What is a Jumbo Loan and What Would You Need One For?

The amount of this loan’s funding surpasses the conforming limits established by the FHFA. Consequently, unlike traditional mortgages, Freddie Mac or Fannie Mae can’t purchase, guarantee, or securitize a jumbo loan. The loan seeks to fund luxury homes and...
Long-Term Home Maintenance and Repair

Long-Term Home Maintenance and Repair

Long-Term Home Maintenance and Repair The responsibility of maintenance is one of the significant differences between a homeowner and a home renter. You want to keep your home up to date and make sure it doesn’t succumb to mold, weather damage, leaking, or any other...
What Type of Insurance do I Need for My Home?

What Type of Insurance do I Need for My Home?

What Type of Insurance do I Need for My Home? Owning a home is different from renting a house in various ways, but one thing both owners and renters need is insurance. When you are renting a home or apartment, the owner or company usually insures the building....

Why Your Parents Might Be Taking Out A Reverse Mortgage

You may find yourself feeling the responsibility of helping your elderly parents with important decisions. You may feel a bit uneasy when you hear that your parents are considering a reverse mortgage, perhaps because you don’t know much about the loan. Reverse...