Bella Mertz It makes sense for people to inquire about their ability to obtain a mortgage when they learn they have a credit score of 500. However, it makes more sense to ask, “What kind of mortgage loan should I get for my house?” when you consider that even people with low credit scores can apply for … Read more
Update: On November 29, 2018, we added the updated conforming loan limits for 2023 to this page. Federal housing officials have increased the limits for most U. S. counties in response to rising home prices. Refer to the spreadsheet below for the new figures. On this website, you can find county-specific 2023 conforming loan limits … Read more
You might be unsure of whether you must pay taxes on the amount of a 401(k) loan when you take one. Check to see if and when you need to pay taxes on a 401(k) loan. 3 min read. If your 401(k) plan permits it, you might think about borrowing money to pay for an … Read more
Choose YOUR tax refund preferences by completing an easy tax interview (including options for holiday tax loans and refund anticipation loans). ) E-filing your tax return does not require a “RAL” (refund anticipation loan). There are no upfront costs if you choose a “RAL.” For traditional refund anticipation loans and holiday tax loans, taxpayers approve … Read more
Although homebuyers can access these programs nationwide, the specific loan requirements may vary slightly from state to state. The 5% down options are available for refinancing loans as well as Jumbo purchase transactions. Home buyers will want to be aware of the crucial loan application requirements, which are all detailed below. Please call us at … Read more
Before a deceased person’s instructions can be carried out, the probate court must first approve the will as part of a legal process called probate. There are specific tasks that the executor must complete from the time the will is challenged in court until the estate is distributed. These actions are what we mean when … Read more
Most financial tools aren’t as aptly named as jumbo loans. One loan where technical language doesn’t get in the way is this one As the name suggests, jumbo loans are big. Jumbo loans differ from other lending options for more reasons than just the loan’s size. Do jumbo loans require mortgage insurance? Making a down … Read more
The amount of money that can be borrowed through a typical home loan has recently increased by the Federal Housing Finance Agency (FHFA) to $726,200. * In some Colorado regions, the cap is even higher. The new limits will take effect in 2023. This is great news for buyers and owners alike. Buyers may be … Read more
Choosing to purchase a duplex or other multi-family property can help you get on the road to financial independence. Whether you’re a first-time home buyer or you already have real estate, investing in a multi-family building can increase your home’s value, generate additional cash flow, and provide passive income. FHA financing or conventional financing are … Read more
offered to qualified veterans with no requirement for a down payment or mortgage insurance Guaranteed by the U. S. Department of Veterans Affairs. 620 Federal Housing Administration(FHA) Loan Loan insured by the Federal Housing Administration that has fewer restrictions and more flexibility Offered to buyers with plans to build. Make interest-only payments until construction is … Read more