Mortgage News, Tips and Resources

A jumbo loan limit varies, depending on location. In areas where the cost of living is higher, the limit also tends to be a higher amount.

Assumable loans let home buyers assume the remaining debt of a property's previous owner. In most cases, VA loans are assumable.

USDA loan closing costs vary depending on the size of the loan and the down payment. Other factors include lender and notary fees.

While conventional mortgage loans are not insured by the federal government, FHA loans are. Therefore, they are less of a risk for lenders.

You can get a home renovation loan through FHA-approved lenders that offer 203(k) loans, which could finance certain changes you want to make.

Over the past decade, jumbo mortgage rates have become more affordable for home buyers. However, these rates can change on a daily basis.

A duplex can be a good investment, as it as several advantages. But be sure to also consider the disadvantages before making a decision.

There are both pros and cons to buying a house in the summer. Typically, there are a high number of listings, but at higher prices.

Steps to buying a house include deciding on a budget, researching your mortgage options, finding the right realtor, and closing the sale.

There are both pros and cons to refinancing your house. For example, you may get a lower interest rate, but you first need to qualify.

You may be able to recoup some of your closing costs at tax time, as your property taxes, mortgage interests and points are tax deductible.

What documents do I need to apply for a mortgage? Your mortgage loan originator will ask you for bank statements, W2s and more.

Some questions to ask when buying a home include what the average prices in the area are and what repairs need to be addressed.

You, the home sellers, both of your attorneys, and a bank attorney are just a few faces you will find at the closing table when buying a home.

FHA 203(k) loans help people fund home remodeling projects. This is a great option for those looking to buy a home that needs some work.

There are many reasons to refinance your Long Island home. Since interest rates are relatively low, this could save you a lot of money.

For first-time home buyers, consider the type of property you want to purchase, get pre-approved for a mortgage, and work with a realtor.

Some benefits of reverse mortgage includes being able to get rid of your mortgage payments and making your retirement benefits go further.

The average closing costs on a home vary depending on the region in which you live in. For example,in New York, the average is $2,500-plus.

Reverse mortgages allow you to convert some of your home's equity into cash to help pay off your current mortgage or any outstanding debt.