Understanding the FNMA Enhancements Letter
FNMA enhancements are what they sound like. FNMA enhancements are a must-discuss topic when it comes to government-backed home refinancing programs. FNMA, also known as Fannie Mae or the Federal National Mortgage Association, is a key player in the secondary mortgage market. That is to say, FNMA is not a ...
Homebuying Myths Debunked
The homebuying process has a track record of being stressful and demanding. In 2019, according to Homes.com, 44% of first-time homebuyers that were interviewed said they felt anxious throughout the entire loan process. Furthermore, many monetary requirements will discourage prospective buyers from getting their first home loan. Despite the stress ...
What is the new home guarantee program?
What is the new home guarantee program? This program was announced in the 2021-21 Federal Budget Plan and is designed specifically for first-time homebuyers to purchase property with 5% deposits. The government has allocated 10,000 new residences through the First House Loan Deposit Scheme (FHLDS) to guarantee new homes. These ...
Mortgage Points: A Complete Guide
How Do Mortgage Points Work? Mortgage points are something you come across in your journey as a homeowner. Home mortgage points work specifically by allowing you to get lower interest rates. It's not always a good approach, but if you're in the purchase process and don't want to refinance your ...
Build Credit If You’re New to the US: 8 Ways To Do It
You likely don't have a credit report or rating if you are new to the United States, even if you have good credit before emigration. Credits from other countries will not be transferred to the U.S. credit system, so you will build credit profile from scratch when you arrive. In ...
Buy a Home Now: Some Reasons To Go For It
7 Reasons to Buy a Home Now The coronavirus pandemic has forced many of us to take a break from our typical lives and get used to a new system of working from home, educating children at home, and developing creative ways to entertain ourselves and our family without leaving ...
