Tips to ensure a smooth mortgage experience Obtain a list of required documents from your loan agent:  This is super critical to help your loan officer to present your application in a complete manner, and get you the best rate. Depending on the loan program the list of necessary documents will vary.   DO NOT

FHFA announced the baseline conforming loan limit will increase to $647,200 (from $548,250 in 2021) on November 30, 2021.  Depending on the location of the property, the loan limit may be higher.  If you’d like to find more specific information, click on the link below to read the news release. FHFA Announces Conforming Loan Limits

The housing market is still hot for sellers, but the mortgage rates have been trending up. They are now at the highest since early 2021. Houses are still selling at an incredible pace, typically sold within one week after listing with an agent. As interest rates rise, there’s been a proportional shift to a lower

Foreclosure is beginning to see an uptick.  This is due to forbearance plans ending. Many home owners now face having to repay the full amount of deferred payments or adding the amount of suspended payments onto the monthly payment. There could be a trend in the following three months back to normal levels as the forbearances that were filed during

While mortgage rates remain low, demand for refinances seem to be falling. Strangely, the refi rates on America’s most common mortgage options have fallen significantly below historical averages despite the reviving economy. Most forecasters believe that todays rates won’t last, and consequently, that we should take advantage of them before they leave for good. However according