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Posts Tagged: mortgage terms

Looking to Buy a Second Home? Jump in Now Before Rates Go Back Up in April

Posted by & filed under Home Buying Tips, It's All About The People, Mortgage Process, News.

There will be rising costs for second home loans starting April 1, 2022. The FHFA (Federal Housing Finance Agency) recently announced that they will be increasing fees on specific home loans, including higher upfront fees on some high-balance and second-home loans that are sold to Fannie Mae and Freddie Mac. These fees will increase the… Read more »

20 Mortgage Terms You Need to Know Before Buying a Home

Posted by & filed under Mortgage Process.

When looking into buying a home, you can be bombarded with an alphabet soup of acronyms and technical terms. To help you easily navigate the process, here are the ABCs you need to know before jumping into buying a home: Adjustable Rate Mortgage (ARM) – A mortgage with an interest rate and payments that adjust… Read more »