The Federal Housing Finance Agency (FHFA) today announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2017 will increase. In most of the country, the 2017 maximum loan limit for one-unit properties [...]
Veteran Affairs (VA) loans were always a good deal for veterans and their families, loan officers say, but they weren’t always popular.
Many veterans as recently as the early 2000s wouldn’t use the program to purchase homes or refinance, even [...]
Refinance into a 15-year mortgage and save a ton of money.
There are at least 2 ways that refinancing into a 15-year mortgage saves money:
Interest rates on 15-year, fixed-rate mortgages typically run about three-quarters of a percentage point [...]
VA Home Loans
Demand has been booming for Veterans Affairs mortgages, known as VA loans. These mortgages do not always require a down payment and are available to military veterans and active military members. VA loans are made through private [...]