by Mark Chaffee | Dec 26, 2023 | Mortgage Tips
You may have seen our recent announcement that conforming and FHA loan limits are increasing for 2024. This is great news because it means that two of the most popular types of mortgages are now or will soon be available for larger loan amounts. Higher limits allow...
by Mark Chaffee | Nov 28, 2023 | Homebuying, Mortgage Tips
Today’s higher mortgage rates have increased the cost of buying a home, but most recent homebuyers have a plan: buy now, refinance later. According to a survey conducted by U.S. News in September, 84% of homebuyers who purchased a home with a mortgage in the previous...
by Mark Chaffee | Nov 14, 2023 | Mortgage Tips
As the holidays draw nearer, many people are beginning to plan their gift shopping. If you need a little extra help choosing gifts for the important people in your life, here are some tips that will help you select the perfect presents without breaking a sweat or the...
by Mark Chaffee | Oct 3, 2023 | Mortgage Tips
Starting a new job. Receiving a large cash gift. Buying a new car. These are all typically happy and exciting events. However, if you’re considering applying for a mortgage – or are already in the process of obtaining one – these developments could spell trouble for...
by Mark Chaffee | Sep 5, 2023 | Mortgage Tips
If you’re paying for private mortgage insurance (PMI) on your home loan, you may qualify to remove it early. Since mortgage insurance only protects your loan servicer (the company you make your mortgage payments to) and not you, the sooner you can get rid of it and...
by Mark Chaffee | Jul 11, 2023 | Homebuying, Mortgage Tips
Homeownership can be a rewarding investment, but the upfront costs are one of the biggest barriers to buying a home. Many people believe they need tens of thousands of dollars to purchase a property, but much more affordable options may exist. Here’s an overview of...