Conventional Mortgages

What Do Fannie Mae and Freddie Mac Have to Do With Mortgages?

What do Fannie Mae and Freddie Mac have to do with mortgages?

When starting to research getting a mortgage by learning the difference between Freddie Mac and Fannie May.
How to Calculate What an Affordable Home Is

How to Calculate What an Affordable Home Is

When looking at how to calculate what an affordable home is, the first step is estimating what your principal and interest would be.
Mortgage Pre-Qualification Vs Pre-Approval

Mortgage Pre-Qualification vs. Pre-Approval

When thinking about pre-qualification vs pre-approval it's about following all the application procedures for first-time homebuyers.
Factors That Affect Your Interest Rate

Factors That Affect Your Interest Rate

First-time home buyers may have an idea of what will affect their interest rate as they apply for a mortgage but may not see all the factors.
Mistakes Borrowers Make Part 2

Mistakes Borrowers Make Part 2

When you apply for a mortgage there are many mistakes borrowers can make such as getting a new credit card, learn how you can avoid mistakes.
Mistakes borrowers make Part 1

Mistakes Borrowers Make Part 1

Avoiding these common mistakes will help you get through the process as quickly as possible when applying for a mortgage.
Conforming and Nonconforming Loans

What Is the Difference Between Conforming and Nonconforming Loans?

Conventional loans can be categorized in two ways: Conforming and Nonconforming Loans. There is a rather simple distinction between the two.
How Conventional Mortgages Differ From Others

How Conventional Mortgages Differ From Others

Conventional mortgages often meet down payment and income requirements set by Fannie Mae and Freddie Mac with a credit score of at least 620.
How to Keep Your Monthly Payments as Low as Possible

How to Keep Your Monthly Payments as Low as Possible

Knowing how to keep your monthly payments as low as possible is important when trying to figure out your perfect monthly budget for housing.
How COVID has Affected FHA Loan Requirements

How COVID Has Affected FHA Loan Requirements

The COVID-19 pandemic has made some lenders make their requirements more stringent. See why...
What is the FHA Streamline Refinance Program?

What is the FHA Streamline Refinance Program?

FHA backed loans provide homebuyers with the unique opportunity to purchase a house with flexible terms, a lower interest rate, and...
Are FHA Loans Good For First Time Homebuyers?

Are FHA Loans Good For First Time Homebuyers?

Since 1934, The Federal Housing Administration has opened the door for millions of Americans to gain homeownership.