06
Sep
2023
Understanding PITI: Breaking Down Your Mortgage Payment
Emerald Home Loans
Insider,
Finances,
Buy,
First-Time Homebuyer,
Blog
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...
Read More
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.
Read More
31
Jul
2023
Asset Depletion MOrtgages
Emerald Home Loans
Insider,
Retirement,
Finances,
Buy,
Blog,
Mortgage Product
Not all borrowers have traditional means of employment or income. There are many people who may fit into non-traditional income categories such as:
Read More
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.
Read More
18
Jul
2023
2023 Mid-Year Housing Update
Emerald Home Loans
Insider,
News,
Buy,
First-Time Homebuyer,
Blog
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.
Read More
03
Jul
2023
Read More
Understanding the Homebuying Process
Emerald Home Loans
Insider,
Buy,
First-Time Homebuyer,
Blog
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.
Read More
14
Jun
2023
First-Time Homebuyer Perks
Emerald Home Loans
Insider,
Finances,
Buy,
First-Time Homebuyer,
Blog,
Product,
Mortgage Product
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.
Read More
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...
Read More
30
May
2023
June is Homeownership Month: Celebrating the Benefits of Owning A home
Emerald Home Loans
National Homeownership comes around every year in June. This annual celebration shines a spotlight on the significance of owning a home and the countless benefits it brings to individuals, families, and communities. By becoming a homeowner, people get a step closer to the American dream. Let's...
Read More
