You are about to embark on an exciting journey. Along the way, though, it’s easy to get overwhelmed. Before you get started, we recommend that you compile a list of questions you should ask your realtor. Below we help you understand the top questions every first-time […]

How to Obtain FHA Approval for your Condo Association

A condo association has many jobs aside from overseeing the development and caring for the common areas. As condo units turn over and people want to purchase them, they need access to various forms of financing. Most government-backed financing options require approval from the appropriate entity in order for the financing to go through. This […]

How the FHA Mortgage Insurance Affects Your Monthly Payment

If you take out an FHA loan, you’ll pay mortgage insurance for the life of the loan. The mortgage insurance protects your lender should you default on the loan. It’s in exchange for the low down payment requirements and flexible underwriting requirements the FHA offers.   Just how much does the FHA MIP affect your […]