Mortgage News
The latest real estate and mortgage industry news, digested. Look beyond the headlines to better understand what’s really happening.2020 FHA Loan Limits Rise Five Percent from a Year Earlier
Another year, another increase in FHA loan limits, thanks to yet another rise in home prices. This is good news if you’re thinking about taking out an FHA loan, as you’ll likely be able to borrow a little bit more ... Read More »
2020 Loan Limits Rise Above $500,000 for Conforming Mortgages
It’s that special time of the year again when the Federal Housing Finance Agency (FHFA) adjusts the conforming loan limit for the upcoming year. As expected, the loan limit is going up again thanks to another year-over-year increase in home ... Read More »
Offerpad: Sell Your Home in 10 Days Without Listing It
If you’re thinking about selling your home, you may have come across a company by the name of Offerpad. They are one of the original iBuyers, or instant buyers of homes, currently operating in a dozen metros nationwide. In short, ... Read More »
Apple Pledges $1 Billion in Mortgage Assistance to First-Time Home Buyers in California
You know them for your computer, your phone, your TV streaming device, your TV programs (soon), maybe your credit card, and now possibly your mortgage too. No, it’s not quite the launch of Apple Mortgage some may have hoped for, ... Read More »
Divvy Homes Review: Rent Now, Buy Later
Yet another disruptor, known as Divvy Homes, is out to change the rent-to-own space so more renters can become homeowners. Divvy says it’s like a lease, but unlike a typical lease, it’s designed to help you inch your way to ... Read More »
RealSure Review: Guaranteed Cash Offer While Your Home Is Listed
There’s no question real estate is in full disruption mode, with endless companies vying to turn the age-old model of buying and selling homes on its head. Each week, a new company or initiative is launched to change the game, ... Read More »
Are We on the Verge of a Housing Boom or Bust?
Is real estate set to boom or is another bust imminent just a decade after the last housing crisis? There’s been a lot of chatter on both sides of the argument lately, so which one is it? We Should Be ... Read More »
Compass Launches Bridge Loan Services to Close Gap Between Selling and Buying a Home
Real estate brokerage Compass has launched a unique new offering known as “Compass Bridge Loan Services” that solves the buy before you sell conundrum. Many existing homeowners buy replacement properties when selling their current ones, but it can be tricky ... Read More »
If You Took Out a VA Loan in the Past 20 Years, Look Out for a Possible Refund
Over the past few years, VA loans have been at the center of controversies related to loan churning and high prepayment speeds. In short, some veterans were refinancing their home loans at a very aggressive pace, whether beneficial to them ... Read More »
2012 Was a Really Good Year to Buy a Home
A new report from Redfin revealed 2012 was an absolutely fantastic time to purchase a home. Collectively, that crop of home buyers earned $203 billion in equity since their well-timed purchases, with the median homeowner having gained 261%, or $141,000. ... Read More »
