30
Nov
2022
Conforming Loan Limits Increase for 2023
Emerald Home Loans
On November 29, 2022, the Federal Housing Finance Agency (FHFA) announced an increase in the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2023.
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21
Nov
2022
Renting vs. Owning Your Own Home
Emerald Home Loans
Buy,
First-Time Homebuyer
Let’s compare the costs and benefits of renting and owning.
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14
Nov
2022
Understanding Seller Concessions
Emerald Home Loans
As home sales slow, prices erode, and rates increase, mortgage assistance by sellers for buyers can help cushion the impact of these market shifts, bridging the gap between what owners want or need and what buyers are willing to pay. With Seller Concessions buyers can score a better deal at...
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08
Nov
2022
Fed Increases Rates This November
Emerald Home Loans
Let's look beyond the Fed rate increase. As expected, the Fed raised policy rates by 0.75% at their November meeting. That's not the most interesting thing.Investors were hoping the Fed would signal it's ready to ease off the current pace of rate hikes. And that's what happened.The Fed's statement...
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07
Nov
2022
NJ Conventional Down Payment Assistance Program Increases To $15,000
Emerald Home Loans
News,
Buy,
First-Time Homebuyer,
Product,
Mortgage Product
Now home buyers can dream even bigger! The New Jersey Conventional Down Payment Assistance (DPA) Program has increased to $15,000 for properties in certain New Jersey counties*. This program was created to provide first-time home buyers a flexible and affordable option for purchasing a home.
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31
Oct
2022
Why Should you Consider A Reverse Mortgage?
Emerald Home Loans
What is a Reverse Mortgage?
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17
Oct
2022
3 Biggest Questions About Real Estate and Mortgages
Emerald Home Loans
As we near the end of 2022, the housing market is still in a constant state of shifts and changes. Some bigger or more impactful than others, but the truth remains the same: while we wish we had a crystal ball, we’ll never be able to predict what’s going to happen. However, one thing will always...
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11
Oct
2022
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The Truth About Mortgage Rates
Emerald Home Loans
Insider,
News,
Finances,
Refinance,
Mortgage Product
04
Oct
2022
Reverse Mortgage for Home Purchase
Emerald Home Loans
When you were younger, your home was the perfect place. Your spacious backyard provided a place for your children and even your pets to run and play. Your kitchen provided meals to feed your family and your living room and den served as the family gathering spot. During those years, the last thing...
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