Can You Refinance a Reverse Mortgage Loan?

Many homeowners refinance their traditional mortgages to obtain more favorable terms as they pay down their home loans. However, it’s also possible to refinance a reverse mortgage—a loan that lets older adults tap into their home equity without selling or making monthly payments. Here’s how a reverse mortgage refinance works, and when it might make … Read more

Can You Use a Personal Loan to Buy a Car? Everything You Need to Know

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free – so that you can make financial decisions with confidence. Bankrate has partnerships … Read more

2023 Conforming Loan Limits in Los Angeles County – Everything You Need To Know

Learn All About the 2024 Los Angeles County Conforming Loan Limits for Various Property Types. Call Sammamish Mortgage Today for a Personalized Quote! 90004 This page includes the 2024 conforming loan limits for Los Angeles County, with some additional commentary about how and why these caps are set. Home loans that exceed the maximum amounts … Read more

Everything You Need to Know About Non-Conforming Home Loans

A non-conforming home loan is a mortgage that does not meet the requirements set by Fannie Mae or Freddie Mac. These government-sponsored enterprises (GSEs) have guidelines for the loans they will purchase, including maximum loan amounts, loan-to-value ratios, debt-to-income ratios, credit history requirements, and eligible properties. Loans that fall outside of these parameters are considered … Read more