New Home Buyer Archives - Page 6 of 6 - E5 Home Loans

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New Conforming Loan Limits for 2022

Each year, the Federal Housing Finance Agency (FHFA) evaluates conforming loan limits and makes adjustments to account for the increase in home values. The “conforming” loan limit (CLL) is the highest loan amount for mortgages to be acquired by Fannie Mae and Freddie Mac. Simply put, this confirming loan amount keeps borrowers out of a […]

What to look for from your mortgage company

Getting a home loan is one of the largest purchases you will ever make. A mortgage broker has advantages in three categories; price, product & service.

Don’t Let Special Circumstances Keep You from Getting a Mortgage

There are a whole bunch of special circumstances that can affect your ability to qualify for a home loan. Getting straight answers, and sometimes a second opinion, regarding the rules and guidelines can be the difference between getting a home now, having to wait, or not even ever getting a home loan.

The Difference Between an Appraisal and a Home Inspection

Frequently people confuse the terms appraisal and inspection. While they are both part of the home buying process, they are distinctly different. In the simplest of terms, an appraisal determines the "value" of your home for a lender, while the inspection determines the condition of the home for the buyer. Learn more about these distinctions.