24
Feb
By
Home Buyer Tips, ,

Buying a New Home? Learn How the ‘Conforming Loan Limit’ Might Affect Your Purchase

From mortgage to equity to debt-to-income ratio, there are many terms associated with home ownership that can be quite confusing if you've never been on the market for a home before. 'Conforming loan limit' may be a less familiar real estate term than the rest, but here are some things you'll need to know about it and what it could mean for your biggest investment. What Is The 'Conforming Loan Limit'? The Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) are legally required to provide loans for balances below a specific amount, and…
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10
Feb
By
Homeowner Tips, ,

3 Reasons You Might Decide to Retire to a Tiny Home – and Why You’ll Love It

Many people romanticize the idea of paying off their home mortgage early so they can enjoy their home in retirement, but when it comes to the later years of life, a big house can actually be too much to handle. If you've started to consider a smaller home and are wondering why it might be a good decision for you and yours, here are a few things you may want to consider. It's Much Easier To Maintain It is often the idea of the palatial estate with a pool that homeowners get excited about, but when it comes to reality,…
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03
Feb
By
Real Estate Tips, ,

Understanding How Home Equity Works and Why Buying a Home Can Be Your Best Investment

When delving into the world of real estate and investment property, there are many terms that will come up that require further explanation. Whether you've never heard the phrase 'home equity' before or you have a little familiarity, here are the ins and out of what it means and how this asset can help your financial outlook. All About Home Equity Essentially, home equity refers to your portion of the value of your home, and the amount of this figure is important because it is included among your assets when determining your net worth. If this sounds confusing, think of…
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