Realtor Archives - E5 Home Loans

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How to Handle the Largest Data Breach in History

Protect yourself after a data breach with the following resources, and find out if your information was compromised. Recently, one of the largest and most impactful data breach involved National Public Data (NPD). The data breach exposed an estimated 2.9 billion records, including names, addresses and Social Security numbers. Because this breach was so large, […]

Tax Deductions for Homeowners

Tax deductions for homeowners can vary based on factors such as location, the tax laws in effect, and individual circumstances. However, common tax deductions for homeowners in many jurisdictions often include: Mortgage Interest: Homeowners may qualify to deduct the interest paid on a mortgage loan used to buy, build, or improve a primary or secondary […]

FHA Announces 2024 Loan Limits

The Federal Housing Administration (FHA) announced new 2024 loan limits for the upcoming calendar year. The 2024 limit is $498,257 for one-unit properties in low-cost areas (increased from $472,030 in 2023). The new loan limits are effective for FHA case numbers assigned on or after January 1, 2024. The National Housing Act requires the FHA […]

New 2024 Conforming Loan Limits

The Federal Housing Finance Agency (FHFA) released the new 2024 conforming loan limits for conventional and VA loans* effective November 29, 2024. The 2024 limit is $766,550 for VA and one-unit conventional loans (increased from $726,200 in 2023). Each year, the Federal Housing Finance Agency (FHFA) evaluates conforming loan limits and makes adjustments to account for […]

Short & Long-term HELOC Benefits

A Home Equity Line of Credit (HELOC) offers several benefits to homeowners, depending on their financial needs and circumstances. Higher mortgage rates cooled homeowners’ desire to move. Fortunately, increased home values make accessing home equity a popular alternative if you’re looking to remodel, invest, or consolidate debt. Here are some of the key advantages of […]

No-Cost Appraisals* with 1-0 Temporary Rate Buydowns

With mortgage rates remaining high, E5 Home Loans is now offering No-Cost Appraisals* with 1-0 Temporary Rate Buydowns. Yet another way to help buyers save money and sellers sell their home faster. From now until March 31, 2024, we’ll cover the appraisal costs on all conventional and government loans when you utilize our 1-0 Temporary […]

The Difference Between a HELOAN and a HELOC

A “HELOAN” is not a widely recognized financial term. It may be a combination or abbreviation of two related terms: “HELOC” and “Home Loan.” In this article, we explain both of these terms and the differences: HELOC (Home Equity Line of Credit) As explained in our previous post, a Home Equity Line of Credit (HELOC) […]

What is a HELOC?

HELOC stands for Home Equity Line of Credit. It is a financial product that allows homeowners to borrow money using their home’s equity as collateral. HELOCs are often used for various purposes, including: Home improvements Debt consolidation Education expenses Other major expenses They offer flexibility because you only pay interest on the amount you borrow, […]

How to Prevent Wire Fraud

Wire fraud is a criminal act that involves the use of electronic communication or wire transfers to defraud someone. It typically occurs when nefarious individuals mislead others to send money electronically, such as through wire transfers. The most common example of wire fraud we are seeing in the real estate lending industry is a phishing […]

Benefits of an online application

Applying online for a mortgage is a convenient and easy way to start the process of buying a home. The E5 Home Loans online application takes only 5-10 minutes. Simply enter your contact info, income history and answer a few questions. Then upload documents and E5 can quickly review your information and see how much […]