Tag: mortgage loans
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What’s Going On With Fannie Mae and Freddie Mac?
Many people acquire deeds by applying for conventional loans. When we say conventional, we mean loans supported by our country’s federal housing agency through two powerhouses of the mortgage world: Fannie Mae and Freddie Mac. That’s why we keep current with news on the policy changes happening in that agency. And there’s a lot to…
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Borrowing Against Your Equity: HELOCs, Home Equity Loans…and Interest Rates
One of the opportunities you have as a deed holder is the ability to borrow against the home equity you build over the years. But wait. How high is the interest rate you’ll have to pay? Is it worthwhile to pay that rate, in light of what the funds you borrow can do for you…
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Buying a Home on Disability: What to Know
For all hopeful buyers, whether or not they have disabilities, getting a mortgage comes down to a rather simple formula. It’s about how much a loan applicant spends, versus the applicant’s stable income. And yes, stable income includes disability benefits such as Social Security Disability Insurance (SSDI) and Supplemental Security Insurance (SSI). Disability income might…
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Do I Have to Pay Off My Student Loans Before Buying a Home?
This month, 150,000+ people received emails that say some of their student loan debt will be forgiven. The latest $1.2 billion worth of debt forgiveness is a ray of sunshine for many potential first-time homebuyers. It impacts a person’s access to mortgage loans, and therefore the ability to acquire property deeds. But what about the…
