The Federal Housing Finance Agency (FHFA) announced that conforming mortgage loan limits for 2013 shall remain unchanged from the previous year. Explanation of a “Conforming Loan Limit” Loans that are made to individuals are sold on what is known as the “secondary market.” It is common practice for a local lender to sell a loan, [...]
Here’s a parody of what it is like to purchase a bank owned home in today’s market. Sad but true the conversation is very realistic. Best enjoyed with a Cabernet or perhaps a nice stout beer. Unfortunately there’s so much truth to this it makes me want to cry.
Home ownership is the American Dream come true. No where on earth is becoming a home owner easier than it is in the U.S! Owning a home is part of our heritage and the desire to put down roots is strong. The home ownership path is not always as easy as one would like. First [...]