A high-balance loan — also referred to as a conforming high-balance loan or a super-conforming loan — is given to home buyers in high-income areas. It exceeds national conventional loan limits but meets local loan limits. Unlike jumbo loans, high-balance…

When shopping for a mortgage, you should first understand the two main options that are available: fixed-rate mortgages or adjustable-rate mortgages. Adjustable-rate mortgages are known for their low initial costs, while fixed-rate mortgages have a reputation for providing borrowers with…

For any home buyer, navigating the mortgage loan process can often be difficult, but it doesn’t have to be. The first step is learning about each option and deciding which is right for you. Jumbo and conventional loans are two…

Home equity loans and cash-out refinancing both serve the same purpose: enabling homeowners to secure funding for major expenses. This could include home improvement projects, medical bills, college tuition, high-interest debt and more. Pursuing one of these options can help…

With such a wide array of existing loan options, it is crucial that home buyers understand which products and programs will work best for them. FHA loans and conventional loans are two of the most common options for homebuyers –…

Even if you are just starting out on the journey to homeownership, it is likely that you have heard about two of the most common mortgages: conventional and nonconventional. A conventional loan or mortgage is not backed by the government,…