Category: News

What is a HELOC?

What is a HELOC? A HELOC works like a credit card: you are given an approved limit which you can borrow against at any time. The lender will review your application and determine how much they are willing to lend you based on the amount of equity in your home. Once the limit is established, […]

What Is Fannie Mae & Freddie Mac?

Fannie Mae You’ve undoubtedly heard of Fannie Mae, also known as the Federal National Mortgage Association, whether you’re in the market to purchase a home, refinance a property, or just follow the news (FNMA). Even if you’re unfamiliar with how Fannie Mae operates, you’re probably aware that it plays a large role in the housing […]

How Long Does The Mortgage Process Take?

When you’re in the process of applying for a mortgage, it’s a good idea to evaluate your finances and create a budget. Then, to find out how much you may borrow, apply for a preapproval. Here’s what to anticipate at each stage of this particular section of the mortgage application process:   Examine your financial […]

All You Need To Know as a 1st Time Home Buyer

For first-time buyers, the process of purchasing a house might be complicated. After all, there are a lot of moving parts, things to do, and prerequisites that need to be met, and you may be worried about making a costly mistake. However, there are several benefits tailored specifically to first-time homeowners that exist to entice […]