Most of the standards that are followed by mortgage lenders are set by Fannie Mae and Freddie Mac, GSE’s or government-sponsored enterprises. Mortgages that meet all of these criteria are commonly referred to as “conforming” loans since they conform to the prescribed requirements. However, there are certain times when a […]
During Times of Economic Uncertainty, Should You Still Buy a Home?
With today’s fears of COVID-19 and the expansive financial uncertainties that have come with it, it’s causing a great amount of anxiety with buyers, particularly when more important things are being considered. Although these are unprecedented times, it’s also important to consider that these economic hardships should be shorter in […]
Why are Homebuyer Education Courses so Important?
It’s safe to say that the homebuying process is considerably more complex than leasing or renting an apartment, home, or studio. Owning your home requires a long-term financial commitment and heavy responsibilities. Fortunately, some states provide what are known as “homebuyer education courses” that can be completed in a classroom […]