Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. They are in a better position to build wealth because of their home. The organization surveyed adults who turned 60 or 61 between 2003 and… read more →
Fannie Mae and Freddie Mac Baseline Limit Will Increase to $453,100 The Federal Housing Finance Agency (FHFA) announced on Tuesday, November 28th, that the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018. In most of the U.S., the 2018 maximum conforming… read more →
Buying a home can be overwhelming, but even more so when unfamiliar jargon and acronyms are thrown your way. There are over 91 total acronyms that Fannie Mae Sellers Guide references. Here are a few descriptions for common acronyms the mortgage industry has been using to help you through the… read more →
Expected increase for conforming mortgage limits. The federal government is increasing the limit for conforming mortgages from $417,000 to $424,100 in most regions of the United States starting Jan. 1, 2017, the Federal Housing Finance Agency announced Wednesday—the first such increase since 2006. The approximately 1.7 percent bump in the… read more →