by Mortgage Broker | Apr 14, 2026 | Uncategorized
Key Takeaways: Switching to biweekly mortgage payments means you pay half of your monthly bill every two weeks. This schedule results in 26 half-payments, which equals 13 full payments a year instead of the usual 12. Making biweekly payments helps you pay off your...
by Mortgage Broker | Mar 31, 2026 | Uncategorized
Key Takeaways: What does active under contract mean? It means the seller accepted an offer, but the sale is not final yet. The home is under contract, but financing, inspection, appraisal, or other steps still need to be cleared. Does under contract mean sold, and can...
by Mortgage Broker | Mar 25, 2026 | Uncategorized
Key Takeaways: An appraisal gap is the difference between the home’s purchase price and its lower value. This matters because lenders base your loan on the appraised value, not the contract price. A low appraisal does not always end the deal. Buyers can try to...
by Mortgage Broker | Mar 24, 2026 | Uncategorized
Key Takeaways: What is a conforming loan? It is a conventional mortgage that meets the rules and loan limits set by Fannie Mae and Freddie Mac, which often helps buyers get lower interest rates and flexible terms. What are the limits? The limits are set each year by...
by Mortgage Broker | Mar 16, 2026 | Uncategorized
Key Takeaways: Buying a foreclosed home is a unique process where you purchase property from a lender rather than a homeowner through channels like bank-owned listings or auctions. You can get a traditional mortgage if the house is in good shape, but properties with...
by Mortgage Broker | Mar 11, 2026 | Uncategorized
Key Takeaways: Most people wonder how many mortgages can you have at once. While there is no legal limit, conventional lending rules usually allow you to finance up to 10 residential properties for investment or vacation use. If you hit the 10 property limit or do not...
