When it comes to money-saving strategies for homeowners, refinancing your home can be near the top of the list. Of course, each refinance comes with a unique set of circumstances, and you may be wondering whether a second or third refinance is something you want to do, or if you can even do it at all. The …
With the current housing market’s record-low inventory and all-time-high price tags, waiting for more favorable conditions would seem like the smart move for homebuyers. However, historical data and current trends suggest, however, that shoppers who sign early this winter are likely to get a better deal. According to an article published by Mortgage News Daily analyzing the past 7 …
Homebuyers May Get More For Their Money This Winter Read More »
When it comes to getting a lender’s approval to buy or refinance a home, there are 3 key numbers that affect your ability to qualify for a mortgage and how much it will cost you — your credit score, debt-to-income ratio, and loan-to-value ratio. Here’s a rundown of what they are and why they matter. Credit Score You’re …
Know How Your Numbers Work When Applying for a Mortgage Read More »
Last Tuesday, the Federal Housing Finance Agency (FHFA) announced that conforming loan limits will increase from $510,400 to $548,250 in 2021 marking the fifth straight year of loan limit increases. Most counties in California will now have high balance limits as well, these can be as high as $822,375. For context, a conforming loan is a type of mortgage that …
Conforming Loan Limits Will Increase Nearly 7.5% Read More »
If you’re a first-time refinancer, you might be unsure about what to expect in the process. At QHL, our top priority is to provide you with support — let’s start with dispelling some common refinance myths so you can approach your refinance with clarity and confidence. Myth #1: You won’t save that much money by refinancing. …