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Mortgage Advice, Real Estate Market Updates, and Home Buying Tips
Understanding Mortgage Insurance: A Comprehensive Guide
Published:
August 8, 2023
For those seeking low down payment options, mortgage insurance is a crucial factor to keep in mind. Though it comes with additional costs for the borrower, it enables lenders to provide accessible financing opportunities. To make informed decisions on the journey to homeownership, it's essential to understand the different types of mortgage insurance and their implications.
2023 Conventional Loan Limits Are Now Available
Published:
November 30, 2022
On November 30, 2023, the Federal Housing Finance Agency (FHFA) unveiled the latest updates to the Conforming loan limits, which could have a significant impact on your homebuying journey. As of this announcement, prospective homebuyers now have the opportunity to access increased borrowing limits, reaching up to $726,200 in the majority of Massachusetts and Rhode Island counties. For those seeking homes in high cost areas, the loan limit extends to an impressive $1,089,300.