by Alterna Mortgage | Mar 31, 2021 | Financing, Home Buying, Housing Market, Mortgage Programs
Anyone can look online at the general requirements to purchase a house. If you wander around long enough, you can figure out if you might qualify based on your current financial situation. When you’re ready to get serious about buying, though, you should take a look...
by Alterna Mortgage | Mar 7, 2021 | Home Buying, Housing Market, Mortgage Programs, Real Estate
One of the most common reasons people buy homes is for the immediate benefit of stable monthly payments. Once you own a home, you have a steady monthly mortgage payment for years with a fixed-rate mortgage. No more worrying about rental prices continuously going up. ...
by Alterna Mortgage | Dec 3, 2020 | Financing, Housing Market, Mortgage Programs, Real Estate
The Federal Housing Finance Agency recently announced a new baseline conforming loan limit for Fannie Mae and Freddie Mac in 2021: $548,250. This means that you can now borrow an additional $38,150. This can get you a house with more square footage, more land, better...
by Alterna Mortgage | Nov 11, 2020 | Interest rates, Mortgage Programs, Refinancing
During the recent election uncertainty, mortgage markets have been relatively steady. This is likely a result of investors expecting government control to be divided between the Democrats and the Republicans. For mortgage markets, a divided government typically is...
by Alterna Mortgage | Oct 30, 2020 | Interest rates, Mortgage Programs, Refinancing
One of the few good things we can all point to in 2020 is that this year’s lowest mortgage rates have provided homeowners incredible savings through refinances. If you own a home and have a 30-year mortgage that could benefit from a refinance, your first thought...
by Alterna Mortgage | Aug 3, 2020 | Housing Market, Interest rates, Mortgage Programs, Real Estate
The notion that summertime prices are always the highest prices is a myth. The truth is that there are a number of factors that determine home pricing such as summer slowdown at the office, fluctuating interest rates, general economic health, and this year: COVID....
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