Featured Story

Do You Have Enough Homeowners Insurance?

Homeowners insurance is not required by law, however, when you finance your home through a mortgage lender, they will most likely require you to take out a homeowners insurance policy. Paying into such an insurance policy each month assures that the necessary funds will be there for repairs and other issues should the need arise. Of course how much insurance you need is one … [Read More...]

Featured Story

When Can an HOA Raise Dues? By How Much and How Often?

About 20 to 30 years ago, residents of condo and townhome complexes were the predominant group of homeowners who were faced with the ins and outs of HOAs, or home owners associations. These days, they … [Read More...]

Featured Story

Are Conforming Loan Limits Higher for Multi-Family Properties?

Any discussion regarding “conforming loan limits” should include an explanation as to what they are. Conforming loan limits are the guidelines that were established to determine the reasonable and … [Read More...]

More Good Stuff

What is a 203(k) Streamlined Loan?

Sometimes all a house needs is some simple TLC to make it a home – but it’s not always easy for buyers to come up with the extra cash for repairs, even if it’s a fairly minor project.  That’s where an FHA 203(k) Streamline Loan can help.  This program differs … [Read More...]

Deciding Whether or Not to Pay Points on a Mortgage

When a homebuyer pays for “points”, he or she is paying a portion of the loan’s interest up front. Points are paid for in a lump sum that will reduce the interest rate on a fixed mortgage. Each mortgage loan point costs the buyer 1 percent of the total … [Read More...]

Portfolio Mortgage Loans

Soon after closing many loans are packaged together with others with similar characteristics and sold on the secondary market. The lender that made the loan may still handle the day to day management or "servicing" of the loan, but they transfer the ownership … [Read More...]