2021 Conforming Loan Limit Rises to $548,250

Thanks to another year of stellar home price appreciation, the 2021 conforming loan limit will increase to $548,250, per the Federal Housing Finance Agency (FHFA). This is the maximum loan amount for mortgages that can be acquired by Fannie Mae or Freddie Mac, known as conforming mortgages. The figure is up from $510,400 for mortgages [&hellip

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Coronavirus Mortgage Relief: What Homeowners Need to Know

The Coronavirus Aid, Relief and Economic Security Act—also known as the CARES Act—is a $2 trillion stimulus package passed by the federal government. The goal of the CARES Act is to provide relief for individuals and businesses struggling with the financial fallout of the COVID-19 pandemic and resulting shutdowns. One of the components of the… Read More

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What Is a Jumbo Loan? Finance Your Property in a Competitive Market

After years of building a stellar credit history, you may have decided you’re finally ready to invest in that vacation home, but you don’t have quite enough in the bank for that eye-catching property just yet. Maybe you want to…

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The post What Is a Jumbo Loan? Finance Your Property in a Competitive Market appeared first on MintLife Blog.

GSCU Mortgage Rates Reviews: Today’s Best Analysis

Granite State Credit Union (GSCU) provides members with a variety of mortgage products across the state of New Hampshire. GSCU AT A GLANCE Year Founded 1945 Coverage Area New Hampshire  HQ Address 1415 Elm Street, Manchester, New Hampshire 03101 Phone Number 1-800-645-4728   GSCU COMPANY INFORMATION Services the state of New Hampshire Offers conventional loans, […]

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U.S. Housing Market Will Withstand a Wave of Foreclosures When Forbearance Ends

Investors and first-time homebuyers will quickly buy up an impending wave of foreclosures from homeowners saddled with debt during the pandemic  More than 3.3. million of U.S. homeowners will be on the hook for delinquent payments when mortgage forbearance ends. While some of those homeowners who are overleveraged or unaware of their options will contribute …

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