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
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
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?