by maria | Aug 23, 2016 | Uncategorized |
Not too long ago, they offered in abundance what are called ‘stated income loans’, more commonly referred to as ‘no doc’ or ‘low-doc’ loans, mortgages that require no documentation or little documentation to verify the...
by maria | Aug 23, 2016 | Exclusive QA |
Conventional loan limits are limits imposed on the amount of money you can borrow to finance a home purchase. The loan limit generally increases each year and applies to single-family homes in the 48 contiguous states, with higher limits in Alaska, Hawaii, Guam and...
by maria | Aug 23, 2016 | Exclusive QA |
They are the same as conforming and non-conforming loans. A conventional, or conforming, loan is one not insured by the Federal Housing Administration (FHA) or guaranteed by the Veterans Administration (VA), two federal government agencies that make homeownership...
by maria | Aug 23, 2016 | Exclusive QA |
Conforming loans have terms and conditions that adhere to guidelines established by Fannie Mae and Freddie Mac, the two, big quasi-government corporations that purchase mortgage loans from lenders then package them into securities that are sold to investors. Their...
by maria | Aug 23, 2016 | Exclusive QA |
That certainly is an option, although not one most people can afford. Unless you’re independently wealthy or have hit the jackpot, it may be difficult to make a ‘no-mortgage’ investment. And an investment is exactly how you should view it because you...