by Rob Messenger | Mar 3, 2023 | Mortgage Insurance, Real Estate Tips
The Department of Housing and Urban Development (HUD) together with the Federal Housing Association (FHA) has made an announcement that will dramatically change the mortgage insurance premiums (MIP) that will be charged to a buyer with an FHA mortgage. According to a...
by Jake Donovan | Mar 2, 2023 | Real Estate Tips
Medical Debt and Credit Reporting According to a report published by the Consumer Financial Protection Bureau, millions of Americans are carrying an estimated $88 billion in medical debts. These medical debts are from bills that have entered delinquent status and many...
by Jessica Irwin | Feb 16, 2023 | Real Estate Tips
When a marriage ends in divorce it can be an emotional and complicated time. According to the CDC 34% of married women over 20 years old and 33% of married men over 20 years old have been divorced. The decision to end a marriage is the first of many that need to be...
by Rob Messenger | Sep 29, 2022 | Loan Limits, Real Estate Tips
What are Loan Limits? Loan limits are set by the Federal Housing Finance Agency (FHFA) and they determine the maximum amount of cash a homebuyer can borrow and obtain a conforming loan. Loan limits apply to both Fannie Mae and Freddie Mac which are two government...
by Jessica Irwin | Sep 20, 2022 | Maine, Real Estate Tips
Legacy Mortgage Announces Maine License Legacy Mortgage is proud to announce that they have obtained their company mortgage loan originator license in Maine. Maine is the most recent state the mortgage company will now offer their lending services. They are currently...
by Rob Messenger | Aug 30, 2022 | Real Estate Tips
What are Escrows? When you are buying a home you will hear escrows discussed throughout the loan process. By definition an escrow is when money is held by a third party until it needs to be used to complete a certain condition. During the home buying process deposits...
