Exciting mortgage news!
The new year is upon us! Do you have a New Year’s Resolution? Is it to purchase your first home or maybe you and your family are growing and would like to expand. We have some exciting mortgage news for you!
In 2018, the loan limit will increase from $424,100 to $453,100 when purchasing with conventional financing!
Step 1: pre-qualification
Once you’ve decided that you want to buy a home, you should determine what payments you can comfortably afford. We provides many tools such as an affordability calculator that give you a general idea of what your payments would be, but to get a better idea of the price range of homes to view, you should get pre-qualified. A pre-qualification is beneficial in many ways. First, it gives you an idea of what loan amount and purchase price you can afford. Second, it strengthens your offer to the seller and the seller’s real estate agent. Third, by getting pre-qualified, you’re getting a jump start on the approval process. Once you find your home and open escrow, you’re already a few steps ahead. Get pre-qualified today!
#NewYearNewHouse #ConventionalFinancing #SpendLifeWisely