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 ...
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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). ...
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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 ...
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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 ...
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The National Do Not Call (DNC) Registry gives you a choice about whether to receive telemarketing calls. When consumers shop for a home loan, one of the first steps in a pre-qualification or refinance involves pulling a credit report. ...
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If you found yourself reading this, you’re probably moving. Before you do, here are some important things to remember when moving. Changing your Address When you move, you are responsible for handling the change of your address on ...
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Conditional/Contingent Offers You’ve made an offer and negotiated a purchase price, so it’s time to learn about the contingencies that impact a home purchase contract. When you make an offer, you might make a conditional or contingent offer. ...
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Making an Offer You finally found the perfect home and it’s time to place an offer. Your real estate agent will guide you through this process, but as the buyer, you have the final say in the offer ...
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When you close a loan, don’t be surprised to see your mailbox explode with Mortgage Protection Insurance (MPI) offers. These offers follow closing on a new home purchase, a refinance, or even a Home Equity Line of Credit. ...
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What is Pre-Approval/Pre-Qualification? A Pre-Qualification letter is one of the most important documents you need when shopping for a home. Some real estate agents will not even show you houses without one. Certain states require buyers to have ...
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