12
Sep
2023
How Does a Home Equity Line of Credit (HELOC) Work?
Emerald Home Loans
Establishing a line of credit to access your home’s equity is an important decision! You now have a flexible tool you can leverage to fund important endeavors, improve your home, or help support your financial well-being.
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06
Sep
2023
Understanding PITI: Breaking Down Your Mortgage Payment
Emerald Home Loans
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If you're on the journey to homeownership, you've likely encountered the terms "principal" and "interest" in relation to your mortgage. These terms represent the fundamental aspects of what you're borrowing and the associated costs. However, there's more to your mortgage payment than just these two...
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10
Aug
2023
There’s an important rule of thumb about income when it comes to applying for a mortgage. The numbers you report to Uncle Sam are the numbers lenders will use when making a decision about mortgage qualification.
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31
Jul
2023
Asset Depletion MOrtgages
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Not all borrowers have traditional means of employment or income. There are many people who may fit into non-traditional income categories such as:
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27
Jul
2023
The Fed hikes rates again! After pausing its cycle of policy rate hikes in June, the Fed implemented another increase at its July meeting. Many rate watchers hope the 0.25% hike will be the final increase of the year. Future Fed action depends on the economy.
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18
Jul
2023
2023 Mid-Year Housing Update
Emerald Home Loans
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Things are still happening in the housing market. If there’s one thing I want you to learn from this mid-year update on the home financing market, it’s that we’re still here.
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03
Jul
2023
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Understanding the Homebuying Process
Emerald Home Loans
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14
Jun
2023
FHFA Increases Area Median Income Limits
Emerald Home Loans
Low income just got higher! Some of our "low income" home loan programs are now available for borrowers with higher incomes.
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14
Jun
2023
First-Time Homebuyer Perks
Emerald Home Loans
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Buying your first home is a monumental step in life, brimming with excitement and a touch of trepidation. It's a decision that carries both the thrill of newfound independence and the weight of significant responsibility.
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31
May
2023
In July 2022, rapidly rising interest rates triggered a sudden slowdown in the upward trajectory of home prices and the intense bidding wars that accompanied them. Remarkably, 92% of U.S. markets witnessed monthly home price drops throughout the year. It was a significant shift in the market...
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