Refinancing your mortgage can be a great way to reduce your interest and save overtime. However, homeowners should tread carefully to make sure it's the best decision. To help, Michele Hammond, a private home lending advisor with JPMorgan Chase, shares several key questions to determine the best ... » Learn More about Refinancing Your Mortgage? Read This First
mortgages
How to Save Big on Mortgage Costs
While a myriad of expenses go into buying and owning a home, the biggest nut for most is the mortgage payment. Here are five great tips from Bankrate for reducing mortgage costs—both before and after you purchase a home. First, get pre-approved for your mortgage, not just ... » Learn More about How to Save Big on Mortgage Costs
What are conventional loan limits?
These are limits imposed by Fannie Mae and Freddie Mac on the amount of money you can borrow to finance a home purchase. The loan limit generally increases each year and applies to single-family homes in the 48 contiguous states, with higher limits in Alaska, Hawaii, Guam and the U.S. Virgin Islands ... » Learn More about What are conventional loan limits?
